Latest news with #Postgres
Yahoo
19 hours ago
- Business
- Yahoo
Snowflake's Smart $250 Million Acquisition
Snowflake is acquiring Postgres provider Crunchy Data for $250 million. The deal will bring the popular database software directly to Snowflake's platform. This follows a deal from competitor Databricks to acquire Neon, another Postgres provider. 10 stocks we like better than Snowflake › Snowflake's (NYSE: SNOW) data cloud enables enterprises to run analytics and artificial intelligence (AI) workloads across data that's been ingested from a variety of sources. While Snowflake customers have been able to ingest data from relational databases like Postgres via connectors, the platform lacks a native Postgres option. That changes with Snowflake's $250 million acquisition of Crunchy Data. Crunchy Data is an enterprise-focused Postgres provider, layering performance metrics, connection pooling, logging, and security features on top of the open-source database software. While anyone can spin up an instance of Postgres, enterprises have security, compliance, performance, and reliability requirements that must be met. There are likely two reasons why Snowflake is interested in an enterprise Postgres provider. First, Postgres is extremely popular and widely used. According to a Stack Overflow survey, Postgres is used by more than 50% of responding professional developers, beating out other open-source and proprietary database software by wide margins. An enterprise that's already a Snowflake customer will now have the option to migrate Postgres databases to Snowflake's platform and consolidate their data. For enterprises that aren't Snowflake customers, the platform could be more appealing now that Postgres is natively supported. Snowflake will leverage the Crunchy Data acquisition, which is expected to close imminently, to deliver Snowflake Postgres to its customers. The second likely reason for this acquisition is to keep up with a major competitor. Privately held Databricks, which offers a platform similar to Snowflake, acquired Postgres start-up Neon in May. Neon is a bit different from Crunchy Data. While Crunchy Data is a more traditional database provider, with managed and self-hosted deployments, Neon offers a serverless platform that decouples computing resources and storage. The rationales behind the two acquisitions are quite different. For Snowflake, the focus will be on enabling customers to consolidate data and applications, making it easier to run workloads on its platform, including AI workloads. For Databricks, the focus is on removing bottlenecks for AI agentic workloads. According to the press release announcing Neon acquisition, 80% of Neon databases are created automatically by AI agents rather than by developers. While Snowflake and Databricks are taking different paths to bringing Postgres into their respective platforms, both companies see the importance of offering the popular database software directly to their customers. Crunchy Data reportedly generates around $30 million in annualized revenue. That's a drop in the bucket for Snowflake, which generated more than $3.6 billion in revenue during fiscal 2025. This deal isn't going to move the needle right away. However, the launch of Snowflake Postgres could boost the company's growth rate as customers commit further to the platform. Snowflake is already growing rapidly, with product revenue up 26% year over year in the first quarter of fiscal 2026. The company's net revenue retention rate, which measures the growth of spending from existing customers, was also at a healthy 124%. The Crunchy Data deal could add to this momentum and help the company sustain its high growth rate during a time of economic uncertainty. Snowflake stock is expensive, trading for nearly 190 times the average analyst estimate for fiscal 2026 adjusted earnings per share. That's a reason to be cautious, but for investors with a long time horizon and the ability to handle some volatility, Snowflake's strong growth and smart acquisition strategy are hard to pass up. Before you buy stock in Snowflake, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Snowflake wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $657,385!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $842,015!* Now, it's worth noting Stock Advisor's total average return is 987% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Timothy Green has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Snowflake. The Motley Fool has a disclosure policy. Snowflake's Smart $250 Million Acquisition was originally published by The Motley Fool
Techday NZ
2 days ago
- Business
- Techday NZ
Snowflake to acquire Crunchy Data to enhance Postgres for AI
Snowflake has announced its intent to acquire Crunchy Data, a provider of open source Postgres technology and products, to bring a fully enterprise-ready PostgreSQL offering to its AI Data Cloud. The acquisition aims to deliver Snowflake Postgres, a database platform designed to enable developers with PostgreSQL compatibility while maintaining governance, security, and operational standards necessary for enterprise-grade and mission-critical AI applications. Businesses in a range of industries have shown growing demand for a secure, enterprise-ready PostgreSQL solution for their core applications. The proposed integration of Crunchy Data into Snowflake Postgres intends to address these needs, offering production-ready compatibility within environments such as those compliant with FedRAMP regulations. The popularity of PostgreSQL is reflected by its adoption rate, with 49% of developers reportedly using the database. Snowflake's new Postgres offering is expected to streamline how developers build, deploy, and scale AI agents and applications by leveraging Crunchy Data's existing