Snowflake Inc.

Snowflake Inc.
Company typePublic
FoundedJuly 23, 2012 (2012-07-23)
Founders
  • Benoît Dageville
  • Thierry Cruanes
  • Marcin Żukowski
HeadquartersBozeman, Montana, U.S.
Key people
ServicesCloud Data Platform
RevenueIncrease US$2.806 billion (2024)
Decrease US$−1.09 billion (2024)
Decrease US$−836 million (2024)
Total assetsIncrease US$8.223 billion (2024)
Total equityDecrease US$5.180 billion (2024)
Number of employees
7,004 (2024)
Websitewww.snowflake.com Edit this at Wikidata
Footnotes / references
Financials as of January 31, 2024.[1]

Snowflake Inc. is an American cloud computing–based data cloud company based in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode.[2][3]

The firm offers a cloud-based data storage and analytics service, generally termed "data-as-a-service".[4][5] It allows corporate users to store and analyze data using cloud-based hardware and software. The Snowflake service's main features are separation of storage and compute, on-the-fly scalable compute, data sharing, data cloning, and support for third-party tools.[6] It has run on Amazon Web Services since 2014,[2] on Microsoft Azure since 2018[7] and on the Google Cloud Platform since 2019.[8][9] The company was ranked first on the Forbes Cloud 100 in 2019.[10] The company's initial public offering raised $3.4 billion in September 2020, one of the largest software IPOs in history.[11]

  1. ^ "US SEC: Form 10-K Snowflake, Inc". U.S. Securities and Exchange Commission. March 26, 2024.
  2. ^ a b Handy, Alex (October 23, 2014). "Snowflake offers cloud data warehouse as a service, cheaply". SD Times.
  3. ^ Wingfield, Nick (October 21, 2014). "Longtime Microsoft Executive Opens Cloud Database Start-Up". The New York Times. Retrieved June 6, 2023.
  4. ^ Cite error: The named reference raises was invoked but never defined (see the help page).
  5. ^ Bass, Dina (October 21, 2014). "Snowflake Takes Aim at Amazon, Hadoop With New Data Service". Bloomberg News.
  6. ^ Reckers, Ed (January 14, 2022). "What is the Snowflake Data Platform?". SnapLogic. Retrieved October 22, 2022.
  7. ^ Brust, Andrew (July 12, 2018). "Snowflake's cloud data warehouse comes to Microsoft Azure". ZDNet.
  8. ^ Cite error: The named reference aiforce was invoked but never defined (see the help page).
  9. ^ Ichhpurani, Kevin (June 4, 2019). "Announcing Snowflake on Google Cloud Platform". Google Cloud Platform.
  10. ^ Brier, Elisabeth; Cai, Kenrick; Jeans, David; Melton, Monica (September 16, 2020). Konrad, Alex (ed.). "The Cloud 100 2019". Forbes.
  11. ^ La Monica, Paul R. (September 16, 2020). "Snowflake Shares More than Double. It's the Biggest Software IPO Ever". CNN. New York. Retrieved June 6, 2023.

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