Fivetran and dbt Labs have announced a transformative merger that unites two of the most influential players in the modern data ecosystem. Together, they aim to establish a single open, automated data foundation for enterprises in the era of AI.

The combined company brings together Fivetran’s industry-leading data movement and pipeline automation with dbt’s market-defining transformation and semantic modeling capabilities. The result: a unified, open data infrastructure that empowers organizations to integrate, model, and activate trusted data faster all while maintaining flexibility, interoperability, and governance.

With nearly $600 million in combined annual recurring revenue and a global customer base spanning thousands of enterprises, this merger marks a defining moment for how data is prepared and delivered to power analytics, decision-making, and generative AI.