Latest news with #SnowflakeAIDataCloud
Yahoo
5 hours 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
Yahoo
6 days ago
- Business
- Yahoo
7Rivers Achieves Snowflake Financial Services Industry Competency
MILWAUKEE, May 27, 2025 /PRNewswire/ -- 7Rivers, a Premier Snowflake Services Partner and leader in data and AI consulting, announced that it has achieved the Snowflake Financial Services Industry Competency, a recognition that highlights 7Rivers' proven success delivering innovative, high-impact solutions within the financial services sector using the Snowflake AI Data Cloud. This competency reflects 7Rivers' deep domain expertise and consistent track record of accelerating digital transformation for banks, insurance companies, capital markets firms, and fintechs. Leveraging its proprietary Data Native™ model and a suite of Snowflake accelerators, 7Rivers helps clients unlock business value through AI-infused applications, predictive analytics, and intelligent experiences. "Achieving the Snowflake Financial Services Industry Competency is a meaningful milestone for our team and our clients," said Ben Kerford, President of 7Rivers. "It reinforces our commitment to helping financial institutions navigate modernization with confidence, transforming data into real-world outcomes that drive growth, mitigate risk, and elevate the customer experience." As part of its strategic partnership with Snowflake, 7Rivers empowers financial services organizations to gain greater independence from legacy core providers by simplifying access to their own data. With fewer hurdles to access their data, Banks and Insurance companies are able to more easily and effectively execute on their growth strategies. These include: More effective organic growth strategies by providing a platform on which FI's can more easily identify key customer segments to drive cross-sell/upsell opportunities Enable better predictive modeling for churn prevention, and creating improved and more targeted Marketing initiatives More effectively identify geographic and market expansion opportunities with empirically based analysis Build pro forma modeling scenarios when examining M&A targets Harness the power of generative AI to enhance productivity and automate workflows Optimize Snowflake environments for governance, performance, and cost efficiency Improve regulatory compliance and audit readiness through robust data governance frameworks Support real-time decision-making for trading, claims processing, and underwriting Enhance risk detection capabilities across fraud, AML, and operational risk domains Improve underwriting and risk-scoring models to speed up time-to-offer in lending and insurance As financial institutions grapple with an increasingly complex and escalating risk landscape, economic uncertainty, and an evolving regulatory environment, 7Rivers is actively helping clients stay ahead of the curve. Through our work with leading banks, fintechs, and insurers, we're seeing a surge in focus on: Driving deposit growth and account openings through data-informed personalization and campaign targeting Strengthening fraud detection and risk management with AI-driven surveillance and anomaly detection Streamlining loan and mortgage processing using predictive modeling and automation Enhancing investment analytics with real-time dashboards and AI-backed recommendation engines Transforming the customer experience via personalization, intelligent routing, and AI agents These capabilities are core to our work helping financial institutions evolve into modern, data-driven, Augmented Enterprises. Our solutions are built not only to solve today's problems, but to position clients for tomorrow's opportunities. With deep experience in data vault 2.0, AI/ML, and Snowflake-native architecture, 7Rivers is uniquely positioned to help clients become modern, Augmented Enterprises built for agility, powered by data, and guided by innovation. About 7Rivers7Rivers' mission is to empower businesses to unlock the transformative potential of data and AI, driving unprecedented success for organizations and their teams. Our mission is to support business leaders in realizing the full potential of their data through cutting-edge data modernization, advanced data science, and state-of-the-art AI solutions. As a proud Snowflake Premier Partner, we specialize in turning raw data into actionable insights that deliver tangible impact. From establishing an AI-powered data foundation to identifying high-value use cases and deploying Enterprise LLM solutions and Data Native™ applications, 7Rivers is dedicated to guiding organizations through the complexities of today's dynamic landscape and helping them evolve into augmented enterprises. Discover how 7Rivers can elevate your data strategy and deliver business outcomes at Contact:Jessica EmhoffVice President, Marketing7Riversmarketing@ View original content to download multimedia: SOURCE 7Rivers Inc. 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
Associated Press
7 days ago
- Business
- Associated Press
7Rivers Achieves Snowflake Financial Services Industry Competency
