Data Startup Fivetran In Talks to Buy Dbt Labs in Multibillion Dollar Deal

Fivetran, a startup used by companies to manage and prepare data for analytics and artificial intelligence, is in talks to buy data management company dbt Labs, according to people with direct knowledge of the deal.

The deal would combine two data companies that are facing competition from artificial intelligence. Fivetran and dbt Labs have complementary offerings and the deal could give them the scale to compete in a fast-changing market and potentially carry out an initial public offering.