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OpenAI acquires Rockset to strengthen its enterprise AI offering
OpenAI acquires Rockset to strengthen its enterprise AI offering

OpenAI, the artificial intelligence (AI) company behind ChatGPT, has acquired enterprise search and analytics startup Rockset, according to a Bloomberg report on Friday (June 21).

While financial terms were not disclosed, the acquisition is notable because OpenAI plans to fully integrate Rockset’s technology and key personnel. This approach deviates from OpenAI’s previous “acquihire” strategy, in which purchases were primarily aimed at talent, an OpenAI spokesperson confirmed to Bloomberg.

Brad Lightcap, OpenAI’s chief operating officer, highlighted the strategic importance of the deal in a company blog post. “Rockset’s infrastructure enables companies to transform their data into actionable intelligence,” Lightcap wrote. “We are excited to offer these benefits to our customers by integrating Rockset’s foundation into OpenAI products.”

Founded by former Facebook employees, Rockset has built a reputation for its ability to quickly retrieve, index and make data searchable for business clients across multiple industries, including gaming and FinTech, according to Bloomberg. The startup has secured a total of $105 million in funding, with the latest round of $44 million led by Icon Ventures and backed by prominent Silicon Valley firms Sequoia and Greylock.

Bloomberg reports that the acquisition comes at a critical time for OpenAI, as the company faces stiff competition from rivals such as Anthropic and Google’s AI division. These companies are vying to develop the most advanced AI models and create compelling enterprise solutions. OpenAI’s recent $86 billion valuation in a tender offer in February underscores how much is at stake in this evolving market.

According to Bloomberg, OpenAI CEO Sam Altman forecast revenue of $3.4 billion for the company this year, highlighting the growing commercial potential of its AI technologies. The integration of Rockset’s capabilities is expected to play a crucial role in OpenAI’s strategy to capture a larger share of the enterprise AI market.

Industry analysts interviewed by Bloomberg see the acquisition as a sign of OpenAI’s commitment to developing more robust and scalable solutions for business customers. By incorporating Rockset’s search and analytics expertise, OpenAI aims to offer companies more efficient ways to use their data within the OpenAI ecosystem.


By Aurora