'Databricks Acquires Data-optimization Startup Tabular In Fresh Challenge To Snowflake' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Databricks is acquiring data-optimization startup Tabular, which specializes in the Apache Iceberg format, for an estimated $1-2 billion. This move is seen as a direct challenge to Snowflake, which has also made Iceberg-related announcements. The acquisition aims to enhance Databricks' product offerings and competitiveness against Snowflake.
June 04, 2024 | 4:12 pm
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Snowflake may face increased competition from Databricks following its acquisition of Tabular, a startup specializing in the Apache Iceberg format. This could impact Snowflake's market share and revenue from storage services.
Databricks' acquisition of Tabular, which specializes in the Apache Iceberg format, directly challenges Snowflake's offerings. This could lead to increased competition and potential loss of market share for Snowflake.
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