Databricks is set to acquire machine learning startup Tecton, aiming to enhance its AI agent offerings for enterprise customers. Tecton, valued at $900 million, provides software for data analysis and deployment at scale. The deal, which consists of private shares, follows Databricks’ recent funding announcement at a valuation exceeding $100 billion.

Tecton, founded by former Uber engineers in 2020, has raised $160 million from investors like Andreessen Horowitz. The acquisition by Databricks will strengthen its flagship product, Agent Bricks, for building and automating workflows with AI agents. Speed is crucial for AI applications like voice interaction, as real-time information feeds into agents.

Databricks CEO Ali Ghodsi emphasized the importance of real-time capabilities in AI use cases. Tecton’s technology and talent will be integral in enhancing Databricks’ offerings, particularly for interactive and user-facing services. The acquisition deepens relationships with shared clients like crypto exchange Coinbase, leveraging both technologies for improved services.

The acquisition of Tecton marks another strategic move by Databricks, building on previous acquisitions like MosaicML, Tabular, and Neon to bolster its AI platform. With a soaring private valuation, Databricks continues to expand its capabilities through acquisitions of venture-backed startups, aiming to provide comprehensive AI solutions for businesses.

Read more at Yahoo Finance: Exclusive-Databricks to buy Sequoia-backed Tecton in AI agent push