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Data Management

Snowflake Set To Redefine Secure First-party Data Sharing With Samooha – Its Ninth Acquisition Of 2023!

By TD NewsDesk

TD NewsDesk

Updated on Wed, Dec 20, 2023

Overall Rating
In the dynamic realm of data-driven innovation, where every byte holds transformative potential, Snowflake has surged ahead once again!

In a decisive move aimed at fortifying its stronghold in secure data management, Snowflake, a leading data cloud company, has sealed a definitive agreement to acquire Samooha, making it nine acquisitions within 2023.

Before we head on into the news let’s learn the bits and bytes about Samooha!

Well, Samooha, a pioneering startup specializing in "data clean room" technology, offers a secure environment for businesses to collaboratively harness their first-party data and that of their partners.
Let’s see how this acquisition is anticipated to be a huge leap forward for Snowflake:
  • While the financial specifics of this acquisition remain undisclosed, Snowflake's strategic move underscores its pursuit of enhanced data storage, collaboration and application security. This acquisition, the ninth in a series aimed at bolstering Snowflake's product spectrum, marks a significant leap forward for the tech giant.

  • According to Ted Brackin, Snowflake's VP of professional services, “One of our key objectives at Snowflake is to make it as fast and simple as possible for our customers and partners to unlock value from data. For many organizations, that starts with the efficient migration of their legacy databases and applications to the data cloud.”

  • Ted further continued, “With the acquisition of SnowConvert, we can help more customers, partners and, more broadly, our Snowflake partner network move more data and applications into the data cloud, enabling customers to obtain faster value from their investment in Snowflake sooner.”

  • It’s no secret that nowadays, data reigns supreme. However, constructing robust data frameworks presents a paramount challenge, especially amid stringent privacy and security protocols. Samooha's distinctive approach revolves around data clean rooms—a collaborative haven where multiple entities converge to share and amalgamate their first-party data in anonymized forms, sans exposure of underlying information and business logic.

  • With the absorption of Samooha, Snowflake is poised to culminate in 2023 with an impressive tally of nine acquisitions. Each acquisition contributes to fortifying Snowflake's data cloud infrastructure, positioning it as a comprehensive data management hub rivaling competitors like Databricks.

  • While Snowflake's product SVP confirmed the integration of Samooha's team into Snowflake, the specific roadmap for this integration remains undisclosed. However, Snowflake already hosts several native Samooha apps tailored for sectors like advertising and financial services.

Like every acquisition, even this acquisition revolves around some specific objectives. What are the objectives, you ask?
  • To begin with, this deal aims to streamline the construction, connectivity and utilization of data clean rooms, unlocking unparalleled value within the Data Cloud.

  • Founded by industry luminaries Kamakshi Sivamakrishnan and Abhishek Bhowmick, Samooha strategically taps into Snowflake's data cloud ecosystem. It offers tailored, industry-specific templates facilitating effortless construction of data clean rooms as Snowflake native apps. These platforms empower users to seamlessly collaborate, derive insights and anonymize their data, transcending conventional SQL queries into advanced AI and machine learning workloads.

  • A hallmark of Samooha's offering lies in its agnostic approach towards data sources. Users wield the autonomy to cherry-pick their data repositories, from Snowflake's data cloud to AWS S3 buckets, extending invitations to collaborators irrespective of their cloud platform affiliations.

In a nutshell, Snowflake's acquisition of Samooha signifies an evolutionary leap in facilitating seamless data collaboration within the Data Cloud. This synergy fosters a landscape where enterprises across industries, from healthcare to media platforms, can forge robust connections while upholding data governance, privacy and security at the forefront.

Do you think this strategic alliance serves as a testament to Snowflake’s commitment to secure and collaborative data management? Will Snowflake emerge as a leader in an increasingly data-centric world?

Feel free to pitch your thoughts in the comments section below!

First published on Wed, Dec 20, 2023

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