Cloud data platform Snowflake has announced plans to acquire Crunchy Data, a 13-year-old company specializing in enterprise-grade PostgreSQL solutions, for approximately $250 million. Crunchy Data works with clients such as UPS, SAS, Moneytree, and the U.S. Department of Homeland Security, offering tools that simplify building and managing PostgreSQL environments.
This acquisition mirrors a broader industry trend, with major players like Salesforce, Alation, ServiceNow, and Databricks (which recently acquired Neon for $1 billion) investing in database startups to strengthen their AI and data-management capabilities.
Source: Snowflake to acquire database startup Crunchy Data | TechCrunch
