Snowflake

Snowflake is a cloud-based data warehousing company that provides a highly scalable and secure platform for managing and analyzing data. Founded in 2012, the company has quickly become a leader in the data analytics market, serving a range of industries from finance to healthcare. Key executives include CEO Frank Slootman and President of Products Benoit Dageville. The company's main competitors include Amazon Web Services, Microsoft Azure, and Google Cloud Platform.

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Nvidia CEO Jensen Huang. Krisztian Bocsi/Getty Images.
The Briefing

OpenAI’s Magical Thinking; Nvidia on Deck This Week

By Martin Peers · Feb 22, 2026 3:00pm PST
Before we get to what’s coming this week, let’s take a moment to honor the company that has honed the power of magical thinking. That would be OpenAI, whose latest long term revenue and profit projections we reported on Friday night here. The most important element of the report was that in 2025, the cost of running AI models quadrupled, so the... Before we get to what’s coming this week, let’s take a moment to honor the company that has honed...
Grafana Labs CEO Raj Dutt. Screenshot via YouTube
Exclusive

Grafana Labs in Talk to Raise at $9 Billion Valuation

By Katie Roof and Cory Weinberg · Feb 13, 2026 1:22pm PST
Grafana Labs, a software startup that helps companies monitor cloud and AI activity and spending, is finalizing a new funding round that would value it at about $9 billion, people familiar with the matter said. That’s up from $6.6 billion in a 2024 funding round. The funding talks follow Grafana’s growth in annual recurring revenue, which hit... Grafana Labs, a software startup that helps companies monitor cloud and AI activity and spending,...
Photo by David Paul Morris/ Getty Images
Applied AI

The Looming Battle Over Agent Management Software

By Kevin McLaughlin and Aaron Holmes · Feb 12, 2026 11:05am PST
The next big AI battleground will be centered on software for managing agents, helping businesses handle the growing suite of AI agents they’re using from different providers, as we reported today. On that front, the older enterprise software firms feel they have advantages over OpenAI and Anthropic.That advantage boils down to software firms’... The next big AI battleground will be centered on software for managing agents, helping businesses...
Snowflake CEO Sridhar Ramaswamy. Justin Sullivan/Getty Images.
Dealmaker

The Numbers Behind Snowflake’s $1 Billion App-Monitoring Acquisition

By Kevin McLaughlin and Valida Pau · Jan 8, 2026 4:52pm PST
On Thursday Snowflake said it was buying app monitoring startup Observe, confirming our earlier scoop. The sale, which we had previously reported would be roughly $1 billion, provides a decent exit for early investors in the nine-year-old startup, such as Sutter Hill Ventures and Madrona Ventures, both of which also previously backed Snowflake... On Thursday Snowflake said it was buying app monitoring startup Observe, confirming our earlier...