DEAL_OVERVIEW
Deal Terms
Date
2023-06-26
Amount
$1.3B
Est. Multiple
21.6x
Key Talent
65 engineers
Integration Time
3 months
Categories
LLMOpsAI Infrastructure
Deal Multiples
EV / ARR
Based on estimated $60M ARR at time of acquisition.
21.6x
Price / Employee
$1.3B / 65 employees = $20M per employee.
$20.0M
Strategic Rationale
Acquire best-in-class ML training infrastructure and top AI research talent to build generative AI into the lakehouse platform.
POST_ACQUISITION_TIMELINE4 EVENTS
2023-07-01reorg
MosaicML team integrated into Databricks GenAI division
Naveen Rao appointed VP of Generative AI at Databricks. MosaicML team forms the core of Databricks generative AI efforts.
2023-09-15feature integration
Mosaic MPT models available on Databricks Marketplace
MosaicML pretrained models (MPT-7B, MPT-30B) added to Databricks Model Marketplace.
2023-11-01rebrand
MosaicML training platform rebranded as Databricks Mosaic AI
MosaicML products unified under Databricks Mosaic AI brand. Training, fine-tuning, and inference as part of lakehouse platform.
2024-03-15feature integration
DBRX foundation model launched
Databricks releases DBRX, a state-of-the-art open LLM trained using MosaicML infrastructure. Demonstrates integration value.
KEY_PEOPLE1 TRANSITIONS
NR
Naveen Rao
MosaicML CEO & Co-founder→Databricks VP of Generative AI
RELATED_PRODUCT_EVENTS
launch2023-11-01
Databricks Mosaic AI platform launch
Mosaic AI · Databricks
MosaicML technology rebranded and launched as Databricks Mosaic AI.