Snowflake is acquiring Crunchy Data, a provider of open-source PostgreSQL technology, to enhance its PostgreSQL database services and bolster its AI Data Cloud platform with the introduction of Snowflake Postgres. This acquisition will provide developers with full PostgreSQL capabilities integrated with governance, security, and operational standards for AI applications. Crunchy Data, founded in 2012, offers products like Crunchy Bridge and has a focus on security and compliance, making it a trusted choice for enterprises. Snowflake plans to integrate Crunchy Data's technology into its offerings, streamlining the lifecycle of enterprise PostgreSQL workloads. The acquisition is estimated to be around 0 million and is pending regulatory approvals. Snowflake aims to support Crunchy Data's existing customers and strengthen ties with the Postgres community.