According to the information exclusive report, SnowFlake is in consultation to purchase data analysis startup REDPANDA because it is trying to expand the AI -drive type provision. Red pandas were rated in 2023 to about $ 500 million, according to the information related to the discussion.
According to what is reported, the startup has been reported that it has set a selling price of about $ 1.5 billion, quoting two people who are familiar with negotiations.
“This week’s database provider Snowflake discussed the acquisition of REDPANDA, a startup of about 500 million dollars worth about $ 500 million in 2023.
This news is carried out in less than a month after another potential acquisition by Snowflake. Earlier this month, DataBiricks and SnowFlake reported that they were discussing the acquisition of Voyage AI, an increase in AI search technology.
Redpanda is established in 2019 by Alexander Gallego, enabling companies to process real -time data with the latest approaches, and can maintain compatibility with Kafka, a widely used open source streaming platform.
Startups based in San Francisco provide software that helps financial institutions and retailers to handle real -time data, from stock market activities to e -commercial transactions. Redpanda has raised $ 167 million.
Startup focuses on data streaming and analysis, providing companies with tools to process continuous data flow. The fact that SnowFlake is interested in obtaining Redpanda is consistent with the promotion to enhance the data analysis function and expand it to real -time data processing.
So far, the details of the final condition of the transaction or the timeline have not emerged. Neither company has issued an official statement about the ongoing discussion.
This potential learning reflects a widespread tendency. This is a large -scale high -tech company that snaps innovative startups to increase the competitiveness of real -time analysis and AI -equipped data processing.
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