Snowflake appoints Vijayant Rai as the new Managing Director for India
New Delhi, India – January 10, 2024 – Snowflake, the Data Cloud company, announced the appointment of Vijayant Rai as the new Managing Director, responsible for driving the business growth and Go-To-Market strategy for Snowflake in India. Vijayant will be succeeding Vimal Venkatram, who has moved to a regional role for Snowflake based in Singapore. With over 27 years of extensive experience in senior sales positions across leading companies, driving new business and revenue growth, expanding business in India, and attracting and retaining talent. Vijayant comes with a wealth of expertise in driving business transformation for customers. He will spearhead Snowflake’s business expansion across India, overseeing strategy, sales and execution, fostering strategic partnership engagements
Snowflake Achieves FedRAMP High Authorization on AWS GovCloud US-West and US-East
FedRAMP High Authorization solidifies Snowflake’s status as a trusted data platform used by the United States government to securely guard its most critical data No-Headquarters/BOZEMAN, Mont. – DECEMBER 11, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, has received FedRAMP® High Authorization on the AWS GovCloud (US-West and US-East Regions). The Federal Risk and Authorization Management Program (FedRAMP) is a government-wide program that provides a standardized approach to security assessment, authorization, and continuous monitoring for cloud products and services. This authorization enables Snowflake to protect some of the federal government’s most sensitive unclassified data across cloud computing environments. With this latest authorization, Snowflake is able to
Snowflake Ranked #1 on 2023 Fortune Future 50 List
Annual Fortune list recognizes Snowflake as the leading company with the capability to deliver sustained long-term growth in the era of generative AI No-Headquarters/BOZEMAN, Mont. – December 5, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced that it was awarded the number one spot on the 2023 Fortune Future 50 list. The annual list from Fortune recognizes leading publicly traded companies based on a market-based assessment of a company’s growth potential, and its capacity to deliver against that potential. Among the focuses of this years’ list includes companies driving the future with generative AI. Snowflake has transformed the data industry with Snowflake Data Cloud, a global network that connects organizations to the data and applications most
Snowflake Reports Financial Results for the Third Quarter of Fiscal 2024
Product revenue of $698.5 million in the third quarter, representing 34% year-over-year growth 436 customers with trailing 12-month product revenue greater than $1 million Net revenue retention rate of 135% 647 Forbes Global 2000 customers Remaining performance obligations of $3.7 billion, representing 23% year-over-year growth No-Headquarters/BOZEMAN, Mont.–(BUSINESS WIRE)– Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its third quarter of fiscal 2024, ended October 31, 2023. Revenue for the quarter was $734.2 million, representing 32% year-over-year growth. Product revenue for the quarter was $698.5 million, representing 34% year-over-year growth. The company now has 436 customers with trailing 12-month product revenue greater than $1 million and 6
Snowflake Launches Powered By Snowflake Funding Program Investing Up to $100 Million in Innovativ...
The funding program features 10 iconic venture capital firms and aims to expand the ecosystem and accelerate growth for startups building Snowflake Native Apps AWS will provide up to $1M in free Snowflake credits on AWS over four years to Snowflake Native Apps developers No-Headquarters/BOZEMAN, Mont. – November 1, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its Snowday 2023 event, the launch of the Powered by Snowflake Funding Program, which intends to invest up to $100 million dollars toward the next generation of early stage startups building Snowflake Native Apps. The Powered by Snowflake Funding Program features leading venture capital firms Altimeter Capital, Amplify Partners, Anthos Capital, Coatue, ICONIQ Growth, IVP, Madrona, Menlo Ventures, Red
Snowflake Puts Industry-Leading Large Language and AI Models in the Hands of All Users with Snowf...
Snowflake unveils Snowflake Cortex, its new fully managed service that provides access to industry-leading large language models, AI models, and vector search functionality Snowflake Cortex underpins the LLM-powered experiences in Snowflake, including the new Snowflake Copilot and Universal Search Users of all skill sets can access a growing set of serverless functions within Snowflake Cortex to accelerate their analytics and quickly build contextualized LLM-powered apps within minutes No-Headquarters/BOZEMAN, Mont. – November 1, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its Snowday 2023 event new innovations that enable all users to securely tap into the power of generative AI with their enterprise data — regardless of their technical expertise.
Snowflake Accelerates How Users Build Next Generation Apps and Machine Learning Models in the Dat...
Snowflake Notebooks unlock data exploration and machine learning development for SQL and Python users with an interactive, cell-based programming environment Snowflake advances Snowpark to streamline end-to-end machine learning workflows with the Snowpark ML Modeling API, Snowpark Model Registry, Snowflake Feature Store, and more Hundreds of Snowflake customers including Cybersyn, LiveRamp, and SNP are increasing developer productivity with the Snowflake Native App Framework and unlocking new revenue streams through Snowflake Marketplace No-Headquarters/BOZEMAN, Mont. – November 1, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its Snowday 2023 event new advancements that make it easier for developers to build machine learning (ML) models and full-stack apps in t
Snowflake Advances its Trusted Data Foundation to Unite All Data and Extend Its Powerful Governan...
