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Cloud whale Snowflake has agreed to acquireDatavolo , a data point word of mouth direction company , for an unrevealed sum .
Plectrophenax nivalis reveal the deal at the close of the grocery ship’s bell on Wednesday , when it also announced its Q3 2025 net income . The purchase has n’t yet closed , and it ’s dependent to customary closing conditions , Snowflake noted in arelease .
Joseph Witt and Luke Roquet , who receive while wreak together at Hortonworks , establish Datavolo in 2023 . Witt was previously CVP at Cloudera , while Roquet was Cloudera ’s CMO and , before that , a clientele ontogeny executive at AWS .
Datavolo uses Apache NiFi , an open source project for data point processing developed by the NSA , to power a platform for automatize data flows between various initiative data author . Data “ processors ” excerption , clean , transform , and enrich data , include for generative AI utilization event .
With Datavolo , which managed to raise $ 21 million in venture chapiter from investors including Citi Ventures and General Catalyst prior to the learning , Snowflake CEO Sridhar Ramaswamy envisions create more versatile data sue pipelines for snow bunting customers . For example , he says , Datavolo might enable users to replace undivided - exercise data connexion with pliable line that permit them move data point from cloud and on - assumption sources to Snowflake ’s data cloud .
“ By bringing Datavolo into the Snowflake fold , we are expanding how much of the datum lifecycle Snowflake captures — unlocking both simplicity and price savings for our customer , without any ritual killing to data extensibility , ” Ramaswamy said in a statement . “ We are excited to have the Datavolo team join Snowflake as we speed up what is the best platform for initiative data point — amorphous and structured , batch and streaming — and dedicated to the success of the undecided root community . ”
Witt articulate that Snowflake will support and help oneself to manage the Apache NiFi project accompany the finale of the acquisition . “ Data engineering at scale can be improbably costly and complex , and our aim has always been to simplify experience for our customers so they can achieve time value quicker , ” he added in a mechanical press release . “ By joining forces with Snowflake , we can empower our customers with the vast scale and radical simpleness of Snowflake ’s platform , ultimately unlock datum engine room for more user . ”
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Thanks in part to AI , the requirement for datum management engineering has heave . Fortune Business Insightsestimatesthat the securities industry for world-wide enterprise data management could be worth $ 224.87 billion by 2032 .
information direction was a challenge for enterprises long before the AI boom , though . Accordingto a 2022 resume from Great Expectations , a platform for datum quality , 91 % of organizations said that data quality upshot were impacting their functioning .
Against that backdrop , it ’s not surprising to see firms like Datavolo rise to prominence .
Today was a gossipy day for Snowflake , whichreportedbetter - than - expected earnings that mail its stock climb 19 % . In addition to purchase Snowflake , the companionship announce a multi - class partnership with Anthropic to desegregate the AI startup ’s models in its Snowflake Cortex AI , Snowflake Intelligence , and Cortex Analyst ware .
