Databricks, the $43 billion analytics firm, acquires data startup Arcion for $100 million

Once Databricks integrates Arcion’s technology, it should be much easier for clients to add their data from software systems such as Salesforce, Workday and Oracle

Databricks has agreed to acquire Arcion, an enterprise data company, for about $100 million, including incentives, CEO Ali Ghodsi told CNBC ahead of an official Monday announcement.

Databricks’ chief product is a data analytics tool, powered largely by an artificial intelligence method called deep learning, but there’s no data for the platform to analyze when a client signs up, Ghodsi said. Once Databricks integrates Arcion’s technology, it should be much easier for clients to add their data from software systems such as Salesforce, Workday and Oracle, he said. Databricks had previously invested in Arcion’s $13 million Series A round in February 2022.

Image Credit: Databricks