Snowflake
Cloud data platform with AI capabilities
Price delayed up to 15 minutes. Source: Yahoo Finance.
Earnings Snapshot
Q4 FY2026: Product revenue $943M (+28% YoY). Net revenue retention 127%. 542 customers with $1M+ trailing revenue.
About Snowflake
Snowflake is a cloud data platform that has expanded into AI with Cortex AI, enabling enterprises to build AI applications directly on their data warehouse. Founded in 2012 and taken public in 2020 in the largest software IPO in history ($3.4 billion), Snowflake separates compute from storage, allowing customers to scale each independently.
Snowflake's entry into AI is driven by a simple insight: enterprises already have their data in Snowflake, so bringing AI to the data (rather than moving data to AI tools) eliminates data movement costs, security risks, and governance challenges. Cortex AI provides LLM access, fine-tuning, and vector search directly within the Snowflake environment.
The company serves over 9,000 customers including nearly 700 of the Forbes Global 2000. Snowflake's data sharing and marketplace capabilities enable organizations to monetize their data and access third-party datasets, creating network effects that strengthen the platform.
Technology & Approach
Snowflake's architecture separates compute, storage, and services into independent layers. This allows near-infinite scaling of each layer independently. For AI, Cortex AI provides serverless LLM functions (summarize, translate, sentiment) that run directly on Snowflake data without ETL. Snowflake Arctic is the company's open LLM optimized for enterprise SQL and coding tasks. Snowpark enables Python, Java, and Scala processing alongside SQL within Snowflake's governed environment.
Products & Services
Snowflake Data Cloud
Cloud data platform with separated compute and storage. Supports structured, semi-structured, and unstructured data.
Data PlatformCortex AI
AI services built into Snowflake. LLM functions, fine-tuning, and vector search on enterprise data without data movement.
AI PlatformSnowflake Arctic
Open-source enterprise LLM optimized for SQL generation and coding tasks. Efficient MoE architecture.
Open SourceSnowpark
Developer framework for Python, Java, and Scala processing within Snowflake's secure, governed environment.
Developer ToolSnowflake Marketplace
Data marketplace where providers share and monetize live, governed data products.
MarketplaceLeadership
Notable Achievements
- ✓ Largest software IPO in history at $3.4B (2020)
- ✓ Serves 700+ Forbes Global 2000 companies
- ✓ Snowflake Marketplace created the first live data sharing economy
- ✓ Cortex AI brings LLMs directly into the data warehouse — no data movement
- ✓ Revenue exceeded $2.8B with 30%+ growth
Competitive Landscape
Companies competing in the same space as Snowflake.
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