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Snowflake to buy database startup Crunchy Data for about $250 million
- Snowflake has agreed to buy Crunchy Data, a startup that offers cloud-based database software, for about $250 million.
- Crunchy Data provides access to a cloud-hosted version of the PostgreSQL open-source database, which is now the most popular database according to Stack Overflow's 2023 developer survey.
- This acquisition will enable Snowflake to launch Snowflake Postgres, an enterprise-grade PostgreSQL database for its customers.
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Snowflake CEO says environment for deals is good as VC-backed startups look for exits
As Snowflake announced the acquisition of Crunchy Data for a reported $250 million, CEO Sridhar Ramaswamy shared his thought on the current environment for deals in an interview with Fortune.
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Snowflake acquires database startup Crunchy Data for $250M to rival Databricks in AI push - Tech Startups
Snowflake has acquired Crunchy Data, a cloud database startup specializing in PostgreSQL, in a deal valued at approximately $250 million, the data analytics software maker confirmed in a statement on Monday. The acquisition underscores Snowflake’s push to expand its database […] The post Snowflake acquires database startup Crunchy Data for $250M to rival Databricks in AI push first appeared on Tech Startups.
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