Snowflake announces its intent to buy observability platform Observe | TechCrunch
Summary
Snowflake announced it signed a definitive agreement to acquire observability platform Observe, subject to regulatory approval. Snowflake plans to integrate Observe's telemetry product into its platform to centralize logs, metrics, and traces and help customers spot and fix data and software issues faster. Terms were not disclosed, though reports value the deal around $1 billion; Observe has raised $316 million and was most recently valued at $750 million. The move fits a broader trend of data-industry consolidation as companies build out AI-related and telemetry capabilities.
Classifications
industries
HealthTech
applications
Time Accounting
AskAI Classifications
Labels
SaaS
Data Platform Software
Analytics Software
Linked Companies
Snowflake
$1B+
Observe, Inc.
$10M to $25M