Snowflake to buy database startup Crunchy Data for about $250 million
Summary
Snowflake agreed to acquire Crunchy Data for about $250 million. Crunchy Data sells a cloud-hosted PostgreSQL database service with security and performance enhancements. Snowflake plans to use the deal to add an early-access PostgreSQL database service and make data movement into Snowflake easier. The move strengthens Snowflake’s position in the agentic AI market and follows a similar PostgreSQL-focused acquisition move by Databricks.
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industries
HealthTech
applications
Business Intelligence
AskAI Classifications
Labels
Database Software
Cloud Data Services
Open Source Software
Linked Companies
Crunchy Data
$10M to $25M
Snowflake
$1B+