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Snowflake Computing

Topic: Company

 From HandWiki - Reading time: 3 min
Snowflake Computing, Inc.
TypePrivate
IndustryData warehousing
Founded2012; 12 years ago (2012)
FounderBenoit Dageville, Thierry Cruanes and Marcin Zukowski
HeadquartersSan Mateo, California
Key people
Bob Muglia, CEO, Benoit Dageville, CTO, Thierry Cruanes, Architect, Marcin Zukowski, Vice President of Engineering
ProductsCloud-based data warehousing
Number of employees
400 (2018)[1]
Websitesnowflake.com

Snowflake Computing is a cloud-based data-warehousing startup. It was publicly launched by Bob Muglia in 2014 after two years in stealth mode.[2][3]

History

Snowflake Computing was founded in 2012 in San Mateo, California by three data warehousing experts: Benoit Dageville, Thierry Cruanes and Marcin Zukowski.[4] It came out of stealth mode in October 2014[5] 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.[4] 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.[4][6][7] An additional $100 million was raised in April 2017, bringing total funding to $205 million.[8][9] In January 2018, they announced a $263 million investment round putting them at a $1.5 billion unicorn valuation. In October 2018, Snowflake raised another $450M in a massive round of financing raising the pre-IPO valuation to $3.5B[10]. Muglia went on to say an IPO could be in their future[11] although indicated that this could be pushed out to 2020 with the latest round of financing.

Products

Snowflake Computing sells a cloud-based data storage and analytics service called Snowflake Elastic Data Warehouse.[5][12] It allows corporate users to store and analyze data using cloud-based hardware and software.[6] The data is stored in Amazon S3.[2] According to the CEO, the software relies on the public cloud ecosystem, and isn't using Hadoop.[6] The developer was identified as a "Cool Vendor" in Gartner's Magic Quadrant and won first place at the 2015 Strata + Hadoop World startup competition.[4] It became generally available in June 2015[13][14] and had 80 organizations using it at that time.[5] As of January 2018, Snowflake is used by over 1000 organizations, including Capital One, Rent the Runway and Adobe.[11]

See also

References

  1. ↑ Nicastro, Dom (April 12, 2016). "What's in a Name: Midokura, Pyze, Snowflake Computing, Ving". http://www.cmswire.com/name/whats-in-a-name-midokura-pyze-snowflake-computing-ving/. Retrieved May 8, 2016. 
  2. ↑ 2.0 2.1 2.2 Handy, Alex (October 23, 2014). "Snowflake offers cloud data warehouse as a service, cheaply". SD Times. http://sdtimes.com/snowflake-offers-cloud-data-warehouse-service-cheaply/#sthash.T71Fl8kn.dpuf. Retrieved November 20, 2014. 
  3. ↑ Wingfield, Nick (October 21, 2014). "Longtime Microsoft Executive Opens Cloud Database Start-Up". The New York Times. http://bits.blogs.nytimes.com/2014/10/21/longtime-microsoft-executive-opens-cloud-database-start-up/?_r=0. Retrieved November 11, 2014. 
  4. ↑ 4.0 4.1 4.2 4.3 Lawson, Loraine (October 13, 2015). "Startup Spotlight: Snowflake Computing's Elastic Data Warehouse". http://www.enterpriseappstoday.com/data-management/startup-spotlight-snowflake-computings-elastic-data-warehouse.html. Retrieved November 10, 2015. 
  5. ↑ 5.0 5.1 5.2 Hesseldahl, Arik (June 23, 2015). "Big Data Startup Snowflake Raises $45 Million, Launches First Product". http://recode.net/2015/06/23/big-data-startup-snowflake-raises-45-million-launches-first-product/. Retrieved November 10, 2015. 
  6. ↑ 6.0 6.1 6.2 Vanian, Jonathan (June 23, 2015). "This big data startup is as unique as a snowflake". Fortune Magazine. http://fortune.com/2015/06/23/big-data-startup-snowflake/. Retrieved August 5, 2015. 
  7. ↑ Vanian, Jonathan (October 21, 2014). "With $26M, Snowflake Computing is hoping its take on data warehousing will hit the mainstream". https://gigaom.com/2014/10/21/with-26m-snowflake-computing-is-hoping-its-take-on-data-warehousing-will-hit-the-mainstream/. Retrieved November 10, 2015. 
  8. ↑ Dignan, Larry (April 5, 2017). "Snowflake Computing raises $100 million to expand cloud data warehouse footprint". http://www.zdnet.com/article/snowflake-computing-raises-100-million-to-expand-cloud-data-warehouse-footprint/. 
  9. ↑ "Cloud data warehouse startup Snowflake raises $100 million led by Iconiq". April 5, 2017. https://venturebeat.com/2017/04/05/cloud-data-warehouse-startup-snowflake-raises-100-million-led-by-iconiq/. 
  10. ↑ Dignan, Larry (11 October 2018). "Snowflake raises $450 million in another VC round, valued at $3.5 billion". ZDNet. https://www.zdnet.com/article/snowflake-raises-450-million-in-another-vc-round-valued-at-3-5-billion/. Retrieved 11 October 2018. 
  11. ↑ 11.0 11.1 Miller, Ron. "Snowflake lands massive $263 million investment on unicorn valuation" (in en). TechCrunch. https://techcrunch.com/2018/01/25/snowflake-lands-263-million-investment-on-unicorn-valuation/. 
  12. ↑ Bass, Dina (October 21, 2014). "Snowflake Takes Aim at Amazon, Hadoop With New Data Service". https://www.bloomberg.com/news/articles/2014-10-21/snowflake-takes-aim-at-amazon-hadoop-with-new-data-service. Retrieved November 10, 2015. 
  13. ↑ Brust, Andrew (June 26, 2015). "Cloud data warehouse race heats up". http://www.zdnet.com/article/cloud-data-warehouse-race-heats-up/. Retrieved November 10, 2015. 
  14. ↑ Darfler, Benjamin (July 28, 2015). "Snowflake Announces General Availability of their Cloud Data Warehouse Offering". http://www.infoq.com/news/2015/07/snowflake-cloud-data-warehouse. Retrieved November 10, 2015. 

External links




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