its intention to acquire Arcion, an enterprise data replication specialist and a part of the Databricks Ventures portfolio. The acquisition, valued at over $100 million, is set to bolster Databricks' capability to natively ingest data from a myriad of databases and SaaS applications into their Lakehouse Platform., which closed in September and saw participation from prominent investors like Nvidia and Capital One.
Arcion's ingest technology is built on a change data capture engine and offers connectors for more than 20 enterprise databases and data warehouses. This means that with Arcion's integration, Databricks will be able to facilitate either continuous or on-demand data ingestion into the lakehouse. This will be fully integrated with the enterprise security, governance, and compliance features of the Databricks platform, simplifying the overall process for businesses.
With Arcion's technology, Databricks can offer real-time replication of operational data, ensuring businesses have up-to-date information at their fingertips, which is vital for real-time analytics and decision-making. This should provide a nice extension of Databricks' existing ETL solution.
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