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Fortune

Alexei Oreskovic

Snowflake CEO says environment for deals is good as VC-backed startups look for exits

Snowflake Sridhar Ramaswamy Environment Fortune

(Credit: Justin Sullivan/Getty Images)

Snowflake CEO Sridhar Ramaswamy, who joined the $70 billion company in 2023 when his startup was acquired, says now is a good time for big companies to go shopping for startups.

On Monday, Snowflake announced plans to acquire Crunchy Data for a reported $250 million. And in an interview with Fortune after the announcement, Ramaswamy pointed to a confluence of factors making the current environment “quite good for deals.”

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