Cloud-based data warehouse company Snowflake on Wednesday stated that it was getting Neeva, a startup basedin Mountain View, California, for an undisclosed sum in an effort to include generative AI-based search to its Data Cloud platform.”Snowflake is getting Neeva, a search business founded to make search even more intelligent at
scale. Neeva produced an unique and transformative search experience that leverages generative AI and other developments to enable users to query and find information in brand-new methods,”Snowflake co-founder Benoit Dageville stated in an article.”Browse is fundamental to how businesses engage with data, and the search experience is developing quickly with brand-new conversational paradigms emerging in the way we ask concerns and obtain details, enabled by generative AI. The ability for teams to find specifically the ideal data point, information possession, or information insight is crucial to making the most of the value of data,”Dageville added.Snowflake has actually been on an acquisition spree lately, with the company acquiring LeapYear in February to enhance its information clean space abilties.The LeapYear acquisition came just a month after Snowflake consented to purchase synthetic intelligence-based time series forecasting platform provider Myst AI, taking the company’s acquisition count to seven business in three years.In August 2022 it purchased AI-based file analysis platform Applica, based in Poland, to assist enterprises deal with unstructured data. Other acquisitions included Streamlit(March 2022), Polish custom-made software business Pragmatists(January 2022), Polish digital products development studio Polidea(February 2021)
, and Canadian information anonymization business
CryptoNumerics(July 2020). Neeva, which has raised over$77 million in funding till date from firms such as Greylock and Sequoia, was founded in 2019 by Sridhar Ramaswamy and Vivek Raghunathan. Copyright © 2023 IDG Communications, Inc. Source
