Snowflake

SNOW

Snowflake Inc. is a cloud-based data-warehousing company that was founded in 2012. It has raised more than $1.4 billion in venture capital, and is based in San Mateo, California. It was publicly launched by Bob Muglia in 2014 after two years in stealth mode.Snowflake offers a cloud-based data storage and analytics service, generally termed "data warehouse-as-a-service". It allows corporate users to store and analyze data using cloud-based hardware and software. Snowflake runs on Amazon S3 since 2014, on Microsoft Azure since 2018 and on the Google Cloud Platform since 2019. Its Snowflake Data Exchange allows customers to discover, exchange and securely share data.

Snowflake has been a target of short sellers for a while. The current short interest of 5.12% is roughly at the average of the last 12 months (4.45%).