Snowflake

Snowflake

Data management and analytics platform

About Snowflake

Simplify's Rating
Why Snowflake is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Company Size

5,001-10,000

Company Stage

IPO

Total Funding

$1.3B

Headquarters

Bellevue, Washington

Founded

2012

Overview

Company Historically Provides H1B Sponsorship

Snowflake provides a platform called the AI Data Cloud that helps organizations manage and analyze their data. This platform allows users to store and process large amounts of data efficiently, offering services like data warehousing, data lakes, data engineering, data science, and data sharing. Snowflake's system works by uniting data from different sources, enabling secure sharing and supporting various types of analytics. What sets Snowflake apart from its competitors is its ability to operate seamlessly across multiple public clouds, allowing users to access and manage their data from anywhere. The company's goal is to help businesses leverage their data for better decision-making and insights, using a subscription-based model that charges clients based on their actual usage of storage and computing resources.

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Funded Recently
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Simplify's Take

What believers are saying

  • Acquisition of Datavolo enhances Snowflake's open data integration capabilities.
  • Investment in Metaplane boosts AI-driven data quality solutions for Snowflake users.
  • Snowflake Ventures' investment in Hex expands accessibility of data tools to non-technical users.

What critics are saying

  • Integration challenges from Datavolo acquisition may disrupt operations and customer service.
  • Increased competition from Mistral AI could challenge Snowflake's market position.
  • Convertible senior notes pricing may increase financial pressure if market conditions worsen.

What makes Snowflake unique

  • Snowflake offers a unified platform for diverse data workloads, unlike traditional solutions.
  • The AI Data Cloud enables near-unlimited scale and performance for data mobilization.
  • Snowflake's seamless multi-cloud experience ensures efficient data operations across locations.

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Funding

Total Funding

$1341.3M

Above

Industry Average

Funded Over

9 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

We've got your back - We offer comprehensive health insurance plans, health savings accounts, robust retirement plans, and generous life and disability insurance.

A Balanced Lifestyle - All Snowflakes have access to our weekly online lunch and learns, virtual workout classes, and ergonomic work-from-home equipment. We offer on-demand mental health and wellness programs to support our employees and their families.

Your People Matter - Help offset the cost of growing your family with our fertility benefits and family planning resources. Count on our generous time-off and various leave plans for you to rest, refuel, and sustain a great work-life balance.

Global Snowflake Team - No matter where you are in the world, we will get you connected and supported with a work-from-home setup.

Treat Yourself - Personalize your Snowflake benefits by tapping into our employee discounts and pre-tax selections.

Invest In Your Future - Eligible employees enjoy new hire equity, Employee Stock Purchase Plan (ESPP), and a quarterly bonus or commission program.

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -1%

2 year growth

↑ 1%
Business Wire
Nov 21st, 2024
Snowflake Agrees to Acquire Open Data Integration Platform, Datavolo

Snowflake (NYSE: SNOW), the AI Data Cloud company, today announced it has signed a definitive agreement to acquire Datavolo, the company built to rapi

VoyageAI
Oct 3rd, 2024
Announcing our $28M fundraise

Here at Voyage AI, we’re on a mission to help you build the very best RAG and semantic search applications. As such, we’ve released industry-leading embedding models & rerankers, partnered with…

Business Wire
Sep 26th, 2024
Snowflake Prices Private Placement of $2.0 Billion of Convertible Senior Notes

Snowflake Inc. (NYSE: SNOW) (“Snowflake”), the AI Data Cloud Company, today announced the pricing of $1.0 billion aggregate principal amount of its 0%

Finsmes
May 30th, 2024
Maxa Raises USD21M in Series A Funding

Maxa, a Montreal, Canada-based Snowflake Native App for business system and ERP insights automation for the Gen AI era, raised USD 21M in Series A funding

Maxa
May 29th, 2024
Maxa Closes US$21M Series A - Maxa

Leading Snowflake Native App for financial, operational and ERP insights automation sees record expansion across large enterprises globally, as well as into new verticals such as Financial Services and Defense. Winner of the 2024 North America Data Drivers Award for most innovative data-driven application. Maxa can be installed directly in an organization’s own data cloud […]

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