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| Private | |
| Industry | Data warehousing |
|---|---|
| Founded | 2012; 7 years ago |
| Founder | Benoit Dageville, Thierry Cruanes and Marcin Zukowski |
| Headquarters | San Mateo, California |
Key people | Frank Slootman, CEO, Benoit Dageville, CTO, Thierry Cruanes, Architect, Marcin Zukowski, Vice President of Engineering |
| Products | Cloud-based data warehousing |
| 650 (2018) [1] | |
| Website | www.snowflake.com |
Snowflake Computing is a cloud-based.[4][5] It allows corporate users to store and analyze data using cloud-based hardware and software. Snowflake runs on Amazon S3 since 2014,[2] and on Microsoft Azure since 2018[6] It is being rolled out on Google Cloud Platform in 2019.[7][8] Its Snowflake Data Exchange allows customers to discover, exchange and securely share data.[9]
History[edit]
Snowflake Computing was founded in 2012 in San Mateo, California by three data warehousing experts: Benoit Dageville, Thierry Cruanes and Marcin Zukowski.[10] It came out of stealth mode in October 2014[11] shortly after appointing former Microsoft executive Bob Muglia as CEO that June.[2] According to IT Business Edge, much of the interest in the company is based on Muglia's involvement.[10] The cloud data warehouse became generally available in June 2015[12][13] and had 80 organizations using it at that time.[11] Snowflake was identified as a 'Cool Vendor' in Gartner's Magic Quadrant and won first place at the 2015 Strata + Hadoop World startup competition.[10]
As of October 2015, Snowflake Computing has raised $71 million in funding, including $26 million it had raised before coming out of stealth and $45 million funding round announced in June 2015.[10][14][15] An additional $100 million was raised in April 2017, bringing total funding to $205 million.[16][17]
As of January 2018, Snowflake was used by over 1000 organizations, including Capital One, Rent the Runway and Adobe. In January 2018, Snowflake announced a $263 million investment round putting them at a $1.5 billion unicorn valuation. Muglia went on to say an IPO could be in their future.[18]
In October 2018, Snowflake raised another $450M in a massive round of financing raising the pre-IPO valuation to $3.5B.[4] In May 2019, Frank Slootman joined Snowflake as the new CEO.[7]
References[edit]
- ^'With huge new $450M funding round, Snowflake Computing has now raised almost $1 billion'. www.geekwire.com. 2018-10-11. Retrieved July 24, 2019.
- ^ abcHandy, Alex (October 23, 2014). 'Snowflake offers cloud data warehouse as a service, cheaply'. SD Times. Retrieved November 20, 2014.
- ^Wingfield, Nick (October 21, 2014). 'Longtime Microsoft Executive Opens Cloud Database Start-Up'. The New York Times. Retrieved November 11, 2014.
- ^ abDignan, Larry (11 October 2018). 'Snowflake raises $450 million in another VC round, valued at $3.5 billion'. ZDNet. Retrieved 11 October 2018.
- ^Bass, Dina (October 21, 2014). 'Snowflake Takes Aim at Amazon, Hadoop With New Data Service'. Bloomberg.com. Retrieved November 10, 2015.
- ^Brust, Andrew (July 12, 2018). 'Snowflake's cloud data warehouse comes to Microsoft Azure'. ZDNet. Retrieved July 24, 2019.
- ^ abTaulli, Tom (June 5, 2019). 'Snowflake: The AI Force Multiplier'. Forbes. Retrieved July 24, 2019.
- ^Ichhpurani, Kevin (June 4, 2019). 'Announcing Snowflake on Google Cloud Platform'. Google Cloud Blog. Retrieved July 24, 2019.
- ^'Snowflake Announces Data Exchange to Break Down Data Barriers' (Press release). PR Newswire. June 4, 2019. Retrieved July 24, 2019.
- ^ abcdLawson, Loraine (October 13, 2015). 'Startup Spotlight: Snowflake Computing's Elastic Data Warehouse'. IT Business Edge. Retrieved November 10, 2015.
- ^ abHesseldahl, Arik (June 23, 2015). 'Big Data Startup Snowflake Raises $45 Million, Launches First Product'. Re/code. Retrieved November 10, 2015.
- ^Brust, Andrew (June 26, 2015). 'Cloud data warehouse race heats up'. ZDNet. Retrieved November 10, 2015.
- ^Darfler, Benjamin (July 28, 2015). 'Snowflake Announces General Availability of their Cloud Data Warehouse Offering'. InfoQ. Retrieved November 10, 2015.
- ^Vanian, Jonathan (June 23, 2015). 'This big data startup is as unique as a snowflake'. Fortune Magazine. Retrieved August 5, 2015.
- ^Vanian, Jonathan (October 21, 2014). 'With $26M, Snowflake Computing is hoping its take on data warehousing will hit the mainstream'. Gigaom. Retrieved November 10, 2015.
- ^Dignan, Larry (April 5, 2017). 'Snowflake Computing raises $100 million to expand cloud data warehouse footprint'. ZDNet. Retrieved July 31, 2017.
- ^'Cloud data warehouse startup Snowflake raises $100 million led by Iconiq'. VentureBeat. April 5, 2017. Retrieved July 31, 2017.
- ^Miller, Ron. 'Snowflake lands massive $263 million investment on unicorn valuation'. TechCrunch. Retrieved 2018-02-08.