Snowflake, a company that helps users manage and store huge volumes of data on cloud platforms without needing cloud vendor lock-in has reportedly acquired Streamlit, a startup that created a popular open-source project for developing data-based apps for USD 800 million.

President and co-founder of products at Snowflake, Benoît Dageville, said that the company was introduced to Streamlit due to its popularity with customers, as well as an in-house employee.

Dageville further added that both companies share a common vision, which is all about democratizing access to data and making data interaction super easy for consumers.

Streamlit will add significant value to Snowflake’s platform by allowing data scientists to build apps that promote easy understanding of data for non-technical users and allow them to interact with data. On Snowflake, which is equipped with all technical requirements for managing and accessing data in the cloud, lacked a native data visualization piece, Dageville claimed.

Streamlit CEO and Co-Founder Adrien Treuille was quoted saying that he and his co-founders were in discussions with Snowflake since last fall and it became clear that the acquisition would be mutually beneficial to both parties not just technologically, but also culturally.

Founded in 2018, Streamlit was the brainchild of some former Zoox and GoogleX employees who sought to create an open-source project that would make it easier to build custom applications to interact with data.

Streamlit reached version 1.0 last October and was focusing on building a commercial cloud service, which is eventually set to become a part of Snowflake. However, the deal is subject to regulatory muster.

Meanwhile, Snowflake was launched in 2012 and had a capital of USD 1.4 billion before it went public in September 2020, while Streamlit raised USD 62 million during 2019.

Source Link –

https://techcrunch.com/2022/03/02/snowflake-acquires-streamlit-for-800m-to-help-customers-build-data-based-apps/