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3w ago

Snowflake to Acquire Crunchy Data for $250 Million to Add Enterprise PostgreSQL

The acquisition will integrate Crunchy Data’s secure Postgres technology into Snowflake’s AI Data Cloud pending regulatory approval.

Snowflake CEO Sridhar Ramaswamy
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Overview

  • Snowflake announced on June 2 that it agreed to acquire Charleston-based Crunchy Data for roughly $250 million.
  • Crunchy Data provides managed PostgreSQL solutions with enhanced security and compliance tailored to federal agencies and financial institutions.
  • The integration will underpin Snowflake Postgres in private preview, enabling customers to provision and query Postgres databases within the AI Data Cloud.
  • This deal follows Databricks’ $1 billion purchase of Neon and Salesforce’s acquisition of Informatica, highlighting a wave of consolidation in the data and AI sector.
  • CEO Sridhar Ramaswamy said the current market environment favors strategic startup acquisitions and signaled that Snowflake remains open to further deals.