Snowflake Inc.

Bozeman, MontanaFounded 2012

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Snowflake's mission is to empower every enterprise to achieve its full potential through data and AI. The company provides a cloud-based data platform that separates compute from storage, allowing organizations to unify data warehousing, data lakes, data engineering, and data sharing into a single service.

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Founding Story

Founded in July 2012 in San Mateo, California, Snowflake was created by three data warehousing experts who witnessed firsthand the limitations of traditional on-premise and cloud data platforms regarding scalability and complex management. They envisioned a data warehouse built for the cloud from the ground up that could leverage the flexibility of cloud compute and storage. Sutter Hill Ventures provided early funding, and venture capitalist Mike Speiser served as the company's first part-time CEO and CFO from August 2012 to June 2014. The company operated in stealth mode until October 2014, with its first product launched in June 2015.

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Leadership

Founders

Benoit Dageville

Previously worked as a data architect at Oracle Corporation from January 2002 to July 2012, including as Architect in the Manageability Group. Holds B.S., M.S., and Ph.D. degrees in Computer Science from Jussieu University.

Thierry Cruanes

Previously worked as a data architect at Oracle Corporation. Co-founder and currently serves as CTO of Snowflake.

Marcin Zukowski

Co-founder of Vectorwise, a database company that was acquired by Actian.

Executive Team

Sridhar Ramaswamy

Chief Executive Officer and Director

Previously served as Senior Vice President of AI at Snowflake (June 2023-Feb 2024), CEO of Neeva Inc. (2019-2023), Venture Partner at Greylock Partners (2018-2024), and SVP of Ads & Commerce at Google (2013-2018). Holds B.S. in Computer Science from Indian Institute of Technology Madras and M.S. and Ph.D. in Computer Science from Brown University.

Benoit Dageville

Co-Founder, President of Products and Director

Co-founder who previously served as CTO (2012-2019). Previously worked as Architect at Oracle Corporation (2002-2012). Holds B.S., M.S., and Ph.D. degrees in Computer Science from Jussieu University.

Business Model

Revenue Model

Consumption-based model where revenue is recognized based on platform consumption of compute, storage, and data transfer resources. Customers can purchase via On-Demand or pre-paid capacity commitments with flexibility to consume more than contracted capacity.

Pricing Tiers

Standard

$2.00 per credit

Core platform functionality with fully managed elastic compute, automatic encryption of all data, Snowpark, data sharing, and optimized storage with compression and Time Travel

Enterprise

$3.00 per credit

All Standard features plus multi-cluster compute, granular governance and privacy controls, and extended Time Travel windows

Business Critical

$4.00 per credit

All Enterprise features plus Tri-Secret Secure, access to private connectivity, and failover and failback for backup and disaster recovery

Virtual Private Snowflake (VPS)

Custom pricing (contact sales)

All Business Critical features in a completely separate, isolated Snowflake environment

Public company. IPO completed on September 16, 2020 on NYSE under ticker SNOW. Priced at $120 per share, opened at $245, raising $3.4 billion in one of the largest software IPOs in history. Stock doubled on first day of trading. Currently trades on NASDAQ under ticker SNOW.