OpenAI, backed by Microsoft, has acquired Rockset, a search and database analytics startup founded by Indian techies Venkat Venkataramani and Dhruba Borthakur, who both studied engineering in Indian institutions. Venkataramani, the CEO, attended NIT Tiruchirappalli, while Borthakur, the CTO, is an alumnus of BITS Pilani. Both founders previously worked as engineers at Facebook, with Venkataramani having experience at Oracle and Borthakur at Yahoo.
Rockset specializes in real-time search and analytics databases, utilizing AI in applications such as chatbots and anomaly detection. With backing from Greylock, Sequoia, and Hewlett Packard Enterprise’s venture capital arm, the company secured $105 million in total funding.
What this Acquisition Means for Users
According to Reuters, the deal size has not been disclosed, but OpenAI used its shares to acquire Rockset in a stock deal valuing the startup at several hundred million dollars. This marks one of OpenAI’s largest acquisitions, with Rockset previously valued at $86 billion in a tender offer earlier this year.
Rockset’s team will join OpenAI, integrating their technology into the retrieval infrastructure of ChatGPT maker’s enterprise products. Users can expect faster and more accurate responses from OpenAI’s AI models as a result of the acquisition.
Rockset’s capabilities will enhance OpenAI’s ability to access and analyze large amounts of information quickly. This will be invaluable as OpenAI targets businesses with tools for rapid data indexing and search.
Recently, OpenAI’s CTO Mira Murati predicted advancements in ChatGPT technology, with a future version possessing “PhD-level intelligence” for specific tasks expected to launch in late 2025 or early 2026 during a talk at Dartmouth Engineering, her alma mater.
Rockset specializes in real-time search and analytics databases, utilizing AI in applications such as chatbots and anomaly detection. With backing from Greylock, Sequoia, and Hewlett Packard Enterprise’s venture capital arm, the company secured $105 million in total funding.
What this Acquisition Means for Users
According to Reuters, the deal size has not been disclosed, but OpenAI used its shares to acquire Rockset in a stock deal valuing the startup at several hundred million dollars. This marks one of OpenAI’s largest acquisitions, with Rockset previously valued at $86 billion in a tender offer earlier this year.
Rockset’s team will join OpenAI, integrating their technology into the retrieval infrastructure of ChatGPT maker’s enterprise products. Users can expect faster and more accurate responses from OpenAI’s AI models as a result of the acquisition.
Rockset’s capabilities will enhance OpenAI’s ability to access and analyze large amounts of information quickly. This will be invaluable as OpenAI targets businesses with tools for rapid data indexing and search.
Recently, OpenAI’s CTO Mira Murati predicted advancements in ChatGPT technology, with a future version possessing “PhD-level intelligence” for specific tasks expected to launch in late 2025 or early 2026 during a talk at Dartmouth Engineering, her alma mater.
