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Schridhar Ramoski, CEO of Snowflake, performs at the Semafor World Economy summit in Washington on April 25, 2025.
Tasos Katopodis | Semafor | Gets the image
Manufacturer of Analytics Data Analytics software Snowflake Having said on Monday that he agreed to buy crunchy data, a startup that offers cloud database software. Snowflakes will pay about $ 250 million, according to a person who is familiar with this question that was not authorized to talk publicly about the deal.
Crunchy Data sells access to a cloud version of the PostgreSQL database with open source that replaced MySQL as the most popular database in stack overflow Annual Developer Survey In 2023, the Crunchy Data service includes an increase in safety and performance compared to an open source standard code.
Rival about 1 billion dollars. The snowflake also considered the purchase of Neon last year, but went away, according to another person who added that crunchy data bring more than $ 30 million in annual income.
Neon did not immediately respond to a comment request.
Both databases and snowflakes count on their deals that will help them benefit from corporate costs to provide artificial intelligence that perform the tasks on their own.
From the crisp statement. According to Christian Kleinerman, the Executive Vice -President for Snowflake products, it is planned to simplify the process of moving data in a snowflake with a new service so that customers can easily start requests for greater delivery, according to Christian Kleinerman.
This year, snowflakes increased about 36%. In May, Stifel’s analysts were compared to the highest level of Gololist Scottie, saying that Snowflake put “Shafler as a quarter and guide”, surpassing a 25% increase in income per year. STIFEL has a shopping rate on the Snowflake stock.
“We help our customers create a solid foundation for the Agentic AI Age,” said analysts CEO Schridhar Ramoski at the conference in May. “We continue this impetus and you will see even more from us in a few weeks.”
Crown data were founded in 2012 and are in Charleston, South Carolina, with about 100 employees. Investors include Alsop Louie Partners, Grey Ventures, Harbert Corte Partners and Haighbit. Customers include kyndryl, thales, By and the US Department of Security. A
See: Snowflakes divides Spike more than 7% on the quarterly bit
