“Can Snowflake become the universal data collaboration and AI infrastructure layer for the enterprise, replacing fragmented data silos across every industry?”
Founded in 2012 as a cloud-native data warehouse, Snowflake evolved into a multi-cloud 'Data Cloud' platform that enables secure data sharing, collaboration, and AI/ML workloads across AWS, Azure, and GCP. The company went public in 2020 in the largest software IPO at the time. Snowflake is not an embedded finance company — it is the data infrastructure layer that many financial services and embedded finance companies use to store and process transactional data. Its embedded finance footprint is limited to internal use of tax compliance (Avalara) and data pipeline integrations with payments companies (Stripe Data Pipeline).
Snowflake was founded by Benoit Dageville, Thierry Cruanes and Marcin Zukowski and is founded in 2012, headquartered in Bozeman, Montana (formerly San Mateo, California).
Snowflake has raised $1.4B+ (pre-IPO) in total (latest round: IPO, September 2020 (NYSE: SNOW); valuation: ~$33B at IPO pricing (priced at $120/share, above initial $75-$85 range)).
Get a read on where your own stack stands against Snowflake and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.