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Snowflake Computing history
Snowflake Computing company history timeline
Started by three database engineers in 2012 in conjunction with Sutter Hill Ventures (SHV), a secretive VC firm, Snowflake is currently helmed by software veteran, Frank Slootman.
Amazon Redshift was launched in 2013 and it competes directly with the Snowflake computing and storage platform.
2014 Sequoia Capital, which led the Series F in Oct.
The cloud data warehouse became generally available in June 2015 and had 80 organizations using it at that point.
Altimeter Capital, which led the $79 million Series C in June 2015
Being within the business Snowflake has been awarded multiple honors over the year like one amongst the most effective places to figure, Snowflake was identified as a “Cool Vendor” in Gartner’s Magic Quadrant and won first place at the 2015 Strata + Hadoop World startup competition.
2017 Redpoint Ventures, which led the $26 million Series B in Oct.
In 2018, Snowflake grew its customer base by 300%. That’s a mic-drop metric.
The company grew by 174% for the fiscal year ending January 31, 2019, with a net retention rate of 158%.
1 on LinkedIn’s 2019 United States list of Top Startups. “We’re competing against a number of the biggest companies on the earth, Microsoft and Amazon and Google, IBM, Teradata.
Then, in 2019, it was announced he was stepping aside.
2 on the 2019 Forbes Cloud 100 list, raised $263 million at a $1.5 billion valuation in a round led by venture capital firm Sequoia Capital, and including ICONIQ Capital and Altimeter Capital.
For one, Snowflake holds the record for biggest software IPO in the United States to date (it debuted on the New York Stock Exchange on September 16, 2020). Its shares more than doubled on this first day of trading: opening at $120, peaking above $300, and closing at a little less than $254.
Among United States-listed companies with a market capitalisation of a minimum of $10 billion, only three companies are now dearer than Snowflake’s 2020 revenue multiple.
Asked in the same interview about its IPO plans, Slootman said that Snowflake had the “scale and the velocity to go public.” If Snowflake does go public in 2020, it could potentially be one of the year’s largest IPOs.
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Zippia gives an in-depth look into the details of Snowflake Computing, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Snowflake Computing. The employee data is based on information from people who have self-reported their past or current employments at Snowflake Computing. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Snowflake Computing. The data presented on this page does not represent the view of Snowflake Computing and its employees or that of Zippia.
Snowflake Computing may also be known as or be related to SNOWFLAKE INC., Snowflake Computing, Snowflake Computing Inc. and Snowflake Computing, Inc.