How it started
History
Snowflake Inc. was founded on July 23, 2012, in San Mateo, California, by Benoît Dageville, Thierry Cruanes, and Marcin Żukowski. Dageville and Cruanes previously worked as data architects at Oracle Corporation; Żukowski was a co-founder of Vectorwise. Mike Speiser, a venture capitalist at Sutter Hill Ventures, which provided early funding to the company, served as its first CEO.
In June 2014, Bob Muglia, formerly of Microsoft, was named CEO. In October 2014, Snowflake came out of stealth mode; at that time, it was used by 80 organizations. Snowflake has run on Amazon Web Services since 2014, on Microsoft Azure since 2018, and on the Google Cloud Platform since 2019. In June 2015, Snowflake launched its first product, its cloud data warehouse.
In May 2019, Frank Slootman, formerly CEO of ServiceNow, joined Snowflake as its CEO. In June 2019, the company launched Snowflake Data Exchange. In December 2020, the company added Knoema as a data provider in the Snowflake Data Marketplace. In May 2021, the company became a distributed company, with a principal executive office in Bozeman, Montana.
On February 28, 2024, Frank Slootman retired as CEO and was replaced by Neeva's cofounder Sridhar Ramaswamy. In February 2026, Snowflake reported Q4 fiscal 2026 product revenue of $1.23 billion, up 30% year-over-year, with full-year product revenue reaching $4.72 billion. Remaining performance obligations totaled $9.77 billion, a 42% increase, reflecting strong demand for AI infrastructure. The company reported over 9,100 accounts using Snowflake AI features.
From Wikipedia’s article on Snowflake Inc., shared under CC BY-SA 4.0.2