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Story summary
- Snowflake Inc. announced on January 8, 2026 that it plans to acquire Observe, an observability platform, pending regulatory approval.
- The acquisition would integrate Observe’s product into Snowflake Inc.’s offerings.
- Observe was founded in 2017 and has raised nearly $500 million in venture capital.
- Observe was valued at $848 million as of July 2025.
- The deal is reportedly valued around $1 billion, making it Snowflake Inc.’s largest acquisition to date.
