Snowflake, advancing a $1 billion acquisition of Observe... in direct competition with SplunkIt is reported that Snowflake Inc. (SNOW) is advancing the acquisition of Observe, a cloud-based observability platform company. If the deal is completed, the scale is expected to reach approximately $10 billion (about 1.44 trillion KRW), making it the largest startup acquisition in Snowflake's history.
Observe provides real-time detection tools for issues such as latency or server failures, and helps engineers analyze problems through an integrated chatbot. Existing solutions mainly offer SQL-based analysis functions, while Observe's feature is its proprietary language OPAL, which enables functions focused on time series analysis. This allows the platform to track log errors during specific periods or perform comparative analysis with previous periods.
Notably, Observe also addresses security threat detection within the Snowflake environment and aims to reduce infrastructure costs.
TechubNews·33m ago