Databricks Acquires Tabular to Strengthen Data Management Capabilities
Databricks, a leader in the fields of data analytics and artificial intelligence, continues to expand its reach with a strategic acquisition. The company has announced the purchase of Tabular, a venture specializing in cloud data optimization. Databricks CEO, Ali Ghodsi, shared in a recent interview that the transaction exceeded a value of 1 billion dollars.

Databricks, a leader in the fields of data analytics and artificial intelligence, continues to expand its reach with a strategic acquisition. The company has announced the purchase of Tabular, a venture specializing in cloud data optimization. Databricks CEO, Ali Ghodsi, shared in a recent interview that the transaction exceeded a value of 1 billion dollars.
This acquisition is pivotal for Databricks as it aims to secure a competitive edge over major industry players like Snowflake. Sources close to the companies revealed that Snowflake had also placed a bid for Tabular, but Databricks emerged as the victor in this corporate tug-of-war.
Founded in 2021 in the United States by Daniel Weeks, Jason Reid, and Ryan Blue, Tabular has made a name for itself by offering an independent data automation platform. This platform supports large analytic data sets and is bolstered by the open-source standard Apache Iceberg, facilitating more efficient data management in cloud environments. It's also noteworthy that Tabular has attracted significant investments, amounting to 37 million dollars, from prominent investors including Andreessen Horowitz and Altimeter in its past.
Databricks has been on an acquisition spree, having previously integrated ventures like MosaicML, Arcion, and Lilac into its operations within the last year. Tabular marks the fourth acquisition by Databricks over the same period, underscoring its aggressive expansion and integration strategy in data management and analytics.
These developments are indicative of Databricks' positioning in the technology sector and its vision for the future of cloud-based data analytics. The series of strategic acquisitions not only enhances the company's capability to integrate new technologies but also aims to offer comprehensive solutions in the rapidly evolving data landscape. The market can expect Databricks to continue its expansion and possibly announce more acquisitions in the near future.