Databricks has agreed to buy database startup Neon in a deal valued at about $1 billion, the Wall Street Journal reported on Wednesday, as the data analytics company aims to bolster its capabilities in artificial intelligence-powered data management.
San Francisco-based Databricks said the deal address a challenge businesses face when deploying AI agents, specifically the speed at which they can link up the necessary data to run their services, the report added.
Founded in 2013, Databricks offers a platform designed to help users ingest, analyze and build artificial intelligence applications using complex data from various sources.
Neon and Databricks did not immediately respond to Reuters requests for comment.
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