Snowflake is all set to acquire Samooha to establish its “data clean room” platform, letting businesses securely share, collaborate and gain insights from the data stack.
Snowflake announced to acquire Samooha, a startup developing a “cross-cloud” data collaboration suite, as a step to establish its “data clean room” platform.
Snowflake director of product management Carl Perry told TechCrunch via email. “This acquisition furthers our mission to mobilise the world’s data by accelerating the built-in capabilities of Snowflake’s platform for our customers. Samooha customers will benefit from the many built-in platform capabilities of Snowflake, as well as the powerful network of Snowflake data cloud. Snowflake customers, meanwhile, will be able to more quickly and easily build, connect and use data clean rooms where their data already lives, directly in Snowflake.”
With the deal, which is expected to close by the end of the month subject to customary closing conditions, Snowflake will gain an established “data clean room” platform that lets businesses securely share, collaborate on and gain insights from their and their partners’ data, regardless of the underlying data stack.
Sivaramakrishnan, one of the co-founders of Samooha, said, “Samooha’s founding hypothesis has been that the newest frontier of data and AI will be built on secure data sharing and collaboration foundations. Samooha joining Snowflake enhances Snowflake’s ability to help enterprises collaborate seamlessly, with governance, privacy and security of their data at the core. Businesses and enterprises like healthcare providers, financial institutions and large media platforms can now create strong edges of value exchange and connectivity across their respective partner and customer ecosystem.”
