Snowflake Inc.

{{Infobox company

| logo = Snowflake Logo.svg

| image =

| type = Public

| traded_as = {{ubl|class=nowrap|{{NYSE|SNOW}} (Class A)|Russell 1000 component}}

| founded = {{Start date and age|2012|07|23}}

| founders = {{ubl|Benoît Dageville|Thierry Cruanes|Marcin Żukowski}}

| key_people = {{ubl|Frank Slootman (chairman)|Sridhar Ramaswamy (CEO)| Benoît Dageville (president)|Thierry Cruanes (CTO)}}

| services = Cloud data platform

| revenue = {{increase}} {{US$|3.63 billion|link=yes}} (2025)

| operating_income = {{decrease}} {{US$|-1.5 billion}} (2025)

| net_income = {{decrease}} {{US$|-1.3 million}} (2025)

| assets = {{increase}} {{US$|9.03 billion}} (2025)

| equity = {{decrease}} {{US$|3.01 billion}} (2025)

| num_employees = 7,834 (2025)

| website = {{Official URL}}

| footnotes = Financials {{as of|2025|01|31|lc=y|df=US}}.{{cite web |title=US SEC: Form 10-K Snowflake, Inc. |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1640147/000164014725000052/snow-20250131.htm |publisher=U.S. Securities and Exchange Commission |date=March 21, 2025}}

}}

File:SnowflakeBooth.jpg

Snowflake Inc. is an American cloud-based data storage company. Headquartered in Bozeman, Montana, it operates a platform that allows for data analysis and simultaneous access of data sets with minimal latency. It operates on Amazon Web Services, Microsoft Azure, and Google Cloud Platform. {{As of|November 2024}}, the company had 10,618 customers, including more than 800 members of the Forbes Global 2000, and processed 4.2 billion daily queries across its platform.{{cite web |title=US SEC: Form 10-K Snowflake, Inc. |url=https://www.sec.gov/ix?doc=/Archives/edgar/data/1640147/000164014724000101/snow-20240131.htm |publisher=U.S. Securities and Exchange Commission |date=March 26, 2024}}

History

Snowflake Inc. was founded in July 2012 in San Mateo, California, by Benoît Dageville, Thierry Cruanes and Marcin Żukowski. Dageville and Cruanes previously worked as data architects at Oracle Corporation; Żukowski was a co-founder of Vectorwise. Mike Speiser, a venture capitalist at Sutter Hill Ventures, which provided early funding to the company, was the company's first CEO.{{cite news | last=Anders | first=George | title=You're never too old to excel: How Snowflake thrives with 'dinosaur' cofounders and a 60-year-old CEO. | work=LinkedIn | url=https://www.linkedin.com/pulse/youre-never-too-old-excel-how-snowflake-thrives-dinosaur-anders | date=September 4, 2019}}

In June 2014, Bob Muglia, formerly of Microsoft, was named CEO. In October 2014, Snowflake came out of stealth mode; at that time it was used by 80 organizations.{{cite news | last=Bass | first=Dina | title=Snowflake Takes Aim at Amazon, Hadoop With New Data Service | work=Bloomberg News | date=October 21, 2014 | url=https://www.bloomberg.com/news/articles/2014-10-21/snowflake-takes-aim-at-amazon-hadoop-with-new-data-service | url-access=subscription}}

