Snowflake to acquire LeapYear to boost data clean room abilities

By Anirban Ghoshal Cloud-based data warehouse company Snowflake on Tuesday announced its intent to acquire secure data-sharing software provider LeapYear Technologies in an effort to boost its data clean room capabilities. What is a data clean room? Data clean rooms are software frameworks that allow different organizations to collaborate on data analysis by allowing multiple parties to analyze data sets without disclosing the raw data to one another. “To further our mission of mobilizing the World’s data — including some of the most sensitive data — Snowflake is announcing its intent to acqui…

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