Snowflake acquires data management company Datavolo

cloud data platform SnowflakeWe have previously informed you that , acquired the artificial intelligence search engine Neeva. we had transferred. Acquisitions in this type of data management space offer companies the opportunity to create technological innovation, competitive advantage, better data management and new business opportunities. In this context, Snowflake announced that it will take another step in data management and acquire Datavolo.

The purpose of the acquisition is to improve Snowflake’s data processing solutions and offer more flexible data flows to its customers. However, the purchase agreement has not been completed yet.

Datavolo in 2023 Joseph Witt ve Luke Roquet was founded by The company automates data streams, processes and enriches data using the open source data processing platform called Apache NiFi. In total, Datavolo received funding from investors such as Citi Ventures and General Catalyst. $21 million Let us remind you that you received an investment.

Snowflake CEO’su Sridhar RamaswamyHe stated that the acquisition of Datavolo will make data management simpler and more cost-effective. Data management has become even more critical with the increasing use of artificial intelligence. Fortune Business Insights estimates the global enterprise data management market to 224.87 billion dollars by 2032 can reach predicts.

Snowflake also signed a partnership agreement with artificial intelligence startup Anthropic. Through this partnership, Anthropic’s AI models will be integrated into Snowflake’s Cortex AI and other products. These developments are expected to accelerate Snowflake’s strategic growth in data management and AI integration.