Fivetran Acquires Tobiko Data to Boost AI-Ready Data Transformation
Acquisition brings superior, multi-engine transformation and open supply innovation into Fivetran’s ruled platform, serving to organizations put together and activate trusted knowledge for AI
Fivetran, the worldwide chief in automated knowledge motion, at the moment introduced it has acquired Tobiko Data, the open supply transformation firm behind SQLMesh and SQLGlot. With the acquisition, Fivetran strengthens its place as the one totally managed, end-to-end platform that mixes knowledge motion, transformation, and activation – making it simpler for purchasers to ship ruled, AI-ready knowledge with pace and scale.
Tobiko Data’s expertise was constructed for contemporary, production-grade environments the place pace, adaptability, and effectivity are important. Its clever transformation engine eliminates pointless runs, enabling groups to take a look at, validate, and deploy updates sooner whereas reducing compute prices. Built-in improvement environments and semantic SQL understanding additional cut back overhead, enhance reliability, and unlock time and price financial savings.
“Our clients are underneath strain to ship trusted knowledge sooner, throughout extra groups, and into extra environments,” stated George Fraser, CEO of Fivetran. “With Tobiko Data, we’re increasing our transformation capabilities to meet that demand – and doing it with an open basis that encourages transparency, innovation, and interoperability.”
“We constructed Tobiko Data to make knowledge transformation extra collaborative, clear, and predictable,” stated Tyson Mao, co-founder of Tobiko Data. “By becoming a member of forces with Fivetran, we will scale these capabilities globally and assist clients flip transformation right into a energy.”
This marks Fivetran’s second acquisition of the 12 months, following its acquisition of Census to broaden into reverse ETL. Last 12 months, Fivetran surpassed $300 million in annual recurring income, expanded its Connector SDK to assist builders construct high-quality manufacturing connectors, and launched Hybrid Deployment to assist pipelines throughout non-public cloud and on-premises environments. Fivetran additionally expanded its Managed Data Lake Service to assist Amazon S3, Azure Data Lake Storage, Microsoft OneLake and Fabric, and Google Cloud Storage. The service integrates with all main knowledge catalogs and helps open desk codecs like Iceberg, serving to enterprises construct ruled, AI-ready knowledge lakes at scale.
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