Databricks, a San Francisco, CA-based data and AI company, acquired Arcion, a Databricks Ventures portfolio company that helps enterprises quickly and reliably replicate data across on-prem, cloud databases and data platforms.
The transaction is valued at over $100M.
This acquisition will enable Databricks to natively provide a scalable solution to ingest data from various enterprise data sources. 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.
Led by Gary Hagmueller, CEO, Arcion replicates enterprise databases, data warehouses, and cloud analytics platforms using change data capture (CDC) to empower AI applications. Enterprises utilize Arcion’s zero-impact, agentless CDC pipelines to replicate data with low latency and consistency. The company provides support for schema conversions and evolution, with zero code required. Fortune 500 companies use it to drive analytics and AI by replicating mission-critical data among databases and cloud data warehouses.
Led by CEO Ali Ghodsi, Databricks is the data and AI company that serves more than 10,000 organizations worldwide — including Comcast, Condé Nast, and over 50% of the Fortune 500 — to unify their data, analytics, and AI.
FinSMEs
23/10/2023