Databricks interrupted Snowflake’s conference to announce the acquisition of a startup that can help companies prepare data for more cost-effective…
Databricks is buying Tabular, a small startup that helps companies optimize data they store in the cloud with the Apache Iceberg format.
The news comes in the middle of Snowflake's Summit, where the publicly held company made its own Iceberg-related announcement.Sign up for NBC San Diego newsletters.of database replication startup Arcion and artificial intelligence efficiency startup MosaicML for $100 million and $1.3 billion, respectively. In September, Databricks said it had raised new funding at aThe costs of running queries before exploring and making charts with data can add up.
"Net-net, we think it's going to be a positive," Mike Scarpelli, Snowflake's finance chief, said at a Morgan Stanley event in March. At its Summit conference in San Francisco on Monday, Snowflakethat within 90 days it would release open-source catalog software for finding Iceberg tables. Tabular was among the exhibiting partners at the conference.
Databricks has promoted its own open-source initiative called Delta Lake. Focusing more on Iceberg tables might allow Databricks to take business from Snowflake clients that embrace the format. Tabular was established in 2021 and has raised over $30 million in funding, including from Altimeter Capital, Andreessen Horowitz and Zetta Venture Partners.
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