, a leading platform in generative AI. The acquisition, valued at approximately $1.3 billion, aims to make generative AI accessible to all organizations, empowering them to build, own, and secure their own generative AI models using their proprietary data.MosaicML was founded by Naveen Rao, a former head of artificial intelligence products at Intel and co-founder of Nervana Systems, which was acquired by Intel for $350 million.
MosaicML has attracted $37 million in venture capital, with investors including Lux Capital, DCVC Playground Global, AME, Correlation, and E14. According to Databricks, the joint offering of its Lakehouse Platform and MosaicML's technology will provide organizations with a simple and rapid approach to retaining control, security, and ownership of their valuable data without incurring high costs. MosaicML's automatic optimization of model training promises 2–7x faster training speeds compared to conventional methods.