Snowflake announced its acquisition of Crunchy Data for approximately $250 million, adding Postgres database capabilities to enhance its cloud platform. This purchase aligns with a trend where tech giants are acquiring data startups to support their AI infrastructure. Crunchy Data, which has significant clients like UPS and the U.S. Department of Homeland Security, will help Snowflake expand its offerings with a new enterprise PostgreSQL database called Snowflake Postgres. This strategic move aims to fortify Snowflake's market position and meet growing enterprise data and AI needs.
Snowflake's acquisition of Crunchy Data aims to enhance its database offerings, establishing Snowflake Postgres for enterprise needs and aligning with AI agent capabilities.
Vivek Raghunathan, SVP of engineering at Snowflake, stated that the acquisition supports the company's vision to create a trusted data and AI platform.
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