Snowflake eliminates silos and data movement by advancing its support for Iceberg Tables, enabling users to bring all of their data together in the Data Cloud Snowflake furthers its leading governance and compliance capabilities with new innovations to Snowflake Horizon, enabling users to confidently protect, secure, connect, and access data, apps, and more Snowflake’s Cost Management Interface brings together existing cost management features and new capabilities so admins gain increased visibility, control, and optimizations of their Snowflake spend, all in one user interface No-Headquarters/BOZEMAN, Mont. – November 1, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its Snowday 2023 event new enhancements that provide thousands of Snowflake customer
AI and Machine Learning Usage up 15.5% Among Marketing Teams, Snowflake Modern Marketing Data Sta...
Snowflake platform data from 8,100 customers reveals how marketing teams are building their marketing data stacks No-Headquarters/BOZEMAN, Mont. – September 14, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today released its Modern Marketing Data Stack 2023: How Data-Forward Marketers Are Redefining Strategies to Unify, Analyze, and Activate Data to Boost Revenue report. Snowflake’s data-backed report identifies the best of breed solutions used by Snowflake customers to show how marketers are leveraging the Snowflake Data Cloud with accompanying partner solutions – 40+ of which are Powered by Snowflake – to best identify, convert, and deliver differentiated experiences to loyal customers. By analyzing usage patterns from a pool of approximately 8,100 customers a
Lacework and Snowflake Strengthen Partnership to Drive Secure Cloud Business
As generative AI increases development velocity, scalable solutions are more important than ever to drive secure cloud growth Security teams now gain direct access to their Lacework cloud security data through Snowflake’s secure data sharing for unified visibility and custom automation Customers including Sprinklr and Sigma Computing leverage Lacework and Snowflake together to supercharge their security operations Mountain View, California – September 13, 2023 – Lacework, the data-driven cloud security company, and Snowflake, the Data Cloud company, today announced an expanded partnership that advances the future of cloud infrastructure and further automates cloud security at scale. The extended partnership empowers security teams with direct access to their Lacework cloud security data th
Snowflake Reports Financial Results for the Second Quarter of Fiscal 2024
Product revenue of $640.2 million in the second quarter, representing 37% year-over-year growth 402 customers with trailing 12-month product revenue greater than $1 million Net revenue retention rate of 142% 639 Forbes Global 2000 customers Remaining performance obligations of $3.5 billion, representing 30% year-over-year growth No-Headquarters/BOZEMAN, Mont.–(BUSINESS WIRE)– Snowflake (NYSE: SNOW), the Data Cloud company, today announced financial results for its second quarter of fiscal 2024, ended July 31, 2023. Revenue for the quarter was $674.0 million, representing 36% year-over-year growth. Product revenue for the quarter was $640.2 million, representing 37% year-over-year growth. The company now has 402 customers with trailing 12-month product revenue greater than $1 million and 63
Snowflake to Present at Upcoming Investor Conferences
No-Headquarters/BOZEMAN, Mont. – Snowflake (NYSE: SNOW), the Data Cloud company, today announced that it will present at two upcoming investor conferences. Chief Financial Officer, Mike Scarpelli, will present at the Stifel Tech Executive Summit, on Monday, August 28th, at 1:00 p.m. PT. Chief Financial Officer, Mike Scarpelli will present at the Goldman Sachs Communacopia & Technology Conference, on Thursday, September 7th, at 2:25 p.m. PT. If available, event webcasts will be accessible on the investor relations section of the Snowflake website at https://investors.snowflake.com and archived on the Snowflake site for a period of 30 days. About Snowflake Snowflake enables every organization to mobilize their data with Snowflake’s Data Cloud. Customers use the Da
Snowflake to Announce Financial Results for the Second Quarter of Fiscal 2024 on August 23, 2023
No-Headquarters/BOZEMAN, Mont. – July 31, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced it will release its financial results for the second quarter of fiscal year 2024, which ends July 31, 2023, following the close of the U.S. markets on Wednesday, August 23, 2023. Snowflake will host a conference call to discuss the financial results. Conference Call Details The conference call will begin at 3 p.m. Mountain Time on August 23, 2023. Investors and participants may attend the call by dialing (833) 470-1428 (Access code: 898550), or if outside the United States, by dialing +1 (929) 526-1599 (Access code: 898550). The call will also be webcast live on the Snowflake Investor Relations website. An audio replay of the conference call and webcast will be available t
James Petter appointed as Snowflake’s Head of EMEA
Snowflake, the Data Cloud company, has appointed James Petter as VP of EMEA Sales, effective as of July 3, 2023. Petter will be responsible for leading the Snowflake EMEA team to drive business growth, land new customers, and ensure collaboration and innovation across Snowflake’s Data Cloud ecosystem. Petter brings with him over 25 years of experience in senior sales positions across leading firms, driving new business and revenue growth, expanding business in EMEA and APAC, and attracting and retaining the best workforce. Most recently, Petter spent over eight years at Pure Storage, driving increased revenues across EMEA, Latin America and APAC. Prior to this, he spent 11 years at EMC, and a further four years at Cisco. Petter also served in the British Army for four years before joining
Snowflake Concludes the World’s Largest Data, Apps, and AI Event with New Innovations that Bring ...
