MongoDB Buys Voyage AI for $220 Million to Bolster AI Search

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 ...