technology, engineered for all stages of the enterprise workload lifecycle. Key features provided by Crunchy Data include access to essential performance metrics, scalable architecture, and a user-friendly interface, which Snowflake aims to bring to developers creating AI-driven enterprise applications within its platform. Organisations currently using PostgreSQL, including existing Snowflake partners such as Blue Yonder and LandingAI, are expected to benefit from accelerated development and operational efficiency as they adapt to the evolving use of AI agents in business processes. "Our vision is to deliver the world's most trusted and comprehensive data and AI platform to our customers. Today's announcement of our proposed acquisition of Crunchy Data represents another reason why Snowflake is the ultimate destination for all enterprise data and AI needs. We're tackling a massive USD $350 billion market opportunity and a real need for our customers to bring Postgres to the Snowflake AI Data Cloud," Vivek Raghunathan, Senior Vice President of Engineering at Snowflake, commented. "We built Crunchy Data with the vision to become a Postgres solution of choice for leading enterprise organizations. Our deep-rooted commitment to stringent security and comprehensive compliance has made us the trusted Postgres partner for organisations across regulated industries, including federal agencies, Fortune 500 financial institutions and high-scale SaaS companies. We're excited to join forces with Snowflake to provide their customers who already rely on Postgres the ability to run mission-critical regulated workloads with increased confidence and security on the Snowflake platform," Paul Laurence, Co-Founder at Crunchy Data, said. After the acquisition, Snowflake intends to maintain support for Crunchy Data's existing customer base and participate actively in the PostgreSQL community while integrating Crunchy Data's capabilities with its own products. Crunchy Data's expertise is seen as complementing Snowflake's Unistore, which combines transactional and analytical data handling, by providing a transactional solution that fully embraces PostgreSQL compatibility. "Snowflake's platform serves as the foundation for Blue Yonder's vast amount of supply chain data. Bringing PostgreSQL technology into the Snowflake ecosystem is an opportunity for our development teams to accelerate and simplify benefits for our customers," Blue Yonder's Senior Vice President of Generative AI, Chris Burchett, commented. "Access to a PostgreSQL database directly within Snowflake has the potential to be incredibly impactful for our team and our customers, as it would allow us to securely deploy our Snowflake Native App, LandingLens, into our customers' account. This integration is a key building block in making it simpler to build, deploy, and run AI applications directly on the Snowflake platform," Dan Maloney, Chief Executive Officer of LandingAI, highlighted. Snowflake Postgres will initially be launched in private preview. The closing of the acquisition is subject to regulatory approvals and standard closing conditions.
Yahoo
2 days ago
- Business
- Yahoo
Snowflake to buy Crunchy Data for enhanced Postgres solutions
AI Data Cloud company Snowflake has disclosed plans to acquire Crunchy Data, a developer of cloud-based database software. The company did not disclose details of the deal, but CNBC, citing sources familiar with the matter, reported that it could be valued at approximately $250m. The acquisition will introduce Snowflake Postgres, an AI-ready, enterprise-grade, and developer-friendly PostgreSQL database to Snowflake's AI Data Cloud. Snowflake Postgres aims to provide developers with full Postgres compatibility while delivering the governance, security, and operational standards required for mission-critical AI applications. The integration of Crunchy Data's technology, known for its enterprise readiness in FedRAMP-compliant environments, will enable Snowflake Postgres to simplify the development, deployment, and scaling of production-ready AI agents and applications, Snowflake saidin a statement. Crunchy Data's technology offers access to performance metrics, advanced scaling capabilities, and a powerful interface to support developers in building applications efficiently. Customers and partners, including Blue Yonder and LandingAI, who use PostgreSQL for operational data, will be able to develop and operate applications more efficiently. Crunchy Data co-founder Paul Laurence said: 'Our deep-rooted commitment to stringent security and comprehensive compliance has made us the trusted Postgres partner for organisations across regulated industries, including federal agencies, Fortune 500 financial institutions and high-scale SaaS companies.' Upon closing the acquisition, Snowflake will continue supporting the Postgres community and existing Crunchy Data customers, while integrating Crunchy Data's capabilities into Snowflake Postgres. Snowflake Engineering senior vice president Vivek Raghunathan said: 'Our vision is to deliver the world's most trusted and comprehensive data and AI platform to our customers. 'Today's announcement of our proposed acquisition of Crunchy Data represents another reason why Snowflake is the ultimate destination for all enterprise data and AI needs.' The acquisition's completion is subject to regulatory approvals and customary closing conditions. In February 2025, Snowflake introduced the Silicon Valley AI Hub at its Menlo Park campus. The hub has nearly 30,000ft² of space for the AI community. "Snowflake to buy Crunchy Data for enhanced Postgres solutions" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Channel Post MEA
2 days ago
- Business
- Channel Post MEA
Snowflake Acquires Crunchy Data
