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Microsoft-backed OpenAI Acquires Rockset on June 21, 2024 to Enhance Data Capabilities

Jun 21, 2024, 04:01 PM

OpenAI has announced the acquisition of Rockset, a leading real-time analytics database and enterprise search startup, on June 21, 2024. This marks OpenAI's first acquisition that is not merely an acquihire. Rockset's technology, known for its world-class data indexing and querying capabilities, will be integrated across OpenAI's products to enhance retrieval infrastructure and empower companies to transform their data into actionable intelligence. Members of Rockset's team will join OpenAI, contributing to the development of more intelligent applications. Rockset, founded in 2016 by a team that built RocksDB, has raised $105 million to date. The acquisition, for an undisclosed sum, aims to bolster OpenAI's enterprise AI capabilities and provide better tools for users, developers, and companies. This move is backed by Microsoft.