Lionel Sujay Vailshery
Research expert covering cloud computing and emerging tech industries
Snowflake Inc. - statistics & facts
With one of the largest software initial public offerings (IPO) in history, the U.S. firm Snowflake is cloud success story. Behind the stock market buzz lies a highly successful product - a unified cloud data platform that enables customers to easily access, analyze, and share their data. Founded in 2012 and publicly launched in 2014, Snowflake has grown to become one of the world’s largest cloud vendors by revenue as of 2023. The company reported revenue of over 2.8 billion U.S. dollars in its financial year ending January 31, 2024, up from almost 2.1 billion the previous year, though has posted consecutive net losses since going public in 2020. Snowflake’s workforce has grown rapidly in recent years, with its headcount exceeding seven thousand in late 2024.
