Snowflake plans to acquire Crunchy data To improve its ability to help companies create and deploy artificial intelligence agents and applications (AI).
The planned acquisition will add crunchy data open source Postgres technology and products in Snowflake AI data cloudCompanies said in a Monday, June 2) press release.
The closing of the acquisition is subject to regulatory approvals and usual closing conditions, according to the press release.
The planned combination will help add a postgreSql database called Snowflake Postgres to the AI data cloud, according to the press release.
PostgreSql, or Postgres, is an open source relational database which can serve as an underlying database for customers creating AI agents with stored data in the platforms companies like a snowflake, THE Wall Street Journal (WSJ) reported Monday.
It is used by 49% of all developers, according to the press release on Monday.
Snowflake Postgres will allow those who use Postgresql to ship faster and operate more efficiently, the press release said.
“We are tackling a huge market opportunity of $ 350 billion and a real need for our customers to bring Postgres to the Snowflake Ai Data Cloud,” said the main vice-president of Snowflake Snowflake engineering Vivek Raghunathan said in the press release.
Co-founder of crunchy data Paul Laurence said in the press release that the safety and conformity of Crunchy Data made it a postgrian trust partner for organizations of the regulated industries.
“We are delighted to join Snowflake to provide their customers who already count on Postgres the possibility of managing workloads regulated by the mission with increased confidence and safety on the Snowflake platform,” said Laurence.
Snowflake said In February, he opened a new Silicon Valley “HUB AI” It is designed for give developers, startups And business leaders has place has work On AI efforts.
Data and ia firm Databricks announcement Can 14 that it acquires the start of the database Neon To increase your IA agent Business, saying that neon is “specially designed to support agent workflows (developers)”.
“By bringing a neon in the databricks, we give developers a server -free postgres who can follow aging speed, economy at the end And The opening of the Postgres community ”, co-founder and CEO of Databricks Ali Ghodsi Said at the time in a press release.