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Announced

Databricks to acquire Tabular.

Synopsis

Databricks, the data and AI company, agreed to acquire Tabular, a data management company. Financial terms were not disclosed. “Databricks pioneered the lakehouse and over the past four years, the world has embraced the lakehouse architecture, combining the best of data warehouses and data lakes to help customers decrease TCO, embrace openness, and deliver on AI projects faster. Unfortunately, the lakehouse paradigm has been split between the two most popular formats: Delta Lake and Iceberg. Databricks and Tabular will work with the open-source community to bring the two formats closer to each other over time, increasing openness, and reducing silos and friction for customers,” said Ali Ghodsi, Co-founder and CEO at Databricks.

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