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

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Sep 28, 2025

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 is weeks away from completion, the people said, and the acquisition could still fall apart.

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

By Valida Pau, Katie Roof and Kevin McLaughlin

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