TechTaffy

tech:

taffy

Databricks to acquire generative AI platform MosaicML for $1.3B

By TechTaffy Desk

Databricks has entered into a definitive agreement to acquire generative AI platform-provider MosaicML for $1.3 billion.

Upon closing of the transaction, the MosaicML team, including its research team, will join Databricks. MosaicML’s platform will be integrated into Databricks’ offerings over time, providing customers with a unified platform to build and secure their generative AI models.

MosaicML’s MPT large language models (LLMs) has over 3.3 million downloads, according to a statement by the companies. MosaicML customers include AI2 (Allen Institute for AI), Generally Intelligent, Hippocratic AI, Replit, and Scatter Labs.

The proposed acquisition is currently awaiting regulatory clearances and other standard closing conditions.

Just in

Series B

PortX raises $16.5M

Seattle-based PortX, an integration technology company focused on financial services infrastructure, has announced a Series B funding round of $16.5 million.
Others

Contentsquare to acquire product analytics platform Heap

Contentsquare has entered into a definitive agreement to acquire product analytics platform Heap, in what marks Contentsquare’s largest acquisition to date.
Seed

Nexusflow raises $10.6M

Palo Alto, Calif.-based Nexusflow, a company specializing in generative AI for cybersecurity, has raised a $10.6 million seed funding round.
Public Sector

IonQ expands partnership with Air Force for quantum networking research

Quantum computing company IonQ has inked a new agreement with the Air Force Research Lab (AFRL) to deliver two trapped ion quantum computing systems.
Public Sector

CGI wins 10-year AOUSC contract for $143.5M

CGI has been awarded a ten-year IDIQ contract by the Administrative Office of the U.S. Courts. If all options are exercised, the total value of the task order will be $143.5 million.