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The open-source PostgreSQL (sometimes also referred to as Postgres) is apparently a very hot commodity for big enterprise data platform vendors.
Snowflake is acquiring privately-held PostgreSQL provider Crunchy Data, in a deal that is reportedly valued at $250 million. The acquisition comes barely two weeks after Snowflake’s rival Databricks acquired serverless PostgreSQL vendor Neon. The pair of PostgreSQL acquisitions highlights the critical importance of the open-source database to modern enterprise data and AI workflows.
Unlike Neon, which was only a three-year-old company, Crunchy Data has been around for over a decade, having been founded in 2012. The company’s core platform, Crunchy Postgres, is a managed, automated and fully supported version of PostgreSQL. There is also a specific version of the platform for Kubernetes environments and a newer product called Crunchy Data Warehouse that brings the platform to data lakehouse environments.
According to Snowflake, Crunchy Data’s technology will be the foundation of a new offering known as Snowflake Postgres. It will allow users to combine Crunchy Data’s enterprise-grade and developer-friendly Postgres capabilities within Snowflake’s secure and governed perimeter. The goal is to simplify how developers build, deploy and scale production-ready AI agents and apps.
