FX.co ★ Snowflake To Acquire Datavolo

Snowflake (SNOW), the company renowned for its AI Data Cloud, announced on Wednesday its agreement to acquire Datavolo. Datavolo specializes in expediting the creation, management, and monitoring of multimodal data pipelines for enterprise AI.

“Simplicity and swift value delivery are at the heart of Snowflake's philosophy. By integrating Datavolo, we enhance our ability to manage the entire data lifecycle, providing our customers with ease and cost-efficiency, without compromising data extensibility,” stated Sridhar Ramaswamy, CEO of Snowflake. “We are thrilled to welcome the Datavolo team to Snowflake as we further develop the leading platform for enterprise data, whether it's unstructured or structured, batch or streaming, and continue supporting the open-source community."

This acquisition is also set to bolster Snowflake's presence in the public sector. With the completion of the acquisition, Snowflake is committed to maintaining and nurturing the Apache NiFi project, reinforcing its support for open standards. This move will empower both Snowflake's clientele and the NiFi community with seamless interoperability, irrespective of their data's location.