Snowflake Inc.
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ROIC.AI
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- Snowflake Inc. (NYSE: SNOW) provides a cloud-based data platform, known as the AI Data Cloud, that unifies data warehousing, data lakes, data engineering, data sharing, generative AI services, machine learning, streaming analytics, business intelligence, and unstructured data processing into a single scalable service operating on Amazon Web Services, Microsoft Azure, and Google Cloud Platform; core offerings include Snowpark for developer frameworks in Java, Scala, and Python, Snowpipe for continuous data ingestion, Unistore for hybrid transactional and analytical workloads, the Native App Framework for secure application development and monetization, Cortex AI for large language models, vector search, and model deployment using SQL or Python, the Snowflake Marketplace for live query-ready datasets, Snowflake Intelligence for natural language data exploration, and Horizon Catalog for unified governance, observability, and FinOps. Founded in 2012 in San Mateo, California, with a principal executive office in Bozeman, Montana, the company serves over 10,000 customers worldwide, including more than 800 Forbes Global 2000 members, across industries such as finance, healthcare, retail, and telecommunications. Recent developments include the June 2025 acquisition of Crunchy Data for approximately $250 million to enhance PostgreSQL services and enterprise AI capabilities; the December 2024 $200 million expanded partnership with Anthropic to integrate Claude models into Cortex AI, power Snowflake Intelligence, and advance agentic AI through joint go-to-market efforts; strategic alliances with Accenture for AI data transformation services via the Accenture Snowflake Business Group and with AWS, where Marketplace sales doubled to $2 billion; the February 2025 expansion of its Startup Accelerator with up to $200 million in investments for AI-focused startups; the late 2024 acquisition of Datavolo for open data integration; and leadership transition in February 2024 with Sridhar Ramaswamy succeeding Frank Slootman as CEO.
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