Databricks Acquires Tabular to Enhance Data Lakehouse and AI Capabilities
Databricks is acquiring data optimization startup Tabular for over $1 billion, aiming to enhance its cloud data optimization capabilities and compete with Snowflake. The acquisition follows Databricks' recent funding and other strategic purchases, positioning it to grow market share despite economic challenges affecting other tech firms. Tabular, known for its work with Apache Iceberg, will help Databricks offer more cost-effective data query solutions.