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Elastic to Acquire AI SRE Startup DeductiveAI for Up to $85M

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Elastic has agreed to acquire DeductiveAI, a startup offering an AI-powered Site Reliability Engineering (AI SRE) platform, for up to $85 million. The company behind Elasticsearch and the Elastic Search AI Platform (NYSE: ESTC) will fold in technology that automatically troubleshoots and resolves production incidents. DeductiveAI is backed by venture capital firm CRV, and the deal is valued at up to $85 million.

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