California-based Tabular, an independent data platform built by the creators of Apache Iceberg, today announced $26 million in a fresh round of funding.
The company said it plans to use the capital to grow its offering and end ‘data lock-in’ by giving enterprises the option to evolve their architecture as needs change and new technologies emerge.
The round has been led by Altimeter Capital, with participation from existing investor Andreessen Horowitz (a16z) as well as Zetta Venture Partners. It takes the total capital raised by Tabular to $37 million and comes as the data ecosystem continues to see massive consolidation, leaving a handful of “full-stack” vendors delivering closed data platforms with tightly coupled storage and compute layers.
The trend risks rent-seeking behavior that drives up costs and negatively impacts enterprises by stifling innovation.
How does Tabular help?
Back in 2015, Netflix engineers Daniel Weeks and Ryan Blue created the Iceberg ...
Copyright of this story solely belongs to venturebeat . To see the full text click HERE