Databricks Acquires Data Startup Arcion for $100M in Latest Acquisition
Originally Published 2 years ago — by CNBC
Databricks, the $43 billion analytics firm, has announced its acquisition of enterprise data company Arcion for approximately $100 million. The acquisition will enable Databricks to integrate Arcion's technology, making it easier for clients to add their data from software systems such as Salesforce, Workday, and Oracle. This is Databricks' first acquisition since acquiring MosaicML, an AI infrastructure startup, for $1.3 billion. The company plans to use Arcion's tech as the data source for MosaicML, further enhancing its AI capabilities. Databricks is considered a top contender for an IPO and aims to build a successful and sustainable business for the long term.