Forbes names Snowflake as a cloud technology innovator and market leader
Jul 11, 2017
Forbes Cloud 100 list recognizes Snowflake’s built-for-the-cloud data warehouse and its company culture, valuation and growth
SAN MATEO (July 11, 2017) — Snowflake Computing, the only data warehouse built for the cloud, has been named to the Forbes 2017 Cloud 100 list, the definitive list of the 100 top private cloud companies that are leading the cloud technology revolution. The Cloud 100, published in partnership with Bessemer Venture Partners and Salesforce Ventures, chose Snowflake on the strength of its market leadership, culture and valuation, as well as metrics such as revenue and growth.
“Snowflake’s built-for-the-cloud architecture has dramatically changed the way organizations do business by helping them harness all of their data in a powerful, flexible, affordable way,” says Bob Muglia, Snowflake CEO. “We’re honored that Forbes, Salesforce Ventures and Bessemer Venture Partners have recognized the way our data warehouse platform enables organizations of all sizes to solve their business problems with breathtaking speed and simplicity.”
The Forbes Cloud 100 judging panel, which comprised CEOs of public cloud companies, received hundreds of applications from cloud startups. The panel used submitted data to select and rank the top 100 companies on four criteria: estimated valuation (30%), operating metrics (20%), people and culture (15%) and market leadership (35%).
“Our inaugural Cloud 100 list showed the tech and venture capital community just how many standout private cloud companies there are to watch, and this year’s list is no exception,” said Alex Konrad, Forbes editor of the Cloud 100 list. “Forbes has a keen eye for businesses, and combining that with Bessemer Venture Partners and Salesforce Ventures’ deep knowledge of the cloud industry, any company’s inclusion on the Forbes 2017 Cloud 100 list is cause to celebrate.”
“These companies are leading the cloud technology revolution,” said Byron Deeter, a top cloud investor and partner at Bessemer Venture Partners. “The founders and teams behind the Forbes 2017 Cloud 100 companies are of another caliber and we are beyond excited to celebrate the hard work and enormous value these companies are creating as they propel the trillion-dollar software industry forward.”
“The business opportunity for cloud computing is tremendous as the spend on cloud computing and the rate of adoption continues to grow and advance the ecosystem,” said John Somorjai, EVP Salesforce Ventures and Corporate Development. “We’re thrilled to highlight the potential of these top-tier private companies in the field and see where they take their businesses and the economies around the world.”
The Forbes 2017 Cloud 100 and 20 Rising Stars lists are published online at www.forbes.com/cloud100 and will appear in the July 27, 2017, issue of Forbes magazine.
Read more about why customers around the world choose Snowflake’s data warehouse to harness their data, and how Snowflake is changing the way organizations do business with the world’s first data sharehouse.
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About Snowflake Computing
Snowflake is the only data warehouse built for the cloud. Snowflake delivers the performance, concurrency and simplicity needed to store and analyze all data available to an organization in one location. Snowflake’s technology combines the power of data warehousing, the flexibility of big data platforms, the elasticity of the cloud, and live data sharing at a fraction of the cost of traditional solutions. Snowflake: Your data, no limits. Find out more at www.snowflake.com.