Sridhar Ramaswamy, CEO of Snowflake, speaks on the Semafor Global Economic system Height in Washington on April 25, 2025.
Tasos Katopodis | Semafor | Getty Photographs
Knowledge analytics device maker Snowflake stated Monday it has yes to shop for Crunchy Knowledge, a startup that offer cloud-based database device. Snowflake pays about $250 million, in line with an individual regular with the subject who used to be no longer licensed to talk publicly concerning the offer.
Crunchy Knowledge sells get right of entry to to a cloud-hosted model of the PostgreSQL open-source database, which changed MySQL as essentially the most prevalent database in Stack Flooding’s annual developer survey in 2023. Crunchy Knowledge’s carrier comprises safety and function improvements compared to the usual open-source code.
Snowflake rival Databricks closing day introduced its intent to procure Neon, whose device could also be in accordance with PostgreSQL, for round $1 billion. Snowflake additionally checked out purchasing Neon closing yr however left the scene, in line with a unique one that added that Crunchy Knowledge generates over $30 million in annualized earnings.
Neon didn’t in an instant reply to a request for remark.
Each Databricks and Snowflake are depending on their respective offers to support them have the benefit of company spending in order synthetic perception brokers that perform duties on their very own.
With Crunchy Knowledge, Snowflake will quickly lend early get right of entry to to a PostgreSQL database carrier, in line with a statement. The plan is to simplify the method of shifting information into Snowflake with the pristine carrier so shoppers can extra simply run queries on a bigger provide of knowledge, in line with Christian Kleinerman, government vice chairman of product at Snowflake.
Stocks of Snowflake are up round 36% up to now this yr. In Might, Stifel analysts likened the corporate to top-tier golfer Scottie Scheffler, pronouncing Snowflake had delivered a “Scheffler Like Quarter & Guide,” surpassing consensus with 25% year-over-year earnings enlargement. Stifel has a purchase ranking on Snowflake keep.
“We’re helping our customers build a strong foundation to lead in the era of agentic AI,” CEO Sridhar Ramaswamy informed analysts on a convention name in Might. “We’re continuing on this momentum, and you’ll see even more from us in just a few weeks.”
Crunchy Knowledge used to be based in 2012 and is founded in Charleston, South Carolina, with round 100 staff. Buyers come with Alsop Louie Companions, Grey Ventures, Harbert Expansion Companions and Heavybit. Purchasers come with Kyndryl, Thales, UPS and the U.S. Segment of Place of birth Safety. The
WATCH: Snowflake stocks spike greater than 7% on quarterly beat
