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OpenAI’s first acquisition is an enterprise data startup

Jun 21, 2024 - theverge.com
OpenAI has acquired enterprise analytics startup Rockset, marking its first acquisition where it will integrate both the company's technology and team. The move is aimed at powering OpenAI's retrieval infrastructure across its products. The terms of the acquisition were not disclosed, but it's known that Rockset has raised $105 million in funding to date.

Rockset's infrastructure will be integrated into OpenAI's products to help transform data into actionable intelligence. Rockset will become part of OpenAI and power the retrieval infrastructure backing OpenAI’s product suite. Current Rockset customers will be gradually transitioned off the platform, and some members of Rockset's team will move over to OpenAI.

Key takeaways:

  • OpenAI has acquired enterprise analytics startup Rockset, marking the first time OpenAI will integrate both a company’s technology and its team.
  • The acquisition will power OpenAI's retrieval infrastructure across its products.
  • Rockset has raised $105 million in funding to date and its infrastructure will be integrated into OpenAI products to transform data into actionable intelligence.
  • Current Rockset customers won't experience immediate change and will be gradually transitioned off the platform, with some members of Rockset's team moving over to OpenAI.
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