(Bloomberg) -- OpenAI has bought Rockset, an enterprise search and analytics startup, marking the most significant acquisition to date for the high-profile artificial intelligence company.ย The ChatGPT maker said Friday that it plans to integrate Rockset's technology to help business customersย and developers make better use of their data on OpenAI's platform.ย Some members of Rockset's team will also be joining OpenAI. Terms of the deal were not disclosed.ย OpenAI is in a tight race with rivalsย such as Anthropic and Alphabet Inc.'s Google to build the most capable AI models and package them with compelling servicesย that can be soldย to businesses. The startupย wasย valued at $86 billion in a tender offer in Februaryย and isย on track ย to generate $3.4 billion in revenue this year, according to comments Chief Executive Officerย Sam Altman recently made to employees.
Founded by former Facebook employees, Rockset offers technology to retrieve, indexย and make data searchable for business customers in industries ranging from gaming to fintech.ย Rockset raised $44 million in August led by Icon Ventures, with participation from Sequoia and Greylock. The company has raisedย $105 million in funding to date.
While OpenAI has previously done acquihires, a term referring to buying a company primarily for its talent, this deal marks the first time it will be integrating both the technology and staff of the startup it's purchasing, according to an OpenAI spokesperson.
โRockset's infrastructure empowers companies to transform their data into actionable intelligence,โ said Brad Lightcap, OpenAI's chief operating officer, in a blog post. โWe're excited to bring these benefits to our customers by integrating Rockset's foundation into OpenAI products.โ
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