OpenAI’s first acquisition is an enterprise data startup

Jun 22, 2024 12:15 AM - 4 months ago 53148

OpenAI has acquired Rockset, an endeavor analytics startup, to “power our retrieval infrastructure crossed products,” according to a Friday blog post.

This acquisition is OpenAI’s first wherever nan institution will merge some a company’s exertion and its team, a spokesperson tells Bloomberg. The 2 companies didn’t stock nan position of nan acquisition. Rockset has raised $105 cardinal successful backing to date.

“Rockset’s infrastructure empowers companies to toggle shape their information into actionable intelligence,” OpenAI COO Brad Lightcap says successful a statement. “We’re excited to bring these benefits to our customers by integrating Rockset’s instauration into OpenAI products.”

“Rockset will go portion of OpenAI and powerfulness nan retrieval infrastructure backing OpenAI’s merchandise suite,” Rockset CEO Venkat Venkataramani says in a Rockset blog post. “We’ll beryllium helping OpenAI lick nan difficult database problems that AI apps look astatine monolithic scale.”

Venkataramani says that existent Rockset customers won’t acquisition “immediate change” and that nan institution will gradually modulation them disconnected nan platform. “Some” members of Rockset’s squad will move complete to OpenAI, Bloomberg says.

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