Snowflake Acquires Myst

The stealthy rise of Time series forecasting and A.I. of Everything.

Hey Everyone,

So Snowflake has acquired Myst. Snowflake Inc. is acquiring Myst AI, a startup that offers an artificial intelligence development platform for companies in the energy sector. Watching Snowflake and Databricks make acquisitions is super interesting to me.

Snowflake is incredible, even with a rout of Tech stocks in 2022, its market cap is still $40 Billion. Not many companies in the world can do this:

2023 Q3:

When you think of BigTech companies becoming and driving ESG, this is a timely acquisition. Energy companies use AI models to predict electricity price fluctuations, changes in customer demand and other trends. San Francisco-based Myst offers a platform that makes it easier to develop AI models capable of making business forecasts. The startup’s platform also automates related tasks, such as the process of deploying neural networks in production.

Myst.AI had raised $8 million in funding according to Crunchbase.

Myst AI is a developer of the AI-based data analysis platform intended for electricity demand and supply forecasting.

Okay Montana? What! Over the last year, Snowflake has worked aggressively to expand its data cloud. The Montana-based company has been focusing on building machine learning extensibility into the platform, and with this deal, it has taken a step in this direction.