Today: 23 August 2025
27 October 2023
1 min read

Databricks Acquires Arcion in $100M Deal

The company acquired Arcion for about $100 million, including incentives…reports Asian Lite News

US-based data and AI company Databricks has acquired data startup Arcion, which helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms.

According to reports, the company acquired Arcion for about $100 million, including incentives.

The company said this acquisition will enable Databricks to natively provide a scalable, easy-to-use, and cost-effective solution to ingest data from various enterprise data sources.

“Arcion’s highly reliable and easy-to-use solution will enable our customers to make that data available almost instantly for faster and more informed decision-making,” Ali Ghodsi, Co-Founder and CEO at Databricks, said in a statement.

Building on a scalable change data capture (CDC) engine, Arcion offers connectors for over 20 enterprise databases and data warehouses. The integration will simplify ingesting such data either continuously or on-demand into the lakehouse, fully integrated with the enterprise security, governance, and compliance capabilities of the Databricks platform, according to the company.

“Arcion’s real-time, large-scale CDC data pipeline technology extends Databricks’ market-leading ETL solution to include replication of operational data in real-time,” said Gary Hagmueller, CEO of Arcion.

The acquisition comes after Databricks announced a $500 million funding round in September at a valuation of $43 billion.

In June, the company acquired MosaicML, a leading generative AI platform for approximately $1.3 billion. With this acquisition, the company is said to make generative AI accessible for every organisation, enabling them to build, own and secure generative AI models with their own data.

ALSO READ: Investor Caution in IT Stocks

Previous Story

Prof.Kishan Devani BEM wins Top Award

Next Story

Intel Explores ChatGPT Apps

Latest from Business

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global
Go toTop

Don't Miss

2 drones shot down above Iraq base housing US troops

The US military’s C-RAM defence system was activated to shoot

Biden, Harris set eyes on 2024 election

President blames Trump for dysfunction at the border, denies perception