Tabular Acquisition, Valuation, Funding & Investors

Tabular was acquired by Databricks for $2B in June 2024.

Tabular acquisition price

$2B

Acquired by Databricks · Jun 2024

Tabular revenue at acquisition

$1M

Last twelve months · Jun 2024

Cumulative funding Tabular raised

$37M

across 2 funding rounds

Key investors in Tabular

  • Andreessen Horowitz
  • Altimeter Capital
  • Zetta Venture Partners
  • Chris Riccomini

Tabular Overview

About Tabular

Tabular is a data automation platform built on Apache Iceberg for independent data management across cloud environments. The platform supports multiple clouds, including AWS, Google Cloud, Azure, and MinIO, for on-premises and hybrid deployments, giving customers multi-cloud data infrastructure without being tied to a single vendor. Since launch, Tabular has grown to more than a thousand subscriptions.


Founded

2021

HQ

United StatesSan Jose, CA

Website

tabular.io

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$1M (Jun 2024)

Valuation

$2B (acquired Jun 2024)

Tabular Acquisition

Tabular was acquired by Databricks for $2B on 4 June 2024.

Before the acquisition Tabular had raised $37M across 2 funding rounds.

Tabular acquisition details
AcquirerDateTypePriceEV/Revenue
4 Jun 2024PE buyout$2B2000.0x

Tabular Funding History

Tabular has raised a total of $37M across 2 funding rounds.

Tabular's first fundraising round was a $11M Series A in August 2021. The most recent completed round was a $26M Series B in September 2023.

Tabular funding rounds

Tabular funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2023Series BAltimeter Capital (lead); Zetta Venture Partners; Andreessen Horowitz$26MTabular is a data automation platform powered by Apache Iceberg, enabling independent data management across cloud environments. The company raised $11 million in a Series A round in August 2021 led by Andreessen Horowitz to develop and launch its platform. In September 2023, Tabular completed a $26 million Series B round led by Altimeter Capital, with participation from other investors including Andreessen Horowitz and Zetta Venture Partners, to expand beyond AWS to support Google Cloud, Azure, and MinIO for on-premises and hybrid deployments. Altimeter Capital, a venture capital and private equity firm focused on technology, software, and cloud computing, led the Series B and has notable investments in companies like Snowflake, Unity, and Roblox. The round aligns with Altimeter's strategy in high-growth tech sectors. Tabular operates in a competitive data platform market, facing challenges from established full-stack vendors while needing to ensure seamless multi-cloud integration, high performance, and security as it scales.
Aug 2021Series AAndreessen Horowitz (lead); Chris Riccomini$11MTabular raised $11 million in its Series A funding round in August 2021, led by Andreessen Horowitz with participation from Chris Riccomini. The funds were intended to develop and launch its independent data automation platform powered by Apache Iceberg. Valuation was not publicly disclosed. Tabular subsequently raised $26 million in a Series B round in September 2023 led by Altimeter Capital to expand its platform beyond AWS to support Google Cloud, Azure, and MinIO object storage for on-premises and hybrid cloud deployments. The company has achieved over a thousand subscriptions since launch and continues to grow its multi-cloud capabilities, including support for Amazon Athena.

Who has invested in Tabular?

4 investors have backed Tabular across its funding rounds, including Andreessen Horowitz, Altimeter Capital, Zetta Venture Partners and Chris Riccomini.

Lead investors include Altimeter Capital and Andreessen Horowitz.


Tabular Investors

Investors in Tabular by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadAug 2021
Zetta Venture PartnersUnited StatesSan Francisco, CA1ParticipantSep 2023

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Tabular Competitors

Tabular competitors include listed companies like Business-intelligence and Transwarp, and private ones like Devo, Druva, Neo4j and Redis.

Public and private companies comparable to Tabular
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DevoUnited StatesUnited StatesPrivate--$2B-
DruvaUnited StatesSan Jose, CAPrivate$100M-$2B20.0x
Neo4jSwedenMalmoPrivate$200M-$2B10.0x
RedisUnited StatesSan Francisco, CAPrivate$35M-$2B-
Business-intelligenceChinaChinaPublicly listed$389M$54M$2B5.9x
TranswarpChinaChinaPublicly listed$67M($31M)$1.9B28.0x

Tabular Public Comps

Tabular is no longer listed, but its public comps include Business-intelligence, Transwarp, TRS Information Technology, Teradata, e-Hualu, Dameng Database, BTQ Technologies, Zhongfu Information, Datavault AI and Asteria.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Business-intelligence$389M$54M6.6x5.9x47.7x-
Transwarp$67M($31M)27.5x28.0x(59.8x)-
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Teradata$1.7B$285M1.4x1.5x8.4x5.3x
e-Hualu$69M($310M)24.1x-(5.4x)-
Dameng Database$195M$84M15.3x12.5x35.5x27.6x
BTQ Technologies$226K($18M)1720.6x266.9x(21.8x)-
Zhongfu Information$108M$1M3.4x2.7x359.0x-

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Common questions about Tabular

When was Tabular founded?Tabular was founded in 2021.
Where is Tabular headquartered?Tabular is headquartered in San Jose, CA, United States.
Is Tabular publicly listed?No, Tabular was acquired by Databricks in June 2024.
Who acquired Tabular?Tabular was acquired by Databricks in June 2024.
How much was Tabular acquired for?Tabular was acquired for $2B in June 2024.
How much funding has Tabular raised?Tabular has raised $37M across 2 funding rounds.
What was Tabular's last funding round?Tabular's last funding round was a $26M Series B in September 2023, led by Altimeter Capital.
Who are Tabular's investors?Tabular's investors include Andreessen Horowitz, Zetta Venture Partners, Altimeter Capital and Chris Riccomini.
Which companies are comparable to Tabular?Companies comparable to Tabular include Devo, Druva, Neo4j, Redis, Business-intelligence and Transwarp.

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