M&A Deal Summary

lakeFS Acquires DVC

On November 18, 2025, lakeFS acquired software company DVC from Iterative

Acquisition Highlights
  • This is lakeFS’s 1st transaction in the Software sector.
  • This is lakeFS’s 1st transaction in the United States.
  • This is lakeFS’s 1st transaction in California.

M&A Deal Summary

Date 2025-11-18
Target DVC
Sector Software
Buyer(s) lakeFS
Sellers(s) Iterative
Deal Type Divestiture

Target

DVC

San Francisco, California, United States
DVC is an open-source version control tool designed for data science and machine learning workflows, enabling tracking of datasets, models, experiments, and pipelines with a Git-like experience. DVC is based in San Francisco, California.

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Buyer(S) 1

Buyer

lakeFS

Santa Monica, California, United States

Category Company
Founded 2020
Sector Software
DESCRIPTION

lakeFS is an open-source data version control system that enables organisations to manage data lakes with Git-like operations such as branching, committing, merging and rolling back across object storage platforms. lakeFS was founded in 2020 and is headquartered in Santa Monica, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

Iterative

San Francisco, California, United States

Category Company
Founded 2018
Sector Software
DESCRIPTION

Iterative develops data-science and machine-learning developer tools, including open-source frameworks such as DVC (Data Version Control) and CML (Continuous Machine Learning), aimed at helping teams manage datasets, models, pipelines and the ML lifecycle. Iterative was founded in 2018 and is based in San Francisco, California.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1