Snowflake has run on Amazon Web Services since 2014,{{cite news | title=Snowflake offers cloud data warehouse as a service, cheaply | url=https://sdtimes.com/amazon-web-services/snowflake-offers-cloud-data-warehouse-service-cheaply/ | first=Alex | last=Handy | newspaper=SD Times | date=October 23, 2014}}{{cite news | title=Longtime Microsoft Executive Opens Cloud Database Start-Up | first=Nick | last=Wingfield | url=https://archive.nytimes.com/bits.blogs.nytimes.com/2014/10/21/longtime-microsoft-executive-opens-cloud-database-start-up/ | newspaper=The New York Times | date=October 21, 2014 |url-access=limited}} on Microsoft Azure since 2018,{{cite news | last=Brust | first=Andrew | title=Snowflake's cloud data warehouse comes to Microsoft Azure | work=ZDNet | url=https://www.zdnet.com/article/snowflakes-cloud-data-warehouse-comes-to-microsoft-azure/ | date=July 12, 2018}} and on the Google Cloud Platform since 2019.{{cite press release | url=https://cloud.google.com/blog/products/data-analytics/announcing-snowflake-on-google-cloud-platform | last=Ichhpurani |first=Kevin |title=Announcing Snowflake on Google Cloud Platform | work=Google Cloud Platform | date=June 4, 2019}}

In June 2015, Snowflake launched its first product, its cloud data warehouse.

In May 2019, Frank Slootman, formerly CEO of ServiceNow, joined Snowflake as its CEO.{{cite news |url=https://www.forbes.com/sites/tomtaulli/2019/06/05/snowflake-the-ai-force-multiplier/ |last=Taulli | first=Tom | title=Snowflake: The AI Force Multiplier | work=Forbes | date=June 5, 2019}}

In June 2019, the company launched Snowflake Data Exchange.{{cite press release | url=https://www.prnewswire.com/news-releases/snowflake-announces-data-exchange-to-break-down-data-barriers-300861264.html | title=Snowflake Announces Data Exchange to Break Down Data Barriers | publisher=PR Newswire | date=June 4, 2019}}

In December 2020, the company added Knoema as a data provider in the Snowflake Data Marketplace.{{Cite news | url=https://venturebeat.com/business/knoema-announces-acquisition-by-eldridge-and-partnership-with-snowflake/ | title=Knoema announces acquisition by Eldridge and partnership with Snowflake | first=Manasa | last=Gogineni | work=VentureBeat | date=December 21, 2020}}

In May 2021, the company became a distributed company, with a principal executive office in Bozeman, Montana.{{cite news | title=Snowflake relocates executive office from California to Bozeman, Montana, as company goes distributed | last=Levy | first=Ari | url=https://www.cnbc.com/2021/05/26/snowflake-moves-executive-office-from-california-to-bozeman-montana.html | work=CNBC |date=May 26, 2021}}

In October 2022, the company acquired a 5% stake in advanced TV advertising firm OpenAP.{{Cite news |url=https://venturebeat.com/data-infrastructure/snowflake-acquires-stake-in-openap-to-set-up-data-clean-room-for-advertisers/ | last=Sharma | first=Shubham | title=Snowflake acquires stake in OpenAP to set up data clean room for advertisers | work=VentureBeat | date=October 17, 2022}}

In May 2023, Snowflake agreed to acquire privacy-focused search startup, Neeva, for $185 million.{{cite news | url=https://www.cnbc.com/2023/05/24/snowflake-snow-earnings-q1-2024.html | title=Snowflake shares plunge 12% on guidance miss, acquisition of search startup Neeva | last=Palmer | first=Annie | work=CNBC | date=May 24, 2023}}

On February 28, 2024, Frank Slootman retired as CEO and was replaced by Neeva's cofounder Sridhar Ramaswamy.{{cite news | last=Vanian | first=Jonathan |title=Snowflake says Frank Slootman is retiring as CEO; stock plunges 20% | url=https://www.cnbc.com/2024/02/28/snowflake-says-frank-slootman-is-retiring-as-ceo-stock-plunges-20percent.html | work=CNBC |date=February 28, 2024}}

Products

Snowflake develops and sells a cloud-based data platform known as the Data Cloud. The platform allows organizations to unify data warehousing, data lakes, data engineering, and data sharing into a single service. Snowflake runs on public cloud infrastructure such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP), and separates compute from storage for scalable, on-demand analytics.{{cite web |title=How Snowflake Works |url=https://www.snowflake.com/en/data-cloud/ |website=Snowflake |access-date=May 19, 2025}}

