Why did Snowflake purchase Streamlit?

Knowledge cloud firm Snowflake has introduced that it is going to be buying Streamlit. Latter is a framework to simplify and speed up the event of knowledge purposes. This deal, at present valued at $800 million, is at a really preliminary stage and topic to regulatory approvals and customary closing situations.

Snowflake-Streamlit: A superb match

The 2 firms could be working collectively to assist builders construct apps with simplified information entry and governance. Present Snowflake prospects would be capable to leverage Streamlit’s app growth framework to make use of information with Snowflake Knowledge Cloud. Streamlit prospects, then again, will now have entry to ‘trusted and safe’ information for his or her purposes.

Based in 2018 by Adrien Treuille, Amanda Kelly, and Thiago Teixeira, the California-headquartered Streamlit gives an open-source framework to construct and share apps shortly. Streamlit has over 8 million downloads, and 1.5 million purposes have been constructed utilizing this framework.

Streamlit’s motivation was to make constructing instruments as straightforward as writing Python scripts. As a substitute of providing a one-size-fits-all software, Streamlit creates Lego-like capabilities which customers can be a part of collectively to go well with their wants. Streamlit treats widgets as variables, and each interplay reruns the script from high to backside. The product deploys apps instantly from non-public Git repos and updates on commits.

Co-founder and president of merchandise at Snowflake, Benoit Dageville, stated that with this partnership, Snowflake would be capable to provide even non-technical customers to work together with information and construct apps. Till now, Snowflake had instruments for accessing and managing technical information however lacked a knowledge visualisation platform; with Streamlit, that fills the void.

The place is Snowflake going?

In September 2020, San Mateo-headquartered Snowflake raised $3.36 billion in its preliminary public providing. At the moment, it was the largest US itemizing of the yr, surpassing the earlier greatest IPO of Royalty Pharma. Snowflake’s IPO was a rebound for the US inventory market when quite a lot of firms had put a maintain on IPO because of the pandemic.

Snowflake makes digital machines obtainable to anybody on the general public cloud platform. Regardless of dealing with stiff competitors from firms like Oracle, SQL Server, Amazon Redshift, and Google BigQuery, Snowflake continues to carry its floor.

The multi-cloud characteristic of Snowflake that makes cloud information warehousing helpful for its shoppers is its differentiating issue. Snowflake makes use of scalable cloud blob storage that’s obtainable in AWS, Azure or GCP. It gives reliability and scalability by utilising distributed storage techniques. Its structure cloud information warehouse can course of huge volumes of knowledge with a excessive diploma of effectivity. This distinctive structure makes Snowflake appropriate for a variety of purposes – streamlining information ingestion and integration, information warehousing, and streamlining information science workloads. 

As of January 2021, Snowflake has over 4,000 prospects, together with 186 from the Fortune 500 record. The corporate has a free-to-join market referred to as Snowflake Knowledge Alternate, the place prospects can join with information suppliers and get entry to a further information stream.

Snowflake and open supply

Most builders would favor a third-party vendor to handle their database, supplied components like security and reliability are taken under consideration. This explains why builders would possibly choose cloud over open supply, even because the latter is an effective way to construct software program and, in flip, foster a neighborhood.

That stated, firms like Snowflake proceed to be undefeated largely by their open-source counterparts. In an fascinating weblog on the corporate’s web site titled ‘Select open correctly’, authors write that Snowflake believes in ‘open the place open issues’. It signifies that whereas the corporate values open requirements and open supply however wouldn’t commerce it off for ease of use, clear optimisations, and steady enhancements. “Some firms tout being open and satisfaction themselves on being open supply, however in actuality, their embrace will not be 100%; as described on this doc, there are good causes dictating such departures. Our objective is to be clear and clear about how we take into consideration these matters at Snowflake and to dispel myths and misconceptions,” the authors write. Snowflake’s adamancy on remaining in a closed surroundings has irked stakeholders prior to now.

This makes one take into consideration the way forward for Streamlit with its newest acquisition. Streamlit, till now, has been a very open-source platform. What lies forward must be seen.

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