NEWS8 October 2021

Databricks acquires German startup

AI Data analytics M&A News North America Technology

US – Data and artificial intelligence (AI) business Databricks has acquired German data science company 8080 Labs for an undisclosed fee.

Jigsaw puzzle

8080 Labs runs user interface (UI)-based data tool Bamboolib, which helps users with data exploration and transformation without using computer code.

The acquisition will see 8080 Labs’ codeless features integrated into Databricks’ Lakehouse Platform, which Databricks said would increase democratisation of data and AI within the company and with users.

Databricks plans to integrate the no-code capabilities with its new AutoML, visualisation, and dashboard tools to extend UI-based features across its Lakehouse platform.

The acquisition follows a deal earlier this year to buy Amsterdam-based data science firm Cubonacci, and a funding round that raised $1.6bn for Databricks.

Ali Ghodsi, co-founder and chief executive of Databricks, said: “Bringing simple capabilities to Databricks is a critical step in empowering more people within an organisation to easily analyse and explore large sets of data, regardless of expertise.”

Tobias Krabel, co-founder of 8080 Labs, said: “We founded 8080 Labs to bring simplicity to complex data tasks and make the power of data science and machine learning accessible to data teams of any skill set.

“We see endless opportunities with Databricks and could not be more excited to join the team on this journey.”

@RESEARCH LIVE

0 Comments