Databricks, a data processing and AI company, has announced the acquisition of Tecton, a machine learning startup. This move aims to enhance AI tools for large corporations.
The Deal and Its Significance
The deal was confirmed by Databricks CEO Ali Ghodsi. The exact amount of the deal was not disclosed, but it is known to be made using Databricks' private shares. Tecton was valued at $900 million back in 2022 and currently has around 90 employees.
Tecton's Technologies and Their Integration
Tecton provides tools for deploying AI models in real-time, which is a key element for Databricks. Ghodsi noted that Tecton's technologies will be used to scale the Agent Bricks product, designed for automating workflows with AI.
Databricks' Strategy in the AI Market
Databricks is actively leveraging its high private valuation to acquire companies that enhance its AI strategy. This year, the company also acquired Neon for $1 billion and MosaicML for $1.3 billion, reinforcing its position in the AI sector.
The acquisition of Tecton underscores Databricks' intention to strengthen its market position in AI by providing more advanced tools for its clients.