MILWAUKEE, May 27, 2025 /PRNewswire/ -- 7Rivers, a Premier Snowflake Services Partner and leader in data and AI consulting, announced that it has achieved the Snowflake Financial Services Industry Competency, a recognition that highlights 7Rivers' proven success delivering innovative, high-impact solutions within the financial services sector using the Snowflake AI Data Cloud. This competency reflects 7Rivers' deep domain expertise and consistent track record of accelerating digital transformation for banks, insurance companies, capital markets firms, and fintechs. Leveraging its proprietary Data Native™ model and a suite of Snowflake accelerators, 7Rivers helps clients unlock business value through AI-infused applications, predictive analytics, and intelligent experiences. 'Achieving the Snowflake Financial Services Industry Competency is a meaningful milestone for our team and our clients,' said Ben Kerford, President of 7Rivers. 'It reinforces our commitment to helping financial institutions navigate modernization with confidence, transforming data into real-world outcomes that drive growth, mitigate risk, and elevate the customer experience.' As part of its strategic partnership with Snowflake, 7Rivers empowers financial services organizations to gain greater independence from legacy core providers by simplifying access to their own data. With fewer hurdles to access their data, Banks and Insurance companies are able to more easily and effectively execute on their growth strategies. These include: As financial institutions grapple with an increasingly complex and escalating risk landscape, economic uncertainty, and an evolving regulatory environment, 7Rivers is actively helping clients stay ahead of the curve. Through our work with leading banks, fintechs, and insurers, we're seeing a surge in focus on: These capabilities are core to our work helping financial institutions evolve into modern, data-driven, Augmented Enterprises. Our solutions are built not only to solve today's problems, but to position clients for tomorrow's opportunities. With deep experience in data vault 2.0, AI/ML, and Snowflake-native architecture, 7Rivers is uniquely positioned to help clients become modern, Augmented Enterprises built for agility, powered by data, and guided by innovation. About 7Rivers 7Rivers' mission is to empower businesses to unlock the transformative potential of data and AI, driving unprecedented success for organizations and their teams. Our mission is to support business leaders in realizing the full potential of their data through cutting-edge data modernization, advanced data science, and state-of-the-art AI solutions. As a proud Snowflake Premier Partner, we specialize in turning raw data into actionable insights that deliver tangible impact. From establishing an AI-powered data foundation to identifying high-value use cases and deploying Enterprise LLM solutions and Data Native™ applications, 7Rivers is dedicated to guiding organizations through the complexities of today's dynamic landscape and helping them evolve into augmented enterprises. Discover how 7Rivers can elevate your data strategy and deliver business outcomes at Contact: Jessica Emhoff Vice President, Marketing 7Rivers [email protected] View original content to download multimedia: SOURCE 7Rivers Inc.
Yahoo
7 days ago
- Business
- Yahoo
7Rivers Achieves Snowflake Financial Services Industry Competency
MILWAUKEE, May 27, 2025 /PRNewswire/ -- 7Rivers, a Premier Snowflake Services Partner and leader in data and AI consulting, announced that it has achieved the Snowflake Financial Services Industry Competency, a recognition that highlights 7Rivers' proven success delivering innovative, high-impact solutions within the financial services sector using the Snowflake AI Data Cloud. This competency reflects 7Rivers' deep domain expertise and consistent track record of accelerating digital transformation for banks, insurance companies, capital markets firms, and fintechs. Leveraging its proprietary Data Native™ model and a suite of Snowflake accelerators, 7Rivers helps clients unlock business value through AI-infused applications, predictive analytics, and intelligent experiences. "Achieving the Snowflake Financial Services Industry Competency is a meaningful milestone for our team and our clients," said Ben Kerford, President of 7Rivers. "It reinforces our commitment to helping financial institutions navigate modernization with confidence, transforming data into real-world outcomes that drive growth, mitigate risk, and elevate the customer experience." As part of its strategic partnership with Snowflake, 7Rivers empowers financial services organizations to gain greater independence from legacy core providers by simplifying access to their own data. With fewer hurdles to access their data, Banks and Insurance companies are able to more easily and effectively execute on their growth strategies. These include: More effective organic growth strategies by providing a platform on which FI's can more easily identify key customer segments to drive cross-sell/upsell opportunities Enable better predictive modeling for churn prevention, and creating improved and more targeted Marketing initiatives More effectively identify geographic and market expansion opportunities with empirically based analysis Build pro forma modeling scenarios when examining M&A targets Harness the power of generative AI to enhance productivity and automate workflows Optimize Snowflake environments for governance, performance, and cost efficiency Improve regulatory compliance and audit readiness through robust data governance frameworks Support real-time decision-making for trading, claims processing, and underwriting Enhance risk detection capabilities across fraud, AML, and operational risk domains Improve underwriting and risk-scoring models to speed up time-to-offer in lending and insurance As financial institutions grapple with an increasingly complex and escalating risk landscape, economic uncertainty, and an evolving regulatory environment, 7Rivers is actively helping clients stay ahead of the curve. Through our work with leading banks, fintechs, and insurers, we're seeing a surge in focus on: Driving deposit growth and account openings through data-informed personalization and campaign targeting Strengthening fraud detection and risk management with AI-driven surveillance and anomaly detection Streamlining loan and mortgage processing using predictive modeling and automation Enhancing investment analytics with real-time dashboards and AI-backed recommendation engines Transforming the customer experience via personalization, intelligent routing, and AI agents These capabilities are core to our work helping financial institutions evolve into modern, data-driven, Augmented