Snowflake's Smart $250 Million Acquisition
Snowflake's (NYSE: SNOW) data cloud enables enterprises to run analytics and artificial intelligence (AI) workloads across data that's been ingested from a variety of sources. While Snowflake customers have been able to ingest data from relational databases like Postgres via connectors, the platform lacks a native Postgres option.
That changes with Snowflake's $250 million acquisition of Crunchy Data. Crunchy Data is an enterprise-focused Postgres provider, layering performance metrics, connection pooling, logging, and security features on top of the open-source database software. While anyone can spin up an instance of Postgres, enterprises have security, compliance, performance, and reliability requirements that must be met.
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Source Fool.com
