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Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo

Nov 20, 2024 - financialpost.com
Snowflake, the AI Data Cloud company, has announced its definitive agreement to acquire Datavolo, a company that accelerates the creation, management, and observability of multimodal data pipelines for enterprise AI. The acquisition aims to enhance Snowflake's service in the 'bronze layer' of the data lifecycle, offering a simple way for data engineering teams to integrate all their enterprise systems with Snowflake's unified platform. This will allow them to unlock data for AI and ML, apps and analytics, and leverage the scale, performance, and built-in governance of the AI Data Cloud.

Datavolo, powered by Apache NiFi, provides a single platform for automating and managing both structured and unstructured data flows between various enterprise data sources. Once fully integrated into the Snowflake platform, Datavolo will form the basis of Snowflake’s open and extensible connectivity platform for structured and unstructured data. This will allow users to replace the complexity and maintenance burden of single-use, point-to-point connectors with fast, flexible, reusable pipelines. The acquisition also aims to accelerate Snowflake's business in the public sector.

Key takeaways:

  • Snowflake, the AI Data Cloud company, has announced a definitive agreement to acquire Datavolo, a company that accelerates the creation, management, and observability of multimodal data pipelines for enterprise AI.
  • The acquisition will enhance Snowflake's service in the 'bronze layer' of the data lifecycle and provide a simpler way for data engineering teams to integrate their enterprise systems with Snowflake's unified platform.
  • Datavolo, powered by Apache NiFi, provides a single platform for managing both structured and unstructured data flows between various enterprise data sources. Once integrated into Snowflake's platform, it will form the basis of Snowflake's open and extensible connectivity platform for structured and unstructured data.
  • The acquisition of Datavolo is also expected to accelerate Snowflake's business in the public sector. Snowflake plans to continue to maintain and nurture the Apache NiFi project after the acquisition, deepening its support of open standards.
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