Databricks (DATB.PVT) announced on Wednesday its acquisition of database startup Neon in a deal valued at approximately $1 billion. The move strengthens Databricks’ position in AI-powered data management, aiming to streamline how businesses deploy AI agents.
The San Francisco-based analytics company noted that the acquisition addresses a key hurdle for enterprises—ensuring AI systems can rapidly access the data they need to function effectively.
Databricks, which reached a $62 billion valuation after raising $10 billion last year, offers a unified platform that enables users to ingest, analyze, and build AI applications using complex datasets from multiple sources.
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News Source: Finance.yahoo.com
