Must Read
Data analytics software maker Databricks plans to acquire data-management company Tabular for $1B to $2B. Tabular provides data management tools based on Apache Iceberg, an open-source data storage method developed at Netflix.
Key points:
Iceberg competes with Databricks' Delta Lake open format in the data lakehouse architecture space.
While the two have been largely incompatible, Databricks plans to merge Delta Lake and Iceberg into a unified standard.
Merging the two leading open-source Lakehouse standards will provide customers with more options and fewer incompatibilities, Databricks said.
Tabular founders Ryan Blue, Daniel Weeks, and Jason Reid will join Databricks. The three formerly worked at Netflix and co-founded Tabular in 2021.
Background;
Databricks and rival Snowflake aid companies in managing and storing data, which is crucial for AI/ML workloads.
Nearly three-quarters of organizations have a data lakehouse, according to MIT Tech Review
