Databricks Acquires Tabular to Advance Lakehouse Interoperability
June 4, 2024
Databricks has agreed to acquire Tabular, the data management startup founded by the original creators of Apache Iceberg, in a deal reported to be for over $1 billion. The acquisition brings Iceberg expertise into Databricks to accelerate interoperability between Delta Lake and Iceberg (via Delta Lake UniForm) and strengthen Databricks' open lakehouse strategy; the deal is expected to close in Databricks' second fiscal quarter subject to customary conditions.
- Buyers
- Databricks
- Targets
- Tabular
- Industry
- Data & Analytics
- Location
- California, United States
- Transaction Type
- Buyout
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