Snowflake Computing

Snowflake Computing, Inc.File:Snowflake Computing logo.png

Type| Private
Industry| Data warehousing
Founded| 2012; 14 years ago (2012)
Founder| Benoit Dageville, Thierry Cruanes and Marcin Zukowski
Headquarters| San Mateo, California

Key people

| Bob Muglia, CEO, Benoit Dageville, CTO, Thierry Cruanes, Architect, Marcin Zukowski, Vice President of Engineering
Products| Cloud-based data warehousing

Number of employees

| 400 (2018)[1]
Website| snowflake.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]

## Contents

* 1 History
* 2 Products
* 3 See also
* 4 References
* 5 External links

## 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

* Pyze

## 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

* Official website
* Interview with Bob Muglia at VMWare

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