Overview

• Snowflake agreed on June 2 to buy Crunchy Data for approximately $250 million to strengthen its cloud-based PostgreSQL offerings.
• Crunchy Data’s platform adds security and performance enhancements to the open-source database and generates over $30 million in annualized revenue.
• Early access to the integrated PostgreSQL service is expected soon, aiming to streamline data ingestion and querying across Snowflake’s data cloud.
• Crunchy Data counts Kyndryl, Thales, UPS and the U.S. Department of Homeland Security among its customers.
• Snowflake shares have risen about 36% this year as the company expands its AI and analytics footprint in a market where Databricks is acquiring Neon for around $1 billion.