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- MosaicML
MosaicML Acquisition, Valuation, Funding & Investors
MosaicML was acquired by Databricks for $1.3B in June 2023, a 65.0x multiple on $20M of revenue.
MosaicML revenue at acquisition
$20M
Last twelve months · Jun 2023
MosaicML revenue multiple at acquisition
65.0x
EV/Revenue · Jun 2023
Cumulative funding MosaicML raised
$37M
across 1 funding round
About MosaicML
San Francisco-based MosaicML provides cloud infrastructure optimized for training large language models with Composer and LLM Foundry frameworks. The platform reduces training costs through data pipelines and tuning algorithms, serving AI labs at companies like Cisco. Acquired by Databricks in 2023, it scales models up to hundreds of billions of parameters.
Founded
2021
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Usage-based
Revenue
$20M (Jun 2023)
Valuation
$222M (Oct 2021)
MosaicML Acquisition
MosaicML was acquired by Databricks for $1.3B on 26 June 2023.
The acquisition price implies a 65.0x revenue multiple on $20M of revenue.
Before the acquisition MosaicML had raised $37M across 1 funding round.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 26 Jun 2023 | Strategic M&A | $1.3B | 65.0x |
MosaicML Valuation
MosaicML is currently valued at $222M, based on its undisclosed-stage round in October 2021.
The $37M round included E14 Fund, Future Ventures, Lux Capital, AME Cloud Ventures, Playground Global and 2 other investors.
MosaicML valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Oct 2021 | Undisclosed stage | $222M |
MosaicML Funding History
MosaicML has raised a total of $37M across 1 funding round.
MosaicML funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Undisclosed stage | E14 Fund; Future Ventures; Lux Capital; AME Cloud Ventures; Playground Global; DCVC; Correlation Ventures | $37M | $222M | MosaicML is a generative AI platform founded to empower enterprises and developers to build, train, and deploy their own large language models cost-effectively. The company is known for its state-of-the-art MPT (Mosaic Pretrained Transformer) LLMs, including MPT-7B which achieved over 3.3 million downloads and the subsequent MPT-30B release. MosaicML's platform focuses on enabling organizations to quickly build and train models using their own data while maintaining full control over model ownership and data privacy. In October 2021, MosaicML raised a Series A round of $25 million, achieving a post-money valuation of $222 million. The round was led by investors including DCVC, Lux Capital, Playground Global, and others. By the time of its acquisition announcement in June 2023, the company had raised a total of $37 million in disclosed equity funding and employed over 60 people. MosaicML achieved significant traction with customers including the Allen Institute for AI (AI2), Generally Intelligent, Hippocratic AI, Replit, and Scatter Labs, who leveraged the platform for various generative AI applications. The company's rapid trajectory was underscored by its subsequent acquisition by Databricks in June 2023 for $1.3 billion—a remarkable 5.9x return from its last venture valuation in just under two years—and it was later reported to have generated $20 million in revenue at the time of that exit. |
Who has invested in MosaicML?
7 investors have backed MosaicML across its funding rounds, including Lux Capital, DCVC, Correlation Ventures, AME Cloud Ventures, Playground Global and E14 Fund.
MosaicML Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
| 1 | Participant | Oct 2021 | ||
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Start Free TrialMosaicML Competitors
MosaicML competitors include listed companies like Fractal Analytics and PCITECH, and private ones like AppZen, Deepgram, Lila Sciences and Goodfire.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.3B | - | ||
| Private | $240M | - | $1.3B | - | ||
| Private | $75M | - | $1.3B | 17.3x | ||
| Publicly listed | $344M | $50M | $1.3B | 3.4x | ||
| Private | $10M | - | $1.3B | 125.0x | ||
| Publicly listed | $1.5B | $53M | $1.4B | 0.9x |
MosaicML Public Comps
MosaicML is no longer listed, but its public comps include Fractal Analytics, PCITECH, Appier Group, Rackspace, Rezolve AI, TRS Information Technology, Beijing CTJ Info Tech, Wenge AI, C3.ai and Reconova Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $344M | $50M | 3.7x | 3.4x | 25.8x | 21.0x | |||
| $1.5B | $53M | 0.8x | 0.9x | 24.1x | - | |||
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $2.7B | $244M | 1.5x | 1.6x | 17.1x | 15.0x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $76M | ($20M) | 19.3x | 19.7x | (73.5x) | 478.8x | |||
| $123M | $13M | 5.3x | 4.9x | 51.3x | 34.6x | |||
| $60M | ($20M) | 27.6x | - | (82.7x) | - | |||
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Common questions about MosaicML
| When was MosaicML founded? | MosaicML was founded in 2021. |
| Where is MosaicML headquartered? | MosaicML is headquartered in San Francisco, CA, United States. |
| Is MosaicML publicly listed? | No, MosaicML was acquired by Databricks in June 2023. |
| Who acquired MosaicML? | MosaicML was acquired by Databricks in June 2023. |
| How much was MosaicML acquired for? | MosaicML was acquired for $1.3B in June 2023, a 65.0x revenue multiple. |
| What is MosaicML's valuation? | MosaicML was last valued at $222M in its undisclosed-stage round in October 2021. |
| How much funding has MosaicML raised? | MosaicML has raised $37M across 1 funding round. |
| What was MosaicML's last funding round? | MosaicML's last funding round was a $37M undisclosed-stage round in October 2021. |
| Who are MosaicML's investors? | MosaicML's investors include E14 Fund, Future Ventures, Lux Capital, AME Cloud Ventures, Playground Global, DCVC and Correlation Ventures. |
| Which companies are comparable to MosaicML? | Companies comparable to MosaicML include AppZen, Deepgram, Lila Sciences, Fractal Analytics, Goodfire and PCITECH. |
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