In 2020, Snowflake introduced Snowpark, a developer framework that enables writing data pipelines and business logic using Java, Scala, and Python directly within Snowflake.{{cite web |title=Announcing Snowpark: Bringing Data Programmability to the Data Cloud |url=https://www.snowflake.com/blog/announcing-snowpark-developer-experience/ |website=Snowflake |date=June 15, 2021 |access-date=May 19, 2025}}

In 2021, Snowflake launched Unistore, a hybrid workload that combines transactional and analytical operations within the same platform, enabling real-time applications to be built directly on Snowflake.{{cite news |title=Snowflake introduces Unistore to combine OLTP and OLAP |url=https://www.zdnet.com/article/snowflake-looks-to-extend-data-cloud-with-transactional-workloads-unistore/ |website=ZDNet |date=June 15, 2021 |access-date=May 19, 2025}}

In 2023, the company introduced the Native App Framework, which allows developers to build, distribute, and monetize applications that run securely within a customer’s Snowflake account.{{cite web |title=Build and Monetize Data Apps with the Snowflake Native App Framework |url=https://www.snowflake.com/blog/build-and-monetize-data-apps-native-app-framework/ |website=Snowflake |date=June 27, 2023 |access-date=May 19, 2025}}

Snowflake also provides services including Snowpipe for continuous data ingestion and the Snowflake Marketplace, where organizations can access and share live, query-ready datasets.{{cite web |title=Data Sharing and Marketplace |url=https://docs.snowflake.com/en/user-guide/data-marketplace-intro.html |website=Snowflake Docs |access-date=May 19, 2025}}

In 2024, Snowflake launched Cortex, a set of generative AI services embedded into the platform. Cortex includes access to large language models, vector search, and model deployment capabilities, allowing users to build AI-powered applications using SQL or Python.{{cite web |title=Introducing Snowflake Cortex |url=https://www.snowflake.com/blog/introducing-snowflake-cortex/ |website=Snowflake |date=November 1, 2023 |access-date=May 19, 2025}}

Snowflake supports workloads such as machine learning, streaming analytics, business intelligence, and unstructured data processing, with integrations for tools like Tableau, Power BI, and Sigma Computing.{{cite web |title=Snowflake Ecosystem |url=https://www.snowflake.com/en/partners/technology/ |website=Snowflake |access-date=May 19, 2025}}

2024 data breach

In 2024, customers of Snowflake were targeted as part of a mass customer data theft and extortion campaign.{{Cite magazine |url=https://www.wired.com/story/snowflake-breach-advanced-auto-parts-lendingtree/ |title=The Snowflake Attack May Be Turning Into One of the Largest Data Breaches Ever |magazine=WIRED |date=June 6, 2024}}{{cite news |url=https://techcrunch.com/2024/06/05/snowflake-customer-passwords-found-online-infostealing-malware/ |title=Hundreds of Snowflake customer passwords found online are linked to info-stealing malware |first=Zach | last=Whittaker | work=TechCrunch |date=June 5, 2024}}{{Cite news |url=https://www.bleepingcomputer.com/news/security/advance-auto-parts-stolen-data-for-sale-after-snowflake-attack/ |title=Advance Auto Parts stolen data for sale after Snowflake attack | first=Sergiu | last=Gatlan | work=Bleeping Computer |date=June 5, 2024}}{{Cite news | url=https://www.techtarget.com/searchsecurity/news/366588655/Mandiant-Exposed-credentials-led-to-Snowflake-attacks |title=Mandiant: 'Exposed credentials' led to Snowflake attacks | first=Alexander | last=Culafi | work=TechTarget | date=June 10, 2024}} Data breaches affected Ticketmaster,{{cite news | url=https://techcrunch.com/2024/05/31/live-nation-confirms-ticketmaster-was-hacked-says-personal-information-stolen-in-data-breach/ | last=Whittaker | first=Zack | title=Live Nation confirms Ticketmaster was hacked, says personal information stolen in data breach | work=TechCrunch |date=May 31, 2024}} Advance Auto Parts,{{Cite news | url=https://therecord.media/advance-auto-parts-data-breach-2million | title=Advance Auto Parts says more than 2 million impacted by data breach | first=Jonathan | last=Grieg | work=Recorded Future | date=July 11, 2024}} Santander Bank, Neiman Marcus, LendingTree, AT&T, Pure Storage, and Bausch Health.{{Cite news |last=Cox |first=Joseph | title=Hacker Breaches Pharma Giant Bausch Health, Wants to Extort DEA |url=https://www.404media.co/hacker-breaches-pharma-giant-bausch-health-wants-to-extort-dea/ | work=404 Media |date=July 30, 2024}}

