Snowflake Buys Crunchy Data for $250m, Databricks Buys Neon for $1B. The New AI Database Battle.
SaaStr
JUNE 2, 2025
Snowflake’s $250 million purchase of Crunchy Data and Databricks’ $1 billion acquisition of Neon represent a fundamental shift in how B2B software companies are preparing for the era of autonomous AI agents. This acquisition builds on previous AI investments, including the 2023 purchase of Neeva, a generative AI search startup.
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