Snowflake
Facts
- HQ
- none
- Sectors
- Cloud, Data warehousing, Data governance, Data platform
- Stage
- Public
Amazon to acquire DuckLabs; DuckDB creators join AWS while DuckDB stays open-source under a foundation
Amazon will acquire DuckLabs, the Amsterdam team behind the open-source DuckDB database, with DuckDB remaining free under the DuckDB Foundation while DuckLabs employees (including co‑founders Hannes Mühleisen and Mark Raasveldt) join AWS. Financial terms were not disclosed; Amazon expects the deal to close shortly and DuckLabs to become part of AWS in early September as Amazon pushes to make S3 a hub for direct data analysis.
Insurtech Faye raises $50M led by Madrona, bringing total funding to $100M as it scales AI and international growth
Faye, a Richmond-based travel insurance app, raised $50 million led by Madrona, bringing its total funding to $100 million since 2022 to scale AI, expand internationally, and improve claims and UX; the company reported millions of customers and $100 million in annualized revenue last year. Co-founder and CEO Elad Schaffer called the raise a shift from startup to scale-up as Faye pursues growth toward a possible future IPO.
Faye Raises $50M Series C on Aug 5, 2026 to Build Autonomous AI Traveler Care Platform, Total Funding Reaches $100M
Faye announced a $50 million Series C on Aug 5, 2026 to build an autonomous AI platform for traveler care, bringing total funding to $100 million and funding AI investments, partnerships, and global expansion.
