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.