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Source: Elastic agrees to buy CRV-backed DeductiveAI for up to $85M
Key takeaways
- Deductive AI, a startup that uses AI to catch and resolve bugs in software, has agreed to be sold to enterprise software company Elastic for up to $85 million, according to a person with knowledge of the deal.
- Deductive, which was founded in 2023, came out stealth last November when it announced a $7.5 million seed round led by CRV with participation from Databricks Ventures, Thomvest Ventures, and Prime Set.
- Elastic and Deductive did not respond to multiple requests for comment.
Why this matters: a development in AI with implications for how people work, create, and decide.
Deductive AI, a startup that uses AI to catch and resolve bugs in software, has agreed to be sold to enterprise software company Elastic for up to $85 million, according to a person with knowledge of the deal.
Deductive, which was founded in 2023, came out stealth last November when it announced a $7.5 million seed round led by CRV with participation from Databricks Ventures, Thomvest Ventures, and Prime Set. The investment valued the startup at $33 million, according to Pitch Book.
Elastic and Deductive did not respond to multiple requests for comment. TechCrunch will update this article if either company responds.
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