Snowflake has announced at its annual user conference, Snowflake Summit 2025, its intent to acquire Crunchy Data, a provider of trusted open source Postgres technology and products. This acquisition will bring Snowflake Postgres, the AI-ready, enterprise-grade and developer-friendly PostgreSQL database to the AI Data Cloud, enabling developers with the full power of Postgres while providing the uncompromising governance, security and operational standards essential for building and running mission-critical AI applications. Organizations across industries increasingly require an enterprise-grade and secure Postgres solution with full Postgres compatibility for their production apps. Snowflake Postgres will bring Crunchy Data's proven track record of enterprise readiness within FedRAMP compliant environments directly into Snowflake's AI Data Cloud. PostgreSQL continues to dominate as the most popular database amongst developers, with 49% of all developers reporting they use it. Snowflake Postgres significantly simplifies how developers build, deploy and scale production-ready AI agents and apps. It leverages Crunchy Data's technology, which has been engineered not just for quick experimentation, but for the entire lifecycle of building, deploying and operating the most important enterprise workloads. Crunchy Data's out-of-the-box access to essential performance metrics, built-in robust scaling capabilities and powerful interface help developers build amazing apps fast. With Snowflake Postgres, customers and partners such as Blue Yonder and LandingAI, who currently leverage PostgreSQL to power their applications' operational data, can ship faster, operate more efficiently and gain a competitive advantage in the rapidly evolving shift towards AI agents. 'Our vision is to deliver the world's most trusted and comprehensive data and AI platform to our customers. Today's announcement of our proposed acquisition of Crunchy Data represents another reason why Snowflake is the ultimate destination for all enterprise data and AI needs,' said Vivek Raghunathan, SVP of Engineering at Snowflake. 'We're tackling a massive $350 billion market opportunity and a real need for our customers to bring Postgres to the Snowflake AI Data Cloud.' 'We built Crunchy Data with the vision to become a Postgres solution of choice for leading enterprise organizations. Our deep-rooted commitment to stringent security and comprehensive compliance has made us the trusted Postgres partner for organizations across regulated industries, including federal agencies, Fortune 500 financial institutions and high-scale SaaS companies,' said Paul Laurence, Co-Founder at Crunchy Data. 'We're excited to join forces with Snowflake to provide their customers who already rely on Postgres the ability to run mission-critical regulated workloads with increased confidence and security on the Snowflake platform.' With the closing of this acquisition, Snowflake will make a strong commitment to the Postgres community as well as support existing Crunchy Data customers, while integrating Crunchy Data's capabilities into Snowflake Postgres. Snowflake Postgres represents a further advancement in Snowflake's journey to support transactional data that began with Unistore, which unifies transactional and analytical data within a single database in Snowflake. Snowflake Postgres complements Unistore by providing companies with an enterprise-ready solution for transactional applications that require PostgreSQL compatibility. Snowflake Postgres will be available soon in private preview. 0 0
Yahoo
2 days ago
- Business
- Yahoo
Snowflake to acquire database startup Crunchy Data
The surge in data company acquisitions continued Monday with Snowflake's purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren't disclosed. Snowflake declined to comment on the deal's valuation. It's the latest in a string of tech giants buying data startups to bolster their underlying database offerings that power AI agents. Last week, Salesforce acquired decades-old Informatica to fortify its data management tooling for AI agents. A few weeks ago, Alation acquired Numbers Station to give its customers access to AI agents that could run on top of structured data. And earlier this month, ServiceNow acquired with AI agents in mind. Crunchy Data gives companies the tools they need to build with Postgres, an open source and object-relational database management system that is popular with developers and works well with the SQL database language. The 13-year-old company works with clients including UPS, SAS, and Moneytree, among others, in addition to public sector organizations like the U.S. Department of Homeland Security. The acquisition will give Snowflake the underlying tech needed to launch Snowflake Postgres, an enterprise-grade PostgreSQL database for its customers, and partners including Blue Yonder and LandingAI. This deal also further bolsters Snowflake's database offerings in the age of AI agents. This tech will be available in private preview soon. 'Our vision is to deliver the world's most trusted and comprehensive data and AI platform to our customers," said Vivek Raghunathan, SVP of engineering at Snowflake, in a press release provided to TechCrunch. "Today's announcement of our proposed acquisition of Crunchy Data represents another reason why Snowflake is the ultimate destination for all enterprise data and AI needs. We're tackling a massive $350 billion market opportunity and a real need for our customers to bring Postgres to the Snowflake AI Data Cloud." In 2024, Snowflake launched new connectors for Snowflake customers to PostgreSQL and MySQL. Now, it is bulking up that offering. Snowflake also acquired data management company Datavolo last year. This article originally appeared on TechCrunch at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
