What happened to mosaicml & Databricks?

On June 26, Databricks and MosaicML announced their stock deal, valued at $1.3 billion, which includes retention packages. All 62 of MosaicML’s employees are expected to stay. The transaction is slated to close in July, a spokeswoman said. Neither Databricks nor MosaicML used an outside investment bank on the deal.

What's new with mosaicml?

Corrected with updated amount of fundraising and valuation, provided by MosaicML. MosaicML will become a part of the Databricks Lakehouse Platform, providing generative AI tooling alongside the Databricks' existing multi cloud offerings.

How much is mosaicml worth?

Rao pointed to MosaicML’s valuation. With all the hype around AI, the startup could easily receive a valuation of more than $1 billion if they sought outside funding, Rao said. MosaicML had also received offers from some big publicly traded tech companies, but rejected them, he said.