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Snowflake to Acquire Crunchy Data to Strengthen AI Agent Business
SnowflakeSnowflake(US:SNOW) PYMNTS.comยท2025-06-03 00:26

Core Insights - Snowflake plans to acquire Crunchy Data to enhance its capabilities in building and deploying AI agents and applications [1] - The acquisition will integrate Crunchy Data's open-source Postgres technology into Snowflake's AI Data Cloud [1][2] - The deal is subject to regulatory approvals and customary closing conditions [1] Company Developments - The acquisition will introduce a PostgreSQL database called Snowflake Postgres to the AI Data Cloud, which is widely used by developers [2] - Snowflake Postgres aims to improve operational efficiency and speed for users of PostgreSQL [3] - The market opportunity for this integration is estimated at $350 billion, addressing customer needs for Postgres within the Snowflake platform [3] Strategic Partnerships - Crunchy Data is recognized for its security and compliance, making it a trusted partner for organizations in regulated industries [4] - The collaboration is expected to enhance the ability of Snowflake's customers to run mission-critical workloads with increased security [4] Industry Context - Snowflake is establishing a new AI hub in Silicon Valley to support developers and startups in AI initiatives [5] - Databricks is also expanding its AI capabilities by acquiring Neon, a database startup designed for developer workflows [5]