, became a technology star by addressing a pressing need: helping businesses store and manage their data in the cloud.
"COVID is Snowflake's best friend," Eric Schiffer, president of the private equity firm Patriarch Organization, told Business Insider. "COVID-19 has become more of a tailwind than a headwind for us," he told Business Insider, indicating that Snowflake was likely seeing similar trends. "COVID-19 essentially took us from 2020 April to 2023 May. We skipped 2021 and 2022. Whatever projects were planned for 2021 and 2022 suddenly got packed into six, eight or 12 months."
Snowflake's tools worked on the platforms of the three giants, which made it attractive to clients looking for flexibility and who did not want to be locked into one cloud provider. "It's going to be a fierce hard fought battle," Verma said. "If Snowflake doesn't execute, then it will probably not be the Cinderella story that we all think it is…It is going to be a fiercely fiercely competitive market, and it's competing against vendors with extremely deep pockets."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon's new advertising metric helps compare performance to Facebook and Google - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. its time to break Amazon's retail business from their 3rd party business. Antitrust Enforcement is needed.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Snowflake agreed spend to $1.2 billion on cloud services, uses AWS - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. GUESS WHAT? We have a 10% off coupon going around for ALL purchases $20 and OVER. The coupon expires: August 30th 2020 at 12 AM (Eastern Time). START SHOPPING BEFORE ITS EXPIRED! Use coupon: SIMPLESPIRITZ10 for 10% of all purchases $20 and over. Link is in our bio! START BUYING
Source: BusinessInsider - 🏆 729. / 51 Read more »
Snowflake's IPO could mean a hefty payday for investors and execs - Business InsiderSnowflake's IPO will likely lead to a hefty payday for investors like Sutter Hill Ventures, ICONIQ and Sequoia — and for the $12.4 billion cloud startup's execs, including ex-CEO Bob Muglia
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google alumni are running free classes for gap-year students - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Toys R Us is tapping Amazon to fulfill orders placed on its website - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. tobi Some people seem incapable of learning from their mistakes. They would have been better using Shopify, $SHOP to set up an online store. They would have kept their data and controlled the shopping experience. If you can't beat 'em, join 'em. BandarsBounties 👀👀👀
Source: BusinessInsider - 🏆 729. / 51 Read more »
Founders explain the mental health challenges of entrepreneurship - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are you an investor or you're looking to invest but don't know what to invest in? Send me a dm for business conversation. skennison gee. Poor little guys. I'm touched. Good thing their unmitigated greed and contempt for the rest of the human race is here to sustain them.
Source: BusinessInsider - 🏆 729. / 51 Read more »