đ AI Powerhouse Couchbase Snapped Up in $1.5B Blockbuster Deal by Haveli Investments
Private equity strikes againâthis time bagging one of AI's rising stars.
Haveli Investments just dropped $1.5 billion to acquire Couchbase, proving even cutting-edge tech isn't immune to old-school checkbook diplomacy.
Why it matters: When PE firms start circling AI infrastructure plays, you know we've hit peak 'money chasing the next big thing.'
The subtext: Another innovation-driven company now answers to spreadsheet jockeys. Let's see how long it takes for 'synergies' to outweigh R&D budgets.
Silver lining? At least they didn't pay in cryptoâthis deal's valuation might actually stick.
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Flexible AI
Haveli Investments will pay Couchbase shareholders $24.50 per share, which represents a premium of about 29% to the stockâs last closing price. It wants to capitalize on the soaring demand for AI by utilizing Couchbaseâs cloud-based database, which powers AI-related applications that need a flexible model and easy scalability.
New database technologies, such as Couchbase, make it easier and faster to store, manage, and use large amounts of unstructured data that modern AI systems require.
âCouchbase has been at the forefront of modern database technology, empowering developers and enterprises to build high-performance applications,â said Matt Cain, chair, president, and CEO of Couchbase. âTodayâs announcement marks a significant milestone for our stockholders and an exciting new chapter for Couchbase. Haveliâs investment is a strong affirmation of our market position and our future potential.â
Critical Enabler
Sumit Pande, senior managing director at Haveli Investments, added: âThe data layer in enterprise IT Stacks is continuing to increase in importance as a critical enabler of next-gen AI applications. Couchbaseâs innovative data platform is well positioned to meet the performance and scalability demands of the largest global enterprises.â
The merger agreement includes a so-called âgo-shopâ period until June 23. During this period, Couchbase will be allowed to solicit, consider, and negotiate alternative acquisition proposals from other companies.
Couchbase recently reported financial results for the first quarter of fiscal 2026, revealing a 10% increase in total revenue to $56.5 million and subscription revenue of $54.8 million, up 12% from the previous year.
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