Rockset’s expertise in real-time data processing and vector search will improve OpenAI’s ability to quickly access and analyse vast amounts of information.
Microsoft-backed OpenAI has reportedly acquired search and database analytics startup Rockset to provide better infrastructure for its enterprise products.
According to the sources, the companies did not disclose the deal size. OpenAI used its shares to buy the company in a stock deal that valued Rocket at a few hundred million, marking it one of its largest acquisitions by the fast-rising AI lab.
OpenAI has declined to comment on deal details. Investors last valued the company at $86 billion in a tender offer earlier this year.
Why is the deal essential?
According to Rockset, its team will join OpenAI and the technology to power the retrieval infrastructure of the ChatGPT maker’s enterprise products. As a result, Rockset’s expertise in real-time data processing and vector search will improve OpenAI’s ability to quickly access and analyse vast amounts of information, likely leading to faster and more accurate responses from AI models, as it tries to sell enterprises tools to rapidly index and search among their data.
Rockset, founded by former engineers at Meta (META.O), opens new tab, builds real-time search and analytics databases, and has benefited from the use of artificial intelligence in applications from chatbots and detecting anomalies.
Backed by Greylock, Sequoia and Hewlett Packard Enterprise’s (HPE.N), opens new tab venture capital arm, Rockset said last year it had raised $105 million in total funding.
