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Snowflake to Buy Crunchy Data for $250 Million: Strengthening AI Capabilities in the Cloud

Snowflake, a leader in cloud data platforms, has announced its agreement to acquire Crunchy Data, a cloud-based PostgreSQL database platform, for $250 million. This acquisition marks a significant step in Snowflake’s strategic evolution as it seeks to empower businesses with the tools to build and scale AI-driven applications. By integrating Crunchy Data’s robust PostgreSQL expertise into its ecosystem, Snowflake aims to become a central hub for enterprises developing their own AI agents and intelligent applications.

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