Snowflake, a data cloud company, has signed a definitive agreement to acquire Streamlit, a framework built specifically for machine learning and data science teams. Streamlit has more than 8 million downloads, and over 1.5 million applications have been built using their framework.

This strategic acquisition allows the two companies to unlock the potential of data and make it easier to build applications.

The Snowflake Data Cloud provides developers and data scientists with a secure collaboration hub for data, and Streamlit’s open-source framework enables developers and data scientists to build and share data apps quickly and iteratively. With the collaboration, the two companies will be able to enable developers to build apps using tools with simplified data access and governance. The companies will also benefit from a larger and more active community contributing to the Streamlit framework.

At the announcement, Snowflake Co-Founder and President of Products, Benoit Dageville, said, “When Snowflake and Streamlit come together, we will be able to provide developers and data scientists with a single, powerful hub to discover and collaborate with data they can trust to build next-generation data apps and shape the future of data science.”

Streamlit CEO and Co-Founder Adrien Treuille said, “By joining forces with Snowflake, both the Streamlit and Snowflake developer communities will be able to tap into cutting edge technologies for unlocking data’s true potential.”

Closing of the acquisition is subject to the receipt of required regulatory approvals and other customary closing conditions.