Snowflake to acquire crunchy data to start the database

The increase in the acquisitions of the datab company continued on Monday, with the purchase of Snowflake for crunchy data.

Snowflake has announced the cloud data platform that it is intended to obtain it Provide dataPostgres Datab partner, late this afternoon. A source familiar with the issue estimated that the deal is worth about $ 250 million.

The terms have not been revealed. Snowflake refused to comment on the evaluation of the deal.

It is the latest in a series of technology giants who buy startups to support the basic databases offers that operate artificial intelligence agents. Last week, Salesforce got decades of time informatica To fortify its data management tools for artificial intelligence agents. A few weeks ago, Acquired numbers To give its customers the ability to access artificial intelligence agents who can work above the data organized. Earlier this month, SERVICENOOW acquired data.world With artificial intelligence factors in mind.

Data Crunchy gives the companies they need to build using postgres, an open source database management system and popular bases of developers and work well with the SQL database language. The 13 -year -old company works with customers including UPS, SAS and Moneytree, among other things, as well as public sector organizations such as the US Department of Internal Security.

The Snowflake acquisition will give the basic technology to launch Snowflake Postgres, the Postgresql Data Base at the Foundation level for its customers, partners including Blue Yonder and Landingai. This deal also enhances the Snowflake database offers in the era of artificial intelligence agents.

This technology will be available in the special inspection.

“Our vision is to provide the most trusted and inclusive data in the world and the artificial intelligence platform of our customers,” Vivek Raghunathan, SVP of Engineering at Snouflake, said in a press release of Techcrunch. “Today’s announcement of our proposed acquisition of crunchy data represents another reason that makes Snowflake the final destination for all institutions of institutions and artificial intelligence needs. We are dealing with the opportunity of the huge market of $ 350 billion and a real need for our post -cloud customers to Cloud Data Cloud AI.”

In 2024, Snowflake has launched new connectors For snowflake clients to posgresql and MySQL. Now, this offer is increasing. Snow is also Datavolo data management company last year.