Tabular, a leading data platform provider built on Apache Iceberg, has successfully secured $26M in a recent funding round. This influx of capital has increased the company’s total investment to $37M.
Major Investors and Funding Details
The funding round was spearheaded by Altimeter Capital. Notable participants included Andreessen Horowitz, who led the company’s previous funding round, and Zetta Venture Partners.
Expansion Plans and New Features
With the new funds, Tabular aims to broaden its market reach beyond AWS, targeting platforms like Google Cloud, Azure, and MinIO object storage. The company has also unveiled a preview of its platform on Google Cloud. This move will enable Tabular customers to integrate managed Iceberg into their Google tech stack, supporting both Google Cloud Storage and Google BigQuery. Additionally, Tabular has introduced support for Amazon Athena, a widely-used serverless query engine, complementing its existing support for Amazon EMR, Snowflake, and Starburst compute engines.
Growth and Clientele
Since its inception in March 2023, Tabular’s SaaS offering has witnessed a significant surge, boasting over a thousand subscriptions. Its clientele includes a prominent real estate marketplace and one of the globe’s most extensive gaming studios.
Addressing the Data Lock-In Challenge
Historically, businesses were confined to purchasing monolithic databases, which limited innovation and escalated costs. Apache Iceberg, developed by Tabular’s Co-Founders at Netflix, offers a solution by providing a comprehensive database functionality atop a cloud object store. This open-source table format has garnered support from industry giants like AWS, Google, IBM, and Snowflake.
Tabular’s Unique Approach
In 2021, Tabular’s founders aimed to bifurcate the database, establishing an open standard storage layer compatible with any compute engine. This strategy liberates data, ensuring high performance and user-friendliness. Tabular stands out as the sole independent Iceberg vendor, not providing its own compute layer, granting customers the flexibility to choose their preferred query engines.
Key Features of Tabular’s Service
- Compute-neutrality: Supports multiple compute engines or frameworks.
- Data-layer security: Centralized Role-Based Access Control (RBAC) at various levels.
- Integrated ingestion: Enables near-real-time data loading.
- Automated performance: Optimizes storage for faster queries at reduced costs.
- SaaS simplicity: Quick deployment and auto-scaling capabilities.
Recognition and Accolades
Over the past year, Tabular has been acknowledged for its innovative product and vision, receiving accolades like The Information’s 50 Most Promising Startups, the Forbes Cloud 100, and the Redpoint Ventures InfraRed 100.
Tabular, with its independent approach, is revolutionizing the data industry. By providing a “headless data warehouse,” the company is setting new industry standards, promising a brighter future for data engineers and scientists.
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