Snowflake Inc. (SNOW)

Snowflake provides the AI Data Cloud, a cloud-based platform that lets organizations consolidate data into a single source of truth, apply AI to business problems, build data applications, and securely share data and data products. The platform is aimed at breaking down data silos and solving data governance problems. It is delivered as a service with near-zero infrastructure maintenance and sold through a consumption-based business model. Customers can share data inside and outside their organizations, generally without copying or moving the underlying data. For the fiscal year ended January 31, 2026, revenue was $4.7 billion, up 29% year over year, with a net loss of $1.3 billion.

The platform supports several product categories: data engineering, analytics, transactions, AI, applications, and collaboration. Data engineering covers streaming and batch pipelines in SQL or Python, and analytics covers reporting and business intelligence. Transactions includes Unistore with hybrid tables and Snowflake Postgres. The AI category includes Snowflake Intelligence, Cortex AI, Cortex Analyst and Search, and the Snowflake ML suite. Applications covers the Native Application Framework, and collaboration covers secure data sharing, data clean rooms, replication, and the Snowflake Marketplace for third-party data sets, applications, and AI products. Developer tools include Snowpark (Python, Java, Scala) and Snowpark Container Services, a GPU-powered managed compute service. The company also offers industry-specific AI Data Clouds for financial services, advertising, media and entertainment, retail and consumer goods, healthcare and life sciences, manufacturing, technology, telecom, travel and hospitality, and the public sector.

Snowflake's platform is used globally by organizations of all sizes across many industries. As of January 31, 2026, it had 13,328 customers, including 790 of the Forbes Global 2000, which contributed about 43% of fiscal 2026 revenue. Net revenue retention was 125%, and 733 customers each contributed more than $1 million in trailing 12-month product revenue. The company is investing in regulated markets such as the public sector, financial services, and countries with data localization requirements, and is expanding in EMEA, Asia-Pacific and Japan, and Latin America. It extends distribution through the Snowflake Partner Network of system integrators, technology, software, and data providers, plus alliances with enterprise SaaS platforms and foundation model providers.

The architecture has three independently scalable layers: centralized storage for structured, semi-structured, and unstructured data, multi-cluster compute, and a cloud services layer that handles security, monitoring, query optimization, and metadata. It runs on three major public clouds across 53 regional deployments, generally interconnected through Snowgrid technology. It supports ACID-compliant transactions, high availability across multiple data centers, cross-deployment replication and recovery, and a proprietary columnar data format. The text does not identify suppliers, competitors, or headquarters.