Public · Founded 2012
Snowflake
Cloud data platform separating storage from compute across every major cloud.
Overview
Snowflake made the warehouse the centre of the data stack by decoupling storage and compute. Its current contest is upward, into the semantic and application layer, where the competition is no longer databases but platforms.
Key metrics
- Product revenue
- $3.9B
- Net revenue retention
- 124%
- Customers > $1M
- 620
- Forbes Global 2000 customers
- 760
Products
Timeline
2014
General availability
Launched a warehouse designed for cloud object storage.
2020
Record IPO
Largest software IPO to that date at $3.4B raised.
2024
Leadership change
Sridhar Ramaswamy became CEO with an AI-first mandate.
2026
Open table formats
Iceberg interoperability reduced storage lock-in across the platform.
Compensation at Snowflake
Reported median total compensation by role.
| software engineer | $244k |
| data engineer | $238k |
| data scientist | $236k |
| engineering manager | $301k |