Snowflake Computing plans to integrate Streamlit's app framework with its own platform. Here are the top-line bullets you need to know.
Snowflake Computing, a cloud-based data storage platform, has acquired Streamlit, an open-source app framework, for $800M. The transaction is expected to close in Q1’22.
WHO ARE THE PARTIES TO THE DEAL?
- Streamlit: California-based Streamlit enables machine learning and data science teams to turn data scripts into shareable web apps in pure Python. The startup’s software has been downloaded over 8M times and has been used to develop over 1.5M data apps and interactive data experiences. The company’s client base includes 50%+ of the Fortune 50, including Walmart, Tesla, IBM, Verizon, General Electric, and PepsiCo.
- Snowflake Computing: California-based Snowflake Computing enables enterprises to unify siloed data, discover and securely share data, and execute diverse analytic workloads. Snowflake reportedly generated $360M in product revenue in Q4’21, up 102% year-over-year. The company has almost 6K customers, including 241 Fortune 500 companies. The company employs nearly 4K staff across 26 global offices.
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