Databricks Boosts Its Data Ingestion Capabilities with $100 Million Acquisition of Arcion
<p>In a significant move to expand its data management capabilities, <a href="http://www.databricks.com/" rel="noopener ugc nofollow" target="_blank">Databricks</a>, the data lakehouse provider, has announced its acquisition of data replication and ingestion technology provider <a href="https://www.arcion.io/" rel="noopener ugc nofollow" target="_blank">Arcion</a>. This strategic acquisition, valued at over $100 million, strengthens Databricks’ portfolio and positions the company to further enhance its data management services.</p>
<p>Arcion and Databricks share a history, with Arcion having received funding from Databricks Ventures as a portfolio company. This existing partnership laid the foundation for a more profound collaboration, as Databricks recognized the value Arcion could bring to its data lakehouse ecosystem.</p>
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