Bryan Shupe Stefan Williams

Summary List Placement

This week Snowflake is laying out a broad vision of an expanding “data economy,” and setting the groundwork for how the $74 billion data company plans to grow that ecosystem around the information stored in its flagship data warehousing software.

Snowflake is holding its annual user conference — held virtually, this year — where the company has already introduced a data marketplace, developer platform, and program to help companies create products built on its software.

On Thursday the company will turn to investment, and how its venture arm, Snowflake Ventures, is helping to grow startups around it, like ferns beneath a redwood tree. 

Snowflake Ventures, which is just seven months old, has thrown its wealth and support behind several notable data-related private companies, including DataRobot, Dataiku, and Lacework. The first two help companies build automation using data, and the last protects data with cybersecurity tools. 

Insider spoke with Stefan Williams, the head of Snowflake Ventures, about how the company approaches investment. Williams, a former ventures exec at ServiceNow, said Snowflake is helping to grow “a proliferation of startups” that align with the company’s objective of creating a data economy that uses intelligence to produce better goods and services. 

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Source:: Businessinsider – Technology

      

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