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Datadog Inc., a US-based software company, has acquired Eppo, a feature flagging and experimentation platform, for approximately $220 million. The acquisition aims to enhance Datadog's capabilities in AI, product analytics, experimentation, and feature flag management. Prior to finalizing the Eppo deal, Datadog reportedly approached LaunchDarkly for a similar acquisition but was declined due to pricing disagreements. Meanwhile, Databricks is in advanced discussions to acquire Neon, a San Francisco-based cloud database startup, in a deal valued around $1 billion. This acquisition is intended to strengthen Databricks' support for AI agents that require both transactional and analytical data. These developments reflect an active merger and acquisition environment in the Silicon Valley tech sector focused on AI and data-driven applications.
Last week, I scooped that Datadog was buying Eppo for $220M. But $DDOG also approached LaunchDarkly, sources tell @UpstartsMediaCo, and was rebuffed over price. A red-hot M&A market was one of a few themes I heard across Silicon Valley events last week: https://t.co/WU6Dcx6Nxj
Databricks is reportedly in advanced talks to acquire San Francisco-based cloud database startup Neon in a deal valued around $1 billion, according to The Information. The acquisition is aimed at bolstering @databricks ' ability to support AI agents capable of handling complex, https://t.co/FudGfJlDse
Why is Databricks buying Neon? The @databricks acquisition of @neondatabase is further acceptance of the fact that AI agents are the new apps. These new apps need to built on data - both transactional (app data) and analytical (historical data). We are building the data
