Snowflake

Snowflake is the only data warehouse built for the cloud

#294

Rank

$56.82B

MarketCap US

US United States

Country

Summary

Snowflake Inc. is a cloud-based data warehousing company that was founded in 2012 by three data warehousing experts. The company is headquartered in Bozeman, Montana, USA, and has offices in several countries around the world.

Snowflake's platform is built on top of Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). It enables businesses to store and analyze large amounts of data in real-time using SQL queries. The platform is known for its flexibility, scalability, and ease of use.

In September 2020, Snowflake went public and had one of the largest software IPOs in history. The company is now listed on the New York Stock Exchange (NYSE) under the ticker symbol SNOW.

Snowflake has received numerous awards and accolades for its innovation and impact on the data warehousing industry. In 2020, Snowflake was named to Forbes Cloud 100 list, and in 2021, it was recognized as a Leader in Gartner's Magic Quadrant for Cloud Database Management Systems.


History

Snowflake is a software company that develops cloud-based data warehousing services. The company was founded in 2012 by Marcin Zukowski, Benoit Dageville, and Thierry Cruanes, who were all data-warehousing experts at Oracle Corporation. The three founders recognized the need for a cloud-based data warehouse that could leverage the scalability and power of the cloud to enable companies to store and query data in near real-time.

Initially called ‘Tardigrade,’ the company changed its name to Snowflake in 2013. In its early years, Snowflake focused on building a scalable and flexible data warehouse platform that could be deployed on any cloud provider. The company gained significant traction when it signed a strategic partnership with Amazon Web Services (AWS) in 2014, which allowed Snowflake to leverage AWS's infrastructure to offer its customers a highly scalable and reliable data warehousing service.

As Snowflake continued to gain market share, it attracted high-profile customers like Sony, American Express, and Mastercard, who used its services for their data storage, access, and analysis needs. The company also expanded its presence in the market by announcing a $263.5M expansion round in 2020, which brought its total funding to over $1.4 billion.

In September 2020, Snowflake announced plans to go public on the New York Stock Exchange (NYSE) and had one of the largest software initial public offerings (IPOs) in history, raising $3.4 billion. The company's IPO was a significant milestone for the cloud-based data warehousing industry, and it further cemented Snowflake's position as a leader in the space.

Today, Snowflake continues to innovate and expand its platform, enabling companies of all sizes to store, access, and analyze their data in real-time. The company's success is a testament to its founders' vision, which was to build a cloud-based data warehouse that could transform the way companies manage their data.


Mission

Snowflake's mission is to empower organizations to unlock the value of their data with instant elasticity, secure data sharing, and per-second pricing. This mission reflects the company's commitment to helping businesses of all sizes manage and leverage their data more efficiently and effectively.

Instant Elasticity: Snowflake's data warehousing service is designed to be highly elastic, enabling organizations to scale their data storage and compute resources up or down in near real-time. This means that companies can quickly adjust their data infrastructure to meet changing business needs, without worrying about infrastructure management or downtime.

Secure Data Sharing: Snowflake's platform is built with security in mind, offering robust encryption and access controls to protect sensitive data. The platform also enables secure data sharing, allowing organizations to share data with partners and collaborators without compromising its integrity or confidentiality.

Per-Second Pricing: Snowflake's per-second pricing model is designed to be highly flexible, allowing organizations to pay only for the data storage and compute resources they need when they need them. This helps companies optimize their data infrastructure costs and avoid over-provisioning or under-provisioning their resources.


Vision

Snowflake's vision is to be the most broadly used, technologically advanced, and trusted cloud data platform in the world. This vision reflects the company's commitment to innovation, scalability, and reliability, as well as its desire to be the go-to solution for businesses of all sizes and industries.

Broad Usage: Snowflake aims to be the most broadly used cloud data platform by offering a flexible and scalable data warehousing service that can be tailored to meet the needs of any business. The company's platform is designed to be easy to use and accessible to all types of users, from data analysts and developers to business leaders and executives.

Technological Advancement: Snowflake is committed to being the most technologically advanced cloud data platform by continuously innovating and improving its platform. The company invests heavily in research and development to ensure that its platform remains at the forefront of technology trends, such as artificial intelligence, machine learning, and data analytics.

Trusted Platform: Snowflake is also focused on building a platform that is highly trusted by its customers and partners. The company places a strong emphasis on security, compliance, and data privacy, and has earned certifications from leading industry organizations, such as SOC 2 Type II, PCI DSS, and HIPAA. Additionally, Snowflake offers transparent pricing, flexible deployment options, and world-class customer support to ensure that its customers have a positive experience with the platform.


Key Team

Marcin Zukowski (Founders)

Michael P Scarpelli (Chief Financial Officer)

Sunny Bedi (CIO & CDO)

Chris Degnan (Chief Revenue Officer)

Denise Persson (Chief Marketing Officer)

Rob Specker (Chief Legal Officer)

Ahmad Khan (Principal Architect, Data Science, Field CTO Office)

Amanda Avalos (Newbury) (Executive Assistant To Chief Revenue Officer at Snowflake Computing)

Carl Eschenbach (Board Member)


Recognition and Awards
Snowflake is recognized by industry-leading organizations through awards and honors. Our customers are at the center of everything we do and they continue to recognize us annually for our world-class products and services.

Products and Services

Snowflake offers a variety of cloud-based data warehousing products and services to help organizations manage and leverage their data more efficiently and effectively. These products and services include:

Snowflake Cloud Data Platform: Snowflake's flagship product is its cloud data platform, which provides a scalable, secure, and flexible solution for data warehousing, data lakes, and data sharing. The platform is built on a modern cloud architecture, enabling organizations to store and analyze large amounts of data in real-time, without the need for complex infrastructure management or manual data processing.

Snowpark: Snowpark is a developer-friendly feature that enables data engineers and developers to write custom code directly within the Snowflake platform, using popular programming languages like Java and Python. This allows users to build more complex data pipelines and automate data processing tasks, without the need for additional tools or software.

Snowflake Data Marketplace: The Snowflake Data Marketplace is a curated data exchange where organizations can discover, access, and share a wide range of third-party data sets. The marketplace offers a variety of data sources, including public data, commercial data, and data shared by other Snowflake customers.

Snowflake Partner Connect: Snowflake Partner Connect is a network of technology and service partners that offer complementary solutions and services to enhance the Snowflake platform. The program provides a streamlined way for customers to discover and connect with partners, allowing them to quickly and easily extend their data capabilities.

Snowflake Professional Services: Snowflake Professional Services is a team of experts that offer consulting, implementation, and support services to help customers optimize their use of the Snowflake platform. The team works closely with customers to understand their unique needs and provide tailored solutions that address specific business challenges.

By offering a comprehensive cloud-based data warehousing platform, Snowflake is empowering businesses of all sizes and industries to unlock the full potential of their data, and drive innovation and growth.
 


References
Snowflake
Leadership team

Benoit Dageville (Founder)

Thierry Cruanes (Co-Founder & CTO)

Products/ Services
Data warehouse, Data cloud, Cybersecurity
Number of Employees
1,000 - 20,000
Headquarters
Bozeman, Montana, US
Established
2012
Company Registration
SEC CIK number: 0001640147
Revenue
Above - 1B
Traded as
SNOW
Social Media
Sat Feb 24 2024
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