Snowflake Acquires Neeva, Brings Generative AI Search … – CRN
Snowflake reports 48 percent year-over-year Q1 revenue growth, but company sees signs of spending pullback amid economic uncertainty.
Data cloud giant Snowflake has acquired Neeva, a developer of AI-driven search technology that the company plans to infuse across Snowflake’s data cloud services.
Snowflake disclosed the acquisition in a blog post by Benoit Dageville, Snowflake co-founder and president of products, on Wednesday shortly before Snowflake announced its fiscal 2024 first quarter financial results.
News of the acquisition comes after Neeva, which offered an advertising-free and tracking-free search engine, said on May 20 that it would shut down as of June 2. The company was co-founded in 2019 by Sridhar Ramaswamy – who worked at Google for 16 years – and Vivek Raghunathan. The company had raised $77.5 million in funding, according to the Crunchbase website.
[Related: Snowflake Acquisition Expands Legacy Data Conversion Offerings]
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source: https://news.oneseocompany.com/2023/05/24/snowflake-acquires-neeva-brings-generative-ai-search-crn_2023052445231.html
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