M&A Deal Summary

Snowflake Acquires Truera - AI Observability Platform

On May 22, 2024, Snowflake acquired internet software and services company Truera - AI Observability Platform from Truera

Acquisition Highlights
  • This is Snowflake’s 2nd transaction in the Internet Software and Services sector.
  • This is Snowflake’s 3rd transaction in the United States.
  • This is Snowflake’s 3rd transaction in California.

M&A Deal Summary

Date 2024-05-22
Target Truera - AI Observability Platform
Sector Internet Software and Services
Buyer(s) Snowflake
Sellers(s) Truera
Deal Type Divestiture

Target

Truera - AI Observability Platform

Redwood City, California, United States
Truera's AI Observability Platform provides leading capabilities to evaluate and monitor LLM apps and machine learning models in production,” the company said in a statement.

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Buyer(S) 1

Buyer

Snowflake

Bozeman, Montana, United States

Category Company
Founded 2012
Sector Internet Software and Services
Employees7,834
Revenue 3.6B USD (2025)
DESCRIPTION

Snowflake is an entity which provides a cloud-based data platform in the United States and internationally. Snowflake was founded in 2012 and and is based in Bozeman, Montana.


DEAL STATS #
Overall 3 of 6
Sector: Internet Software and Services M&A 2 of 3
Type: Divestiture M&A Deals 1 of 1
State: California M&A 3 of 3
Country: United States M&A 3 of 6
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 Neeva

Mountain View, California, United States

Neeva is a search company to make the search even more intelligent at scale. Neeva created a unique and transformative search experience that leverages generative AI and other innovations to allow users to query and discover data in new ways. Neeva is based in Mountain View, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-24 Night Shift Development

McLean, Virginia, United States

Night Shift Development is a solutions provider on a mission to democratize data analytics by putting solutions into the hands of users of all technical skill levels. Night Shift Development was formed in 2017 and is based in McLean, Virginia.

Buy -

Seller(S) 1

SELLER

Truera

Redwood City, California, United States

Category Company
Founded 2019
Sector Software
DESCRIPTION

Truera provides lifecycle management capabilities for machine learning and large language models (LLMs). Truera was formed in 2019 and is headquartered in Redwood City, California.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1