Databricks reportedly paid $2 billion in Tabular acquisition: https://t.co/WHWGxZZ7yG by TechCrunch #infosec #cybersecurity #technology #news
Databricks reportedly paid $2 billion in Tabular acquisition: Analytics and AI giant Databricks reportedly paid nearly $2 billion when it acquired Tabular in June, a startup that was only doing $1 million in annual recurring revenue,… https://t.co/i2Cx3UMbb9 #AI #AInews #AItips
Databricks reportedly paid $2 billion in Tabular acquisition https://t.co/vBotlDnEF0

Databricks has reportedly paid nearly $2 billion to acquire Tabular, a startup with just $1 million in annual recurring revenue. This acquisition highlights the fierce competition between Databricks and Snowflake as they vie for dominance in the data and AI industry. The rivalry is marked by secret codenames, aggressive marketing strategies, and significant sales incentives. The acquisition of Tabular is part of Databricks' strategy to enhance its capabilities in organizing AI data, a field where both companies are striving to outpace each other and fend off competition from tech giants like Microsoft.
