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2d ago

Snowflake to acquire Crunchy Data for $250 million to launch Snowflake Postgres

It integrates Crunchy Data’s PostgreSQL technology into Snowflake’s AI Data Cloud ahead of a private preview

Snowflake CEO Sridhar Ramaswamy
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Overview

  • Snowflake has agreed to buy Crunchy Data for about $250 million to bolster its database offerings for AI applications.
  • Crunchy Data, based in Charleston, South Carolina, generates over $30 million in annual revenue and offers a secured, performance-enhanced cloud-hosted PostgreSQL service.
  • The acquisition will underpin Snowflake Postgres, an enterprise-grade PostgreSQL database slated to enter private preview soon.
  • The deal follows Databricks’ $1 billion acquisition of Neon and reflects a wider industry rush to secure PostgreSQL infrastructure for AI agents.
  • Snowflake plans to integrate operational database capabilities into its AI Data Cloud, unifying transactional and analytical workloads for customers.