Snowflake to acquire open data integration platform Datavolo

Snowflake (SNOW) announced it has signed a definitive agreement to acquire Datavolo, the company built to rapidly accelerate the creation, management, and observability of multimodal data pipelines for enterprise AI. With this acquisition, Snowflake will deepen its service in the ‘bronze layer’ of the data lifecycle and will deliver a simple way for data engineering teams to integrate all of their enterprise systems with Snowflake’s unified platform, where they can then unlock data for AI and ML, apps and analytics, and leverage the scale, performance, and built-in governance of the AI Data Cloud. Together, Datavolo and Snowflake will both simplify data engineering workloads and deliver unmatched data interoperability and extensibility – a building block for effective enterprise AI. “Simplicity and time-to-value are core to Snowflake’s ethos. By bringing Datavolo into the Snowflake fold, we are expanding how much of the data lifecycle Snowflake captures – unlocking both simplicity and cost savings for our customers, without any sacrifice to data extensibility,” said Sridhar Ramaswamy, CEO of Snowflake. “We are excited to have the Datavolo team join Snowflake as we accelerate what is the best platform for enterprise data – unstructured and structured, batch and streaming – and dedicated to the success of the open source community.”