Snowflake Summit 2023 becomes largest in-person Snowflake conference to-date with nearly 12,000 global in-person attendees, 440+ sessions, 250+ customer speakers, 200+ ecosystem partners, and more Snowflake Summit 2024 will be hosted in San Francisco, June 3-6, 2024, welcoming the annual user conference back to the Bay Area where it was originally founded No-Headquarters/BOZEMAN, Mont. – June 30, 2022 – Snowflake (NYSE: SNOW), the Data Cloud company, last week concluded its fifth-annual Snowflake Summit conference and its largest data, apps, and AI event with nearly 12,000 in-person attendees live in Las Vegas, Nevada from June 26-29, and over 11,000 registered virtually. The four-day conference brought together customers, partners, technical experts, and executives from around the w
Snowflake Achieves U.S. Department of Defense Impact Level 4 Authorization on AWS GovCloud
Latest authorization for Snowflake’s Data Cloud can further help U.S. Department of Defense agencies and partners to modernize and accelerate cloud migration, share data securely and seamlessly, and provide data governance for improved resiliency and enhanced mission success No-Headquarters/BOZEMAN, Mont.– June 28, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, has received Provisional Authorization (PA) by the Defense Information Systems Agency (DISA) at the U.S. Department of Defense (DoD) to operate at Impact Level 4 (IL4) on the AWS GovCloud (US-West) Region from Amazon Web Services (AWS). DoD IL4 is a designation that encompasses controlled unclassified information (CUI), including export controlled data, personally identifiable information (PII), and protected health informat
Snowflake Native App Framework Empowers All Developers to Join Industry Leaders like Capital One ...
Over 25 new Snowflake Native Apps on Snowflake Marketplace are driving revenue and extending data collaboration from leading organizations including Bond Brand Loyalty, Capital One Software, DTCC, Goldman Sachs, LiveRamp, Matillion, My Data Outlet, and more (as of June 27, 2023) The Snowflake Native App Framework (public preview on AWS) is now available for developers to build and test Snowflake Native Apps, with distribution and monetization capabilities (public preview soon) Snowflake Marketplace continues to advance, now offering exclusive content from Cybersyn and the ability to procure leading data and Snowflake Native Apps with Snowflake Capacity commitment LAS VEGAS – June 27, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its annual user conference, Snowf
Snowflake Extends Programmability for Developers with New Snowpark Container Services to Run Secu...
Snowpark Container Services expands Snowflake’s compute infrastructure to run a variety of workloads, including full-stack applications, the hosting of LLMs, robust model training, and more securely within Snowflake Snowflake has partnered with NVIDIA, Alteryx, Astronomer, Dataiku, Hex, SAS, and more to give customers secure, easy, and governed access to an expansive lineup of products and solutions within their Snowflake account using Snowpark Container Services Snowpark expands support for more efficient machine learning development and execution LAS VEGAS – June 27, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its annual user conference, Snowflake Summit 2023, new innovations that extend data programmability for data scientists, data engineers, and applicati
Snowflake Unveils New Large Language Model to Extract Deeper Insights from Documents, While Conti...
Document AI (private preview) leverages Snowflake’s first-party large language model to unlock deeper insights from documents and extract value with increased speed, accuracy, and simplicity Customers like Booking.com are using Snowflake Iceberg Tables (private preview soon) to extend Snowflake’s performance and governance to data stored in open formats New Snowflake Performance Index shows an improvement of 15 percent in query duration for customers’ recurring workloads since Snowflake began tracking this metric¹ LAS VEGAS – June 27, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, today announced at its annual user conference, Snowflake Summit 2023, new advancements to its single, unified platform that make it easier for organizations to get value from all of their data, whil
Snowflake and NVIDIA Team to Help Businesses Harness Their Data for Generative AI in the Data Cloud
The integration of NVIDIA NeMo with Snowflake will let businesses securely build custom large language models using their own proprietary data in the Snowflake Data Cloud LAS VEGAS – June 26, 2023 – Snowflake (NYSE: SNOW), the Data Cloud company, and NVIDIA today announced at Snowflake Summit 2023 that they are partnering to provide businesses of all sizes with an accelerated path to create customized generative AI applications using their own proprietary data, all securely within the Snowflake Data Cloud. With the NVIDIA NeMo™ platform for developing large language models (LLMs) and NVIDIA GPU-accelerated computing, Snowflake will enable enterprises to use data in their Snowflake accounts to make custom LLMs for advanced generative AI services, including chatbots, search and summarization