Two men were involved in the hacking conspiracy. Connor Riley Moucka aka Waifu, 25, of Kitchener, Ontario, and John Erin Binns aka IRDev. Moucka was arrested on October 30, 2024; a Washington state court has issued an indictment on charges of conspiracy, computer fraud and abuse, extortion, and aggravated identity theft.{{Cite web |url=https://www.therecord.com/news/waterloo-region/accused-kitchener-hacker-unmasked-after-threatening-woman-online/article_3501ea8b-1514-5524-8de6-f52e92c3e103.html |title=Accused Kitchener hacker unmasked after threatening woman online |first=Terry |last=Pender |date=November 29, 2024 |website=The Record}}{{Cite web |url=https://www.bleepingcomputer.com/news/security/us-indicts-snowflake-hackers-who-extorted-25-million-from-3-victims/ |title=US indicts Snowflake hackers who extorted $2.5 million from 3 victims |website=BleepingComputer}}{{Cite web |url=https://www.documentcloud.org/documents/25290989-snowflake-indc |title=Indictment |via=DocumentCloud}}

Funding

In 2012, Snowflake raised $5 million in a Series A round. In October 2014, it raised $26 million.

In June 2015, the company raised $45 million.{{cite news | last=Vanian | first=Jonathan | title=This big data startup is as unique as a snowflake | url=https://fortune.com/2015/06/23/big-data-startup-snowflake/ | work=Fortune | date=June 23, 2015 | url-access=subscription}}{{cite news | last=Hesseldahl | first=Arik | title=Big Data Startup Snowflake Raises $45 Million, Launches First Product | work=Vox Media | url=https://www.vox.com/2015/6/23/11563788/big-data-startup-snowflake-raises-45-million-launches-first-product | date=June 23, 2015}}{{cite news | last=Brust | first=Andrew | title=Cloud data warehouse race heats up | work=ZDNet | url=https://www.zdnet.com/article/cloud-data-warehouse-race-heats-up/ | date=June 26, 2015}} It raised $100 million in April 2017.{{cite news | last=Dignan | first=Larry | title=Snowflake Computing raises $100 million to expand cloud data warehouse footprint | work=ZDNet | url=https://www.zdnet.com/article/snowflake-computing-raises-100-million-to-expand-cloud-data-warehouse-footprint/ | date=April 5, 2017}}{{cite news | title=Cloud data warehouse startup Snowflake raises $100 million led by Iconiq | work=VentureBeat | url=https://venturebeat.com/2017/04/05/cloud-data-warehouse-startup-snowflake-raises-100-million-led-by-iconiq/ | first1=Bérénice | last1=Magistretti | first2=Jordan | last2=Novet | date=April 5, 2017}}

In January 2018, the company raised $263 million at a $1.5 billion valuation, making it a unicorn.{{Cite news | url=https://techcrunch.com/2018/01/25/snowflake-lands-263-million-investment-on-unicorn-valuation/ |title=Snowflake lands massive $263 million investment on unicorn valuation | last=Miller | first=Ron | work=TechCrunch | date=January 25, 2018}}

