Data-managing firm’s strong revenue growth and well-known backers have helped make it biggest tech IPO of the year

title=

San Mateo, Calif.-based Snowflake was founded in 2012 to help companies manage data they store on the cloud.

Photo: Richard B. Levine/Zuma Press

Snowflake Inc. has become Silicon Valley’s hottest new public company. Here’s what you need to know about it.

What is Snowflake?

San Mateo, Calif.-based Snowflake was founded in 2012 to help companies manage data they store on the cloud—the remote servers and software services provided by the likes of Amazon.com Inc. and Microsoft Corp. that firms use to store and process vast amounts of information. Snowflake works with companies such as Capital One Financial Corp. and videogame maker Electronic Arts Inc. to help them manage and analyze their data. Snowflake, in its filing to go public, said it was vying for a market valued at north of $80 billion.

Resume Subscription

We are delighted that youd like to resume your subscription.

You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service.

Please click confirm to resume now.