Snowflake plans to amass Crunchy Knowledge to boost its capacity to assist enterprises construct and deploy synthetic intelligence (AI) brokers and functions.
The deliberate acquisition will add Crunchy Knowledge’s open-source Postgres know-how and merchandise to Snowflake’s AI Knowledge Cloud, the businesses mentioned in a Monday (June 2) press launch.
The closing of the acquisition is topic to regulatory approvals and customary closing situations, in keeping with the discharge.
The deliberate mixture will assist add a PostgreSQL database known as Snowflake Postgres to the AI Knowledge Cloud, in keeping with the discharge.
PostgreSQL, or Postgres, is an open-source, relational database that may function the underlying database for patrons creating AI brokers with knowledge saved within the platforms of firms like Snowflake, The Wall Road Journal (WSJ) reported Monday.
It’s utilized by 49% of all builders, in keeping with the Monday press launch.
Snowflake Postgres will allow those that use PostgreSQL to ship sooner and function extra effectively, the discharge mentioned.
“We’re tackling a large $350 billion market alternative and an actual want for our prospects to deliver Postgres to the Snowflake AI Knowledge Cloud,” Snowflake Senior Vice President of Engineering Vivek Raghunathan mentioned within the launch.
Crunchy Knowledge Co-Founder Paul Laurence mentioned within the launch that Crunchy Knowledge’s safety and compliance have made it a trusted Postgres associate for organizations in regulated industries.
“We’re excited to affix forces with Snowflake to offer their prospects who already depend on Postgres the flexibility to run mission-critical regulated workloads with elevated confidence and safety on the Snowflake platform,” Laurence mentioned.
Snowflake mentioned in February that it was opening a brand new Silicon Valley “AI hub” that’s designed to give builders, startups and enterprise leaders a place to work on AI efforts.
Knowledge and AI agency Databricks introduced Might 14 that it was buying database startup Neon to spice up its AI agent enterprise, saying that Neon is “purpose-built to help [developers’] agentic workflows.”
“By bringing Neon into Databricks, we’re giving builders a serverless Postgres that may sustain with agentic velocity, pay-as-you-go economics and the openness of the Postgres group,” Databricks Co-Founder and CEO Ali Ghodsi mentioned on the time in a press launch.
