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 acquisition price

$1.3B

Acquired by Databricks · Jun 2023

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

MosaicML Overview

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

United StatesSan Francisco, CA

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.

MosaicML acquisition details
AcquirerDateTypePriceEV/Revenue
26 Jun 2023Strategic M&A$1.3B65.0x

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

MosaicML valuation by funding round
DateStageValuation
Oct 2021Undisclosed stage$222M

MosaicML Funding History

MosaicML has raised a total of $37M across 1 funding round.

MosaicML funding rounds

MosaicML funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2021Undisclosed stageE14 Fund; Future Ventures; Lux Capital; AME Cloud Ventures; Playground Global; DCVC; Correlation Ventures$37M$222MMosaicML 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

Investors in MosaicML by funding rounds participated
InvestorHQRoundsRoleFirst check
E14 FundUnited StatesUnited States1ParticipantOct 2021
Future VenturesUnited StatesSan Francisco, CA1ParticipantOct 2021
Lux CapitalUnited StatesNew York City, NY1ParticipantOct 2021
AME Cloud VenturesUnited StatesSan Francisco, CA1ParticipantOct 2021
Playground GlobalUnited StatesSan Francisco, CA1ParticipantOct 2021

This data is available for Pro users. Sign up to see all 7 MosaicML investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

MosaicML Competitors

MosaicML competitors include listed companies like Fractal Analytics and PCITECH, and private ones like AppZen, Deepgram, Lila Sciences and Goodfire.

Public and private companies comparable to MosaicML
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AppZenUnited StatesSan Jose, CAPrivate--$1.3B-
DeepgramUnited StatesUnited StatesPrivate$240M-$1.3B-
Lila SciencesUnited StatesUnited StatesPrivate$75M-$1.3B17.3x
Fractal AnalyticsIndiaIndiaPublicly listed$344M$50M$1.3B3.4x
GoodfireUnited StatesSan Francisco, CAPrivate$10M-$1.3B125.0x
PCITECHChinaChinaPublicly listed$1.5B$53M$1.4B0.9x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Fractal Analytics$344M$50M3.7x3.4x25.8x21.0x
PCITECH$1.5B$53M0.8x0.9x24.1x-
Appier Group$281M$44M3.4x2.9x21.6x15.7x
Rackspace$2.7B$244M1.5x1.6x17.1x15.0x
Rezolve AI$47M($109M)23.3x4.0x(10.0x)(19.3x)
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Beijing CTJ Info Tech$123M$13M5.3x4.9x51.3x34.6x
Wenge AI$60M($20M)27.6x-(82.7x)-

This data is available for Pro users. Sign up to see all MosaicML competitors and their valuation data.

Start Free Trial

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.

See companies similar to MosaicML

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial