M&A Roundup: - San Francisco-based data storage and management startup Databricks acquired generative AI startup MosaicML for $1.3B. With the acquisition, Databricks will integrate MosaicML's language model platform with its own AI-powered data management technology to empower customers to build their low-cost language models using proprietary data.
- Thomson Reuters has signed a deal to acquire Casetext, an AI-powered legal startup, for $650M in cash. Casetext's flagship product, CoCounsel, is an AI legal assistant powered by GPT-4.
- Ramp, a finance automation company, has acquired Cohere.io, a startup known for its AI-driven customer support tool. Financial terms were not disclosed.
- AI-powered analytic solutions maker ThoughtSpot acquired business intelligence startup Mode Analytics for $200M in cash and stock. With the acquisition, ThoughtSpot will be able to provide analytic applications and data visualization tools to data teams.
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