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Databricks acquires feature startup Fennel

Apr 18, 20256 months ago

Acquiring Company

Databricks

Acquired Company

Fennel

San FranciscoMenlo ParkArtificial IntelligenceSoftwareMachine LearningArtificial IntelligenceSoftware

Description

Databricks has acquired Fennel to enhance its AI model development capabilities. Fennel specializes in automating feature engineering for machine learning. This acquisition aims to streamline data preparation processes. The integration is expected to improve efficiency for Databricks users.

Company Information

Company

Databricks

Location

San Francisco, California, United States

About

Databricks is the Data and AI company. More than 20,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe, and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed