Snowflake has announced its intention to acquire Crunchy Data, a provider of open-source Postgres solutions, to integrate its capabilities into Snowflake's AI Data Cloud service. This acquisition aims to address the increasing demand for secure enterprise-grade Postgres solutions. Snowflake acknowledges the potential for enhanced security and governance, promising improved developer productivity. The acquisition is seen as a strategic move to support customers in regulated industries, further establishing Snowflake as a go-to platform for enterprise data and AI needs.
"Our vision is to deliver the world's most trusted and comprehensive data and AI platform to our customers," said Vivek Raghunathan, SVP of Engineering at Snowflake.
"We built Crunchy Data with the vision to become a Postgres solution of choice for leading enterprise organisations," said Paul Laurence, Co-Founder at Crunchy Data.
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