Announced
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Pending
data science
Friendly
United States
machine learning
Domestic
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cryptography
cloud-based enterprise software
Private
data security
Acquisition
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Software
Synopsis
Snowflake, a cloud data warehousing company, agreed to acquire LeapYear, a software company that enables analysis and sharing of sensitive data. Financial terms were not disclosed. "To further our mission of mobilizing the world’s data — including some of the most sensitive data — Snowflake is announcing its intent to acquire LeapYear, a differential privacy platform, and bring the LeapYear team and technology into Snowflake to help our customers leverage previously off-limits data. For these sensitive use cases, differential privacy augments private data collaboration with mathematically proven-privacy protection. LeapYear’s technology has shown that it can enable the largest enterprises to break down data silos, form data partnerships, and accelerate the adoption of machine learning. We look forward to working with the LeapYear team to mobilize the world’s most sensitive data," Carl Perry, Snowflake Director of Product Management.
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