Snowflake is a US cloud technology startup founded in 2012. It offers cloud storage and cloud data analysis services, with the enterprise customers being able to store, manage, and share large amounts of data.
The company is a cloud infrastructure provider for the giants like Amazon, Google, and Microsoft. An important advantage of Snowflake is that the infrastructure can be used for any cloud, which enables moving the data from, e.g., Google Cloud to Microsoft Azure. This is why Snowflake successfully cooperates with the industry giants, as it is not only a competitor, but also a good customer and partner.
After a round of closed investments in February 2020, the company was valued at over $12.40 billion, which made Snowflake one of the most expensive startups across the globe that did not go public. Since 2018, the company's value had more than tripled. The industry Snowflakes works in is incredibly promising. More commercial organizations are moving their IT infrastructure to the cloud, with which the demand for the company's services is growing.
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