Exploring the Enterprise GenAI Landscape

Databricks’ $1.3B Acquisition and Snowflake’s Partnerships

Sophia Yang, Ph.D.
5 min readJun 28, 2023

How is MosaicML worth $1.3Billion dollars? What’s their core business? Between Databricks’s acquisition and Snowflake’s Nvidia and Reka partnerships, what is going on in the enterprise Generative AI world?

Mosaic

As you may already have heard, Databrick recently announced its acquisition of a large language model company MosaicML for $1.3 Billion, this is by far the biggest acquisition in the generative AI world. The crazy thing is this startup is only 2 years old with only has 62 employees, which means it’s virtually $21 million dollars per employee. I bet the two founders are really happy now. So who are the brilliant founders of this company?

Mosaic Founders

The CEO and co-founder Naveen Rao had his first startup Nervana Systems from 2014 to 2016. It provides an open-source deep learning framework Neon and a full-stack software-as-a-service platform called Nervana Cloud that enabled businesses to develop custom deep learning software. It got acquired by Intel for $400 million also after 2 years of life. Then Naveen went to work for Intel for a few years before…

--

--