Yibeni Tungoe
Journalism & Mass Communication student at North Eastern Hill University.
Rockset, a real-time analytics database for building data-intensive applications at a scale has been acquired by OpenAI. This move by OpenAI marks...
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Rockset, a real-time analytics database for building data-intensive applications at a scale has been acquired by OpenAI. This move by OpenAI marks its first-ever acquisition since the company’s inception.
OpenAI has stated on its official blog that it would integrate Rockset’s technology to “power [its] infrastructure across products.” Rockset’s team will join OpenAI and the startup’s existing customers will gradually be transitioned off its platform.
Rockset's infrastructure has been said to empower companies to transform their data into actionable intelligence.
Rockset was founded in 2016 by co-founders, Venkat Venkataramani, Tudor Bosman and Dhruba Borthakur. Venkataramani and Bosman were former Facebook engineers, while Borthakur was a database architect. The trio created tools which allowed companies to automatically ingest data from databases and public cloud storage services and then index the data for search and analytics applications.
OpenAI’s COO, Brad Lightcap stated, “We’re excited to bring these benefits to our customers by integrating Rockset’s foundation into OpenAI products.”
Rockset’s CEO Venkat Venkataramani has stated, “We’ll be helping OpenAI solve the hard database problems that AI apps face at a massive scale.”
Rocket has raised $117.5 million in capital from investors such as Icon Ventures, Sequoia and Greylock before the acquisition. The startup also had name-brand customers such as Meta and JetBlue.
Rockset will now be integrated into OpenAI and power the retrieval infrastructure backing OpenAI's product suite. The startup fits into OpenAI’s broader strategy of investing heavily in its enterprise sales and tech organisations. Advanced retrieval infrastructure like Rockset makes AI apps more powerful and useful and once integrated with OpenAI, Rockset will be helping OpenAI solve the hard database problems that AI apps face at a massive scale.
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Journalism & Mass Communication student at North Eastern Hill University.
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