Databricks is a leading data and AI company that will acquire data management startup Tabular for  more than $1 billion. This investment is a plan to combine both leading companies to improve data  compatibility and technology while scaling up. Databrick is a California-based, data analytics platform  that uses various analytical and AI techniques. 

Databricks previously raised over $500 million In its funding round valuing the startup at $43 billion.  The funding was one of the biggest funding rounds for private tech startups. As both companies have  open-source formats they are coming together to provide more innovative solutions. Databricks is an independent open-source company by revenue, it has provided 12 million lines of code and  contributed to open-source projects. The companies aim to provide an independent storage platform  to its users. After this deal, both companies will have a profit, scale-up, increased technical skills, and  more innovative ideas. 

The company acquiring tabular shows the dedication of the company toward open data formats. The  deal ensures that the company controls its data and avoids vendor lock-in. The company plans to invest  in expanding after acquiring this data management startup. Databricks acquiring Tabular will help them  integrate technology and professionals from both companies. Databricks provides a platform that  combines both Artificial intelligence and Lakehouse to offer an open and unified foundation for all  data. Tabular offers data warehouse facilities including SQL behaviour for cloud object storage and  ACID transactions.  

The company aims to enhance its platform and enable companies to leverage Artificial Intelligence in  upgrading the platform. This step by Databrick is to strengthen its resources and position in the market  by offering more powerful data management and Artificial intelligence solutions to its customers.  Founded by Ryan Blue, Dan Weeks, and Jason Reid, Tabular addresses the shortcomings of data  infrastructure. The platform for Tabular was built by the original creators of Apache Iceberg.  

Conclusion: 

Databrick is acquiring a data management startup Tabular for $1 billion. The acquisition is to  strengthen the technology and help each other to create more innovative data and AI solutions.  Databrick previously raised over $500 million In its funding round valuing the startup at $43 billion.  The funding was one of the biggest funding rounds for private tech startups. Databrick is an independent open-source company by revenue, it has provided 12 million lines of code and  contributed to open-source projects.

The companies aim to provide an independent storage platform  to its users. The deal ensures that the company controls its data and avoids vendor lock-in. The  company plans to invest in expanding after acquiring this data management startup. Tabular offers  data warehouse facilities including SQL behaviour for cloud object storage and ACID transactions. The  company aims to enhance its platform and enable companies to leverage Artificial Intelligence in upgrading the platform. Databricks provides a platform that combines both Artificial intelligence and  Lakehouse to offer an open and unified foundation for all data.