Database company MongoDB Inc. said it’s acquiring Voyage AI for $220 million in a cash-and-stock deal to fast-track its ability to help its customers build artificial intelligence-powered applications. Through the deal, New York-based MongoDB aims to integrate Voyage’s retrieval tools for higher-quality AI outputs with real-time operational data for businesses, allowing its customers to develop AI applications more easily and deploy them for higher-stakes uses. MongoDB helps manage data and develop applications for Google-parent Alphabet Inc., Microsoft Corp., Alteryx Inc., Amazon.com Inc., Deloitte LLP and International Business Machines Corp. “What we are doing with this acquisition, joining forces, is to help customers reduce their risk of hallucination, so that they can really trust the output of these applications,” MongoDB Chief Executive Officer Dev Ittycheria said in an interview.Palo Alto, California-based Voyage AI, a startup founded in 2023 by Stanford University professor Tengyu Ma, focuses on building so-called embedding and re-ranking models, technical tools that help artificial intelligence retrieve the right information — including from unstructured formats such as text, image, video or audio files — before generating a response. Anthropic PBC, LangChain Inc., Harvey.AI and Replit Inc. use Voyage models, the company said in a statement reviewed by Bloomberg News.

Full report : MongoDB buys Voyage AI for $220 million and plans to integrate Voyage’s retrieval tools for higher-quality AI outputs with real-time operational data for businesses.