Enterprises. Our solutions are built not only to solve today's problems, but to position clients for tomorrow's opportunities. With deep experience in data vault 2.0, AI/ML, and Snowflake-native architecture, 7Rivers is uniquely positioned to help clients become modern, Augmented Enterprises built for agility, powered by data, and guided by innovation. About 7Rivers7Rivers' mission is to empower businesses to unlock the transformative potential of data and AI, driving unprecedented success for organizations and their teams. Our mission is to support business leaders in realizing the full potential of their data through cutting-edge data modernization, advanced data science, and state-of-the-art AI solutions. As a proud Snowflake Premier Partner, we specialize in turning raw data into actionable insights that deliver tangible impact. From establishing an AI-powered data foundation to identifying high-value use cases and deploying Enterprise LLM solutions and Data Native™ applications, 7Rivers is dedicated to guiding organizations through the complexities of today's dynamic landscape and helping them evolve into augmented enterprises. Discover how 7Rivers can elevate your data strategy and deliver business outcomes at Contact:Jessica EmhoffVice President, Marketing7Riversmarketing@ View original content to download multimedia: SOURCE 7Rivers Inc. 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
Miami Herald
13-05-2025
- Business
- Miami Herald
Improvado Launches Marketing Intelligence and Real-Time Campaign Monitoring on Snowflake AI Data Cloud
Marketing Intelligence and Real-Time Campaign Monitoring, Powered by Snowflake, will enable joint customers to unify fragmented marketing data across sources and teams and ensure campaign compliance and performance SAN DIEGO, CALIFORNIA / ACCESS Newswire / May 13, 2025 / Improvado today announced the launch of Marketing Intelligence and Real-Time Campaign Monitoring on the Snowflake AI Data Cloud. This new integration will enable organizations to accelerate and automate marketing reporting, streamline campaign performance and compliance checks, and reduce time-to-insight by transforming raw marketing data into business-ready intelligence within their existing Snowflake environment. "Marketing teams are drowning in fragmented data and inefficient reporting workflows. By partnering with Snowflake, we're bringing a seamless, AI-powered intelligence layer to unify, analyze, and act on marketing data in real-time - without IT dependencies or operational overhead," said Roman Vinogradov, VP of Product at Improvado. By leveraging the Snowflake AI Data Cloud, Improvado is joining Snowflake in mobilizing the world's data to help organizations eliminate IT dependencies for marketing teams and provide marketing and data analytics teams with clear, harmonized, and query-ready data. With Improvado's integration, marketing teams gain access to more than 15 pre-built and highly customizable data models, 250+ automated campaign performance and compliance checks, and the ability to significantly reduce time spent on routine marketing analytics tasks through AI Agents. "Improvado's commitment to helping Snowflake mobilize the world's data can be seen through the launch of Marketing Intelligence and Real-Time Campaign Monitoring," said Luke Ambrosetti, Principal Architect, Marketing and Advertising, Snowflake. "We look forward to driving deeper value for Snowflake's AI Data Cloud ecosystem through collaboration with Improvado to bring marketing operations and analytics teams a unified, AI-powered layer for campaign analysis, real-time monitoring, and decision making at scale through Snowflake's single, integrated platform." Partnering with Snowflake to launch Marketing Intelligence and Real-Time Campaign Monitoring, Improvado enables joint customers to bring enterprise-grade marketing intelligence, accelerated time-to-insights, and cross-team collaboration directly into the Snowflake environment - no data movement required. For example, Improvado enabled McGarrah Jessee to add sensitive pricing and revenue data to cross-channel analysis and campaign monitoring, driving in-depth insights and keeping the data secure inside their Snowflake AI Data Cloud environment. "The integration between Improvado and Snowflake allows us to unify and analyze our marketing data without any data movement or using any third-party marketing analytics solutions," said Bill Urciuoli, Chief Technology Officer at McGarrah Jessee. "With real-time visibility into campaign performance and data-driven insights, we can cut time to insight by 5-10x and optimize for better campaign outcomes - all seamlessly inside the Snowflake AI Data Cloud; run entirely by marketers with minimal IT dependencies." By building tools, applications and solutions on Snowflake, product and engineering teams are able to develop, scale, and operate without operational burden, delivering differentiated products to their customers. Snowflake Data Cloud Product Partners help customers maximize Snowflake's flexibility, performance, and ease of use to deliver more meaningful insights. Data Cloud Services Partners provide industry experience, technical expertise, and strategic best practices to help customers mitigate risk and drive business value with Snowflake throughout their entire data and AI journey. To learn more about becoming an AI Data Cloud partner, click here. About ImprovadoImprovado is an AI-powered marketing analytics and intelligence platform designed for marketing and analytics teams to unlock the power of data to drive impactful business decisions. Improvado provides an end-to-end and customized analytics solution for medium to large enterprises, and agencies. Its platform integrates, simplifies, governs and attributes complex revenue data across 500+ sources, offering a unified, clear view of marketing ROI and performance. To learn more about Improvado, click here. SOURCE: Improvado press release
