Snowflake is a cloud computing-based data warehousing solution. Founded in 2012, Snowflake offers storage and analytics services. It runs on Amazon S3, Microsoft Azure, and the Google Cloud platform.
Snowflake rose to prominence quickly. Indeed, the initial public offering (IPO) in 2020 raised $3.4 billion. Interestingly, investors included Warren Buffett's Berkshire Hathway, which hadn't invested in an IPO since the Ford Motor Company in 1956.