Snowflake Inc. × Streamlit, Inc.
Data Cloud company Snowflake acquired Streamlit, the creator of a popular open-source framework for building data science and machine learning applications. [59, 66] The price was widely reported as $800 million. [71, 72, 75] One filing stated the acquisition date fair value of the purchase consideration was $650.8 million in cash and stock, while also mentioning a separate figure of approximately $710 million. [60] The acquisition was designed to allow developers to build applications using Streamlit's framework with simplified access to data within the Snowflake Data Cloud. [59, 76]
The asset
The company and its open-source framework for building and sharing data applications in the Python programming language. [59, 64]
The record
- Seller status
- Going concern
- Sector
- open-source software
- Modalities
- software, open-source framework
- Jurisdiction
- US
What it means if you hold data
This deal shows a major data platform investing heavily in the 'last mile' of data consumption by acquiring a leading tool for creating user-facing applications. It underscores the value of developer communities and open-source frameworks in the enterprise data ecosystem.