Onehouse secures $35M to advance open data lakehouse technology

by | Jun 26, 2024 | Technology

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Data lakehouse vendor Onehouse is looking to expand both its commercial and open source efforts to enable interoperable data lake technologies with new funding.

Today the company announced a $35 million Series B round of funding led by Craft Ventures that includes the participation of Addition and Greylock Partners. The goal of the funding is  to accelerate product development and market penetration. This latest round brings the company’s total funding to $68 million, following an initial seed round of $8 million and a $25 million Series A that was announced in Feb. 2023. Onehouse has its roots in the open source Apache Hudi technology which is an open data lake table format that was originally developed at ride sharing company Uber.

Apache Hudi is a competitive alternative to the open source Apache Iceberg and Delta Lake table formats, though the focus for Onehouse isn’t about competition but rather about interoperability. In Nov. 2023, Microsoft and Google joined Onehouse to back the OneTable open source data lake table format interoperability technology. That effort has since been moved to the Apache Software Foundation (ASF) and rebranded as Apache XTable.

With the new funding Onehouse will continue to contribute toward the development of XTable as well as advancing its Universal Data Lakehouse platform which provides an interoperable platform that enables organizations to use different table formats, data catalogs, query engines and cloud providers.

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Don’t miss OpenAI, Chevron, Nvidia, Kaiser Permanente, and Capital One leaders only at VentureBeat Transform 2024. Gain essential insights about GenAI and expand your network at this exclusive three day event. Learn More

Data lakehouse vendor Onehouse is looking to expand both its commercial and open source efforts to enable interoperable data lake technologies with new funding.

Today the company announced a $35 million Series B round of funding led by Craft Ventures that includes the participation of Addition and Greylock Partners. The goal of the funding is  to accelerate product development and market penetration. This latest round brings the company’s total funding to $68 million, following an initial seed round of $8 million and a $25 million Series A that was announced in Feb. 2023. Onehouse has its roots in the open source Apache Hudi technology which is an open data lake table format that was originally developed at ride sharing company Uber.

Apache Hudi is a competitive alternative to the open source Apache Iceberg and Delta Lake table formats, though the focus for Onehouse isn’t about competition but rather about interoperability. In Nov. 2023, Microsoft and Google joined Onehouse to back the OneTable open source data lake table format interoperability technology. That effort has since been moved to the Apache Software Foundation (ASF) and rebranded as Apache XTable.

With the new funding Onehouse will continue to contribute toward the development of XTable as well as advancing its Universal Data Lakehouse platform which provides an interoperable platform that enables organizations to use different table formats, data catalogs, query engines and cloud providers.

Countdown to VB Transform 2024

Join enterprise leaders in San Francisco from July 9 to 11 for our flagship AI event. Connect with peers, explore the opportunities …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

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