[Elastic Agrees to Acquire AI-Driven Software Vulnerability Detection and Repair Company Deductive for Up to $85 Million] BlockBeats News, June 19, according to TechCrunch citing an informed source, the startup Deductive, which uses artificial intelligence to identify and fix software vulnerabilities, has agreed to be acquired by enterprise software company Elastic for a deal worth up to $85 million. Deductive was founded in 2023 and made its public debut last November, when it announced the completion of a $7.5 million seed funding round led by CRV, with participation from Databricks Ventures, Thomvest Ventures, and PrimeSet. According to PitchBook data, this round of funding valued the company at $33 million. Both Elastic and Deductive have not responded to multiple requests for comment. Click the link below to access the original article and join the Beating · Feishu AI News Channel for 24/7 global AI news and updates. [Original Link]