(Bloomberg) — OpenAI has acquired enterprise search and analytics startup Lockset, the hotly anticipated artificial intelligence company’s biggest acquisition yet. The chat GPT developer said Friday it plans to integrate Lockset’s technology to help enterprise customers and developers make better use of data on its platform. Several Lockset team members will also join OpenAI. Terms of the deal were not disclosed. OpenAI is in a fierce race against rivals including Anthropik Inc. and Alphabet Inc.’s Google to build the most powerful AI models and pair them with compelling services that it can sell to businesses. The startup was valued at $86 billion in a February tender offer and is on track to reach $3.4 billion in sales this year, Chief Executive Sam Altman told employees recently.
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Founded by ex-Facebook employees, Rockset provides technology to capture, index and make searchable data for enterprise customers across a range of industries from gaming to fintech. Rockset raised $44 million in August led by Icon Ventures, with participation from Sequoia and Greylock. The company has raised $105 million in funding to date.
OpenAI has previously acquired companies primarily for the purpose of acquiring talent, but this deal marks the first time it has integrated both the technology and staff of a startup it acquires, according to an OpenAI spokesperson.
“Rockset’s infrastructure enables companies to transform data into actionable intelligence,” said Brad Lightcap, chief operating officer at OpenAI, in a blog post. “We’re excited to bring these benefits to our customers by integrating Rockset’s foundation into OpenAI products.”
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