Snowflake Inc. is a cloud computing-based data warehousing company headquartered in Bozeman, Montana. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports.
The firm offers a cloud-based data storage and analytics service, generally termed 'data warehouse-as-a-service'. It allows corporate users to store and analyze data using cloud-based hardware and software. It runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. The company is credited with reviving the data warehouse industry by building and perfecting a cloud-based data platform It was able to separate computer data storage from computing before Google, Amazon, and Microsoft.
Market Cap: 103.75 B USD. Total assets: $5.921 billion (2020) Employees 2,500 Subsidiaries: Polidea Sp. z o.o. CryptoNumerics Inc., Numeracy, Inc.
Snowflake Inc (SNOW.xnys) News Stellar customer growth enabled SNOW stock to pull off the largest initial public offering ever by a software company in September 2020. The Snowflake (SNOW) IPO raised $3.4 billion.
Snowflake Inc (SNOW.xnys) Analysis Snowflake’s Data Cloud is powered by an advanced data platform provided as Software-as-a-Service (SaaS). Snowflake enables data storage, processing, and analytic solutions that are faster, easier to use, and far more flexible than traditional offerings.
Snowflake Inc (SNOW)
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