Snowflake is a cloud-based data-warehousing startup that provides a data warehouse as a service designed for the cloud.
Snowflake is the only data warehouse built for the cloud for all your data & all your users. It's unique architecture delivers proven breakthroughs in performance, concurrency and simplicity.
Snowflake Computing was founded in 2012 by Benoit Dageville, Thierry Cruanes and Marcin Zukowski. The company is headquartered in Silicon Valley and are growing it's team in the San Francisco Bay Area.
Snowflake’s technology combines the power of data warehousing, the flexibility of big data platforms and the elasticity of the cloud at a fraction of the cost of traditional solutions.
Snowflake Computing sells a cloud-based data storage and analytics service called Snowflake Elastic Data Warehouse. It allows corporate users to store and analyze data using cloud-based hardware and software. The data is stored in Amazon S3.
As of January 2018, Snowflake is used by over 1000 organizations, including Capital One, Rent the Runway and Adobe.
Snowflake is backed by leading investors including Sequoia Capital, ICONIQ Capital, Redpoint, Dragoneer Investment Group, Capital One Growth Ventures and others. The company raised $479M in latest financing on Feb 07, 2020. This brings Snowflake's total funding to $1.407.9B to date. The latest round gives the company a whooping $12.4B valuation.
Snowflake went public on Sep 16, 2020. The company raised nearly $3.4B from the IPO, the deal valued the company at around $70B. The debut makes Snowflake the largest software IPO ever, easily topping the 2007 IPO of Dell (DELL)-backed VMWare (VMW), which raised nearly $1 billion. Snowflake's was identified as a "Cool Vendor" in Gartner's Magic Quadrant and won first place at the 2015 Strata + Hadoop World startup competition.