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.

Recent Articles about Snowflake

Carina Hong, founder and CEO of Axiom. Screenshot via YouTube

A Major Anthropic Backer Quintuples an AI Math Startup’s Valuation in New Deal

By Stephanie Palazzolo and Valida Pau · Feb 3, 2026 7:00am PST

Investors usually fund startups based on metrics involving revenue, profits or product usage. But investors backing newer AI research startups that are taking on Anthropic and OpenAI have to rely on other measures of success, such as incremental research breakthroughs or recent talent hirings. One example is AI math startup Axiom, which is... Investors usually fund startups based on metrics involving revenue, profits or product usage. But...

Elon Musk. Getty Images.

What’s Really Driving Musk’s SpaceX-xAI Merger

By Martin Peers · Feb 2, 2026 5:00pm PST · 5 comments

Talk about pie in the sky. On Monday, Elon Musk announced that his SpaceX had acquired his cash-eating xAI, at a price we reported to be $250 billion. SpaceX was already planning to go public, but now xAI will be able to get some of the cash the newly enlarged company will raise. Of course, that’s not how Musk explained the combination. Instead,... Talk about pie in the sky. On Monday, Elon Musk announced that his SpaceX had acquired his...

Art by Mike Sullivan/Gemini

Why AI Startups' Fixation on 'Cracked' Engineers is Short-Sighted

By Rocket Drew · Jan 20, 2026 7:37am PST

Before we get to today’s column, OpenAI’s Chief Financial Officer Sarah Friar pulled back the curtain this weekend on how the ChatGPT maker’s consumption of computational resources and annualized revenue have grown at approximately the same pace over time. That isn’t super surprising, given that most companies would expect their revenue to grow... Before we get to today’s column, OpenAI’s Chief Financial Officer Sarah Friar pulled back the...

Photo by Chris Ratcliffe/Getty Images

Tech at Davos; Netflix and Intel Earnings on Deck This Week

By Martin Peers · Jan 19, 2026 3:00pm PST

Photo by Chris Ratcliffe/Getty Images

Tech at Davos; Netflix and Intel Earnings on Deck This Week

By Martin Peers · Jan 19, 2026 3:00pm PST

We have a change of pace this week after the AI dramas of the past few days. President Donald Trump’s latest tariff assault on Europe, related to his aspirations for owning Greenland, will have markets jumpy—as we saw on Monday. Maybe a deal can be worked out at the annual World Economic Forum confab at Davos, which started today. Expect to see... We have a change of pace this week after the AI dramas of the past few days. President Donald...

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The Rise of the Pre-IPO Round

By Laura Mandaro · Jan 13, 2026 3:10pm PST

A favorite trade of 2020 and 2021—buying into a startup shortly before the company is expected to go public, often through the sale of notes convertible into equity—is bubbling again as more startups inch toward public listings. These convertible notes can act as a strong signal the company is intent on an IPO, well before it files a prospectus.... A favorite trade of 2020 and 2021—buying into a startup shortly before the company is expected to...

David Ellison. Photo by Patrick T. Fallon/AFP via Getty Images.

Ellison Should Abandon WBD Battle

By Martin Peers · Jan 8, 2026 5:05pm PST

David Ellison just can’t get any respect. The son of Oracle founder Larry Ellison and CEO of Paramount Skydance is going nowhere in his efforts to buy Warner Bros. Discovery, owner of HBO Max, Warner Bros. Studio and a bunch of cable channels including CNN. Ellison has a very persuasive argument that his $30 a share offer—$108 billion in total—... David Ellison just can’t get any respect. The son of Oracle founder Larry Ellison and CEO of...

Snowflake CEO Sridhar Ramaswamy. Justin Sullivan/Getty Images.

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...

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2025’s Best Performing Tech Stocks

By Martin Peers · Dec 31, 2025 2:00pm PST

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2025’s Best Performing Tech Stocks

By Martin Peers · Dec 31, 2025 2:00pm PST

Oh, to have been an investor in Sandisk in 2025. That company, probably best known to consumers for those little memory cards or USB drives, was one of the best performing tech stocks of 2025—gaining 559% since February, when it was spun out of Western Digital to be a standalone company. By comparison, the best performing of the big tech names,... Oh, to have been an investor in Sandisk in 2025. That company, probably best known to consumers...

