I wonder how much money OpenAI dangled in front of Rockset C-level execs and board to agree to acquisition. Seems company was founded in 2016 (8 years ago) [1]
With investment from vulture capitalists to the tune of $117M. [2] I would assume they want a sizeable return on investment, so maybe a $250-350M cash deal?
Doesn’t seem like this would be a unicorn, but it’s a payoff. Certainly will cover the losses from a few bad investments.
[1] https://venturebeat.com/ai/openai-acquires-rockset-to-streng...
[2] https://www.crunchbase.com/organization/rockset/company_fina...
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