Microsoft-backed OpenAI is acquiring search and database analytics startup Rockset to improve infrastructure for its enterprise products.
The companies did not disclose the deal size. OpenAI used its shares to buy the company in a stock deal that valued Rockset at a few hundred million. OpenAI was last valued at $86 billion in a tender offer by investors earlier this year.
“Rockset’s infrastructure empowers companies to transform their data into actionable intelligence. We’re excited to bring these benefits to our customers by integrating Rockset’s foundation into OpenAI products,” said Brad Lightcap, OpenAI COO.
Rockset, founded by former engineers at Meta, 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 venture capital arm, Rockset said last year it had raised $105 million in total funding.
According to Rockset, its team will join OpenAI, and the technology will power the retrieval infrastructure of ChatGPT’s enterprise products.
This means Rockset's expertise in real-time data processing and vector search will enhance OpenAI's ability to quickly access and analyze vast amounts of information, leading to faster and more accurate responses from AI models, according to the companies.
“Advanced retrieval infrastructure like Rockset will make AI apps more powerful and useful. With this acquisition, what we’ve developed over the years will help make AI accessible to all in a safe and beneficial way,” said Venkat Venkataramani, CEO, Rockset in a blog post.
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