What xAI’s Memphis Christmas Lights Tell Us About Data Centers in Space

What xAI’s Memphis Christmas Lights Tell Us About Data Centers in Space

By Theo Wayt · Dec 24, 2025 12:35pm PST

In my hometown of Memphis, Tenn., Elon Musk’s xAI is a big topic of conversation for the second holiday season in a row thanks to the two gigantic data centers the company has opened here. The multibillion-dollar facilities have sparked a lot of local opposition because they’re being powered by gas generators that emit air pollution. In... In my hometown of Memphis, Tenn., Elon Musk’s xAI is a big topic of conversation for the second...

The Hong Kong Stock Exchange. Chen Yongnuo/CNS/VCG via Getty Images.

Two IPO-Bound AI Model Developers Reveal Their Losses

By Juro Osawa · Dec 24, 2025 7:00am PST

Two Chinese AI startups are vying to be the first publicly traded AI model providers in the global stock market, ahead of expected future initial public offerings from OpenAI and Anthropic. The Chinese firms’ IPO filings offer a window into the hardship facing smaller AI firms that don’t have older cash-cow businesses.Shanghai-based MiniMax... Two Chinese AI startups are vying to be the first publicly traded AI model providers in the...

Snowflake CEO Sridhar Ramaswamy. Justin Sullivan/Getty Images

Snowflake in Talks to Buy App Monitoring Startup Observe Inc. For Around $1 Billion

By Valida Pau, Kevin McLaughlin and Katie Roof · Dec 23, 2025 4:12pm PST

Snowflake is in talks to buy app monitoring startup Observe Inc. for around $1 billion, which would likely be the biggest deal in Snowflake’s history, according to people with knowledge of the discussions. Observe, based in San Mateo, Calif., sells so-called observability tools that help developers to understand how their applications are... Snowflake is in talks to buy app monitoring startup Observe Inc. for around $1 billion, which...

CEO of Anthropic, Dario Amodei. Photo by Michael M. Santiago/Getty Images

Anthropic’s CEO Says He Doesn’t Do ‘Code Reds’

By Rocket Drew · Dec 4, 2025 7:00am PST · 1 comment

CEO of Anthropic, Dario Amodei. Photo by Michael M. Santiago/Getty Images

Anthropic’s CEO Says He Doesn’t Do ‘Code Reds’

By Rocket Drew · Dec 4, 2025 7:00am PST · 1 comment

Anthropic CEO Dario Amodei on Wednesday threw shade at archrival OpenAI, saying at The New York Times Dealbook Summit that “we don’t have to do any code reds.” It was a reference to our report Monday that OpenAI CEO Sam Altman initiated a “code red,” shifting staff to improve ChatGPT and image generation in response to Google’s success with its... Anthropic CEO Dario Amodei on Wednesday threw shade at archrival OpenAI, saying at The New York...

Salesforce CEO Marc Benioff at the 2025 Dreamforce conference last month. Getty Images

Salesforce’s (Small) AI Lift

By Martin Peers · Dec 3, 2025 5:00pm PST · 2 comments

There may be some blurry light at the end of the tunnel for Marc Benioff. Salesforce’s fiscal third-quarter numbers released on Wednesday suggest its revenue from AI products is growing enough to lift its annual growth rate just a bit. Salesforce is still growing very slowly—its new projection is for revenue to expand 9.2% in the current fiscal... There may be some blurry light at the end of the tunnel for Marc Benioff. Salesforce’s fiscal...

Amit Zavery, president and chief product officer at ServiceNow. Getty Images.

ServiceNow’s $1 Billion-Plus Acquisition Aimed at Winning Agent War

By Valida Pau · Dec 2, 2025 3:10pm PST

Dealmakers apparently did not get much of a break over the Thanksgiving weekend, as a flurry of recent merger announcements showed. In just the last day, The Information broke the news that Marvell Technology was buying photonics startup Celestial for billions of dollars and Anthropic was making its first outright acquisition, for coding tools... Dealmakers apparently did not get much of a break over the Thanksgiving weekend, as a flurry of...

Amazon CEO Andy at Amazon Re:Invent 2024. Photo courtesy of AWS

AWS Beats the AI Drum in Vegas

By Kevin McLaughlin · Nov 30, 2025 4:07pm PST

Hopefully, everyone has digested their Thanksgiving leftovers. It’s going to be a busy week, tech event-wise. The biggest of them all is re:Invent, Amazon Web Services’ annual customer conference in Las Vegas that has become something like the Super Bowl of cloud computing. On Tuesday, AWS CEO Matt Garman is scheduled to take the stage for... Hopefully, everyone has digested their Thanksgiving leftovers. It’s going to be a busy week, tech...