Total amount raised
$37 Millions
Latest funding date
9/1/2023
Location
Tabular has successfully raised significant funding over multiple rounds, with its latest being a Series B round in September 2023. The platform is designed to offer a robust data automation solution powered by Apache Iceberg, providing features like serverless storage, centralized security, and integrated ingestion.
Keep reading to delve into the details of Tabular's funding journey and the key investors who have backed this innovative platform.
What Is Tabular?
Founded in July 2021, Tabular is based in San Jose, California. The company was established by Daniel Weeks, Jason Reid, and Ryan Blue. With a team of 11-50 employees, Tabular focuses on building an independent data automation platform powered by Apache Iceberg.
How Much Funding Has Tabular Raised?
- Series A
- Amount Raised: $11M
- Date: August 2021
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their independent data automation platform powered by Apache Iceberg.
- Series B
- Amount Raised: $26M
- Date: September 2023
- Lead Investors: Altimeter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's market beyond AWS to include Google Cloud, Azure, and MinIO object storage for on-premises and hybrid cloud deployment.
Tabular has raised a total of $37M in funding. The current valuation is not publicly disclosed.
Key Investors
- Altimeter Capital
- Details: Altimeter Capital is a venture capital and private equity firm that invests in technology companies. They led Tabular's latest $26 million funding round.
- Investment Focus Areas: Technology, software, cloud computing.
- Notable Investments: Snowflake, Unity, Roblox.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm that invests in both early-stage startups and established growth companies. They led Tabular's Series A funding round.
- Investment Focus Areas: Software, consumer, enterprise, bio/healthcare, fintech.
- Notable Investments: Facebook, Airbnb, Slack.
- Zetta Venture Partners
- Details: Zetta Venture Partners is a venture capital firm specializing in early-stage investments in AI and data-driven startups. They participated in Tabular's latest funding round.
- Investment Focus Areas: AI, data analytics, enterprise software.
- Notable Investments: Tractable, InfluxData, Clearbit.
What's Next for Tabular?
Tabular's future looks promising as it expands its services to Google Cloud and adds support for Amazon Athena. This move opens up significant opportunities, allowing the company to serve a broader market beyond AWS, including Azure and MinIO object storage for on-premises and hybrid cloud deployment. With over a thousand subscriptions since its launch, the potential for growth is substantial.
Given the rapid expansion and market interest, future fundraising rounds seem likely to support further development and scaling. However, Tabular will face challenges such as competition from established full-stack vendors and ensuring seamless integration across multiple cloud platforms. Maintaining high performance and robust security will be crucial as the company scales.
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