In October 2018, Snowflake raised $450 million in a round led by Sequoia Capital, at a $3.5 billion valuation.{{cite news | last=Dignan | first=Larry | title=Snowflake raises $450 million in another VC round, valued at $3.5 billion | url=https://www.zdnet.com/article/snowflake-raises-450-million-in-another-vc-round-valued-at-3-5-billion/ | work=ZDNet | date=October 22, 2018}}{{cite news | url=https://www.geekwire.com/2018/huge-new-450m-funding-round-snowflake-computing-now-raised-almost-1-billion/ | title=With huge new $450M funding round, Snowflake Computing has now raised almost $1 billion |last=Krazit |first=Tom

| work=GeekWire | date=October 11, 2018}}

On February 7, 2020, the company raised $479 million. At that time, it had 3,400 active customers.{{Cite news | url=https://techcrunch.com/2020/02/09/after-479m-round-on-12-4b-valuation-snowflake-ceo-says-ipo-is-next-step/ | title=After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step | first=Ron | last=Miller |work=TechCrunch | date=February 9, 2020}}

On September 16, 2020, Snowflake became a public company via an initial public offering, raising $3.4 billion in one of the largest software IPOs and the largest to double on its first day of trading.{{Cite news | url=https://www.wsj.com/articles/snowflakes-shares-soar-in-ipo-11600275246 | title=Snowflake's Stock Price Soars in IPO | first=Corrie | last=Driebusch | work=The Wall Street Journal | date=September 16, 2020 | url-access=subscription}}{{Cite news | url=https://www.marketwatch.com/story/snowflake-ipo-surge-makes-it-the-priciest-tech-stock-by-a-mile-11600294394 | title=Snowflake IPO surge makes it the priciest tech stock by a mile | first=Emily | last=Bary | work=MarketWatch | date=September 16, 2020 | url-access=limited}}{{cite news | title=Snowflake, JFrog IPO: Software stocks soar in market debut | url=https://www.fastcompany.com/90551402/its-snowing-on-the-nyse-and-raining-frogs-on-the-nasdaq | last=Zara | first=Christopher | work=Fast Company |date=September 16, 2020}}{{cite news | last=Pressman | first=Aaron | url=https://fortune.com/2020/09/16/snowflake-ceo-doubling-of-stock-price-after-ipo-reflects-frothy-market/ | title=Snowflake CEO: Doubling of stock price after IPO reflects 'frothy' market | work=Fortune | date=September 16, 2020}}{{Cite news | url=https://www.cnn.com/2020/09/16/investing/snowflake-ipo/index.html |last=La Monica |first=Paul R. | title=Snowflake Shares More than Double. It's the Biggest Software IPO Ever | work=CNN |date=September 16, 2020}}

Acquisition

In June 2025, Snowflake announced its acquisition of Crunchy Data, a provider of cloud-based PostgreSQL services, for approximately $250 million. The acquisition is aimed at strengthening Snowflake’s capabilities in supporting enterprise workloads and enhancing its AI Data Cloud platform, particularly for applications involving artificial intelligence and machine learning.{{Cite news |last= |first= |date=2025-06-02 |title=Exclusive {{!}} Snowflake to Buy Crunchy Data for $250 Million |url=https://www.wsj.com/articles/snowflake-to-buy-crunchy-data-for-250-million-233543ab |access-date=2025-06-04 |work=Wall Street Journal |language=en-US |issn=0099-9660}}{{Cite web |last= |first= |date=2025-06-03 |title=Snowflake Undercuts Databricks with Crunchy Data Acquisition |url=https://aimresearch.co/ai-startups/snowflake-undercuts-databricks-with-crunchy-data-acquisition |access-date=2025-06-04 |website=AIM Research {{!}} Artificial Intelligence Market Insights |language=en-US}}{{Cite web |title=Delivering the Most Enterprise-Ready Postgres, Built for Snowflake |url=https://www.snowflake.com/content/snowflake-site/global/en/blog/snowflake-postgres-enterprise-ai-database |access-date=2025-06-04 |website=www.snowflake.com |language=en}}