Snowflake (NYSE: SNOW), a Data Cloud company, acquired Streamlit, a framework built to simplify and accelerate the creation of data applications.
The amount of the deal was reportedly $800m. Closing of the acquisition is subject to the receipt of required regulatory approvals and other customary closing conditions.
Led by CEO and Co-Founder Adrien Treuille, Streamlit provides an open-source framework that enables developers and data scientists to build and share data apps and to do so quickly and iteratively, without the need to be an expert in front-end development. Developers and data scientists already use Streamlit for building data applications and interactive data experiences. Streamlit has over 8M downloads and more than 1.5M applications have been built using their framework. It is backed by Sequoia, Gradient Ventures and GGV Capital.
Together, the two companies will enable developers to build apps using tools with simplified data access and governance. Streamlit users will benefit from greater resources for continued innovation on Streamlit’s framework and easier access to trusted and secure data to power their data applications. Snowflake customers will be able to leverage Streamlit’s app development framework to further unlock data with the Snowflake Data Cloud.
Snowflake enables every organization to mobilize their data with its Data Cloud. Customers use the Data Cloud to unite siloed data, discover and securely share data, and execute diverse analytic workloads. Wherever data or users live, the solution delivers a single data experience that spans multiple clouds and geographies. Thousands of customers across many industries, including 241 of the 2021 Fortune 500 and 488 of the 2021 Forbes Global 2000 (G2K) as of January 31, 2022, use Snowflake Data Cloud to power their businesses.
FinSMEs
07/03/2022