“With the closing of this acquisition, we’ll be introducing Snowflake Postgres: an enterprise-grade, AI-ready Postgres database, fully integrated into the Snowflake AI Data Cloud.” - Sridhar Ramaswamy, CEO of Snowflake.
At its annual Summit, Snowflake announced its intent to acquire Crunchy Data for an estimated $250 million. This acquisition is seemingly a strategic response to Databricks’ $1 billion purchase of Neon just weeks prior. Both deals center on PostgreSQL, the open-source database that now dominates the developer landscape, and give us an inkling of what they are aiming for: to own the infrastructure layer for the next generation of AI agents.
Crunchy Data, a Charleston-based startup with about 100 employees and over $30 million in annualized revenue, has quietly
Snowflake Undercuts Databricks with Crunchy Data Acquisition
- By Mukundan Sivaraj
- Published on
Snowflake announced its intent to acquire Crunchy Data for approximately $250 million.
