Elastic reportedly acquires site reliability engineering startup Deductive AI
Elastic NV has reportedly acquired Deductive AI Inc., a startup with a platform that helps enterprises fix errors in their technology infrastructure.
TechCrunch on Thursday cited a source as saying that the deal is worth up to $85 million. That’s reportedly more than double the valuation Deductive received after its seed round last year. The raise included the participation of Databricks Inc.’s venture capital arm, CRV and other prominent backers.
NYSE-listed Elastic develops a popular open-source search engine called Elasticsearch. The company monetizes the tool with paid cloud versions that enterprises use to embed search bars in their websites, detect cyberattacks and troubleshoot application errors. The Deductive acquisition will expand Elastic’s capabilities in the latter area.
Deductive describes its platform as an AI SRE, or site reliability engineer. An SRE is a technology professional tasked with optimizing the reliability of a company’s infrastructure and fixing outages. Deductive says that its platform troubleshoots malfunctions using the same tools as human SREs, including Elasticsearch.
