Singapore – 24 November 2020 — Snowflake, creator of the Data Cloud, has announced its first-ever global Startup Challenge. The Startup Challenge invites early stage organizations that are building applications in the Snowflake Data Cloud to showcase their innovations via online submission, for a chance to be one of three finalists that will pitch to an audience of judges at Snowflake Summit in Summer 2021. The winner of the Startup Challenge may receive up to a $250,000 investment from Snowflake along with access to a global network of resources including venture capitalists and data experts.
Snowflake’s single, integrated platform enables startups to focus on building their data applications, without the burden of managing complex infrastructure. Software teams in hundreds of startups and enterprises are already innovating in the Data Cloud, leveraging the global network where thousands of organizations mobilize data with near-unlimited scale, concurrency, and performance, to help their customers acquire new users, uncover security threats, build machine learning models, analyze IOT data, and more.
“Snowflake’s architecture makes it an ideal platform for developing data applications and we continue to be impressed with how application builders innovate to launch their own data products in the Data Cloud,” Snowflake Co-Founder and President of Products, Benoit Dageville said. “This competition will showcase the power of data network effects while also expanding their reach. We look forward to rewarding a top startup who both embodies and employs the Snowflake vision: To mobilize the world’s data.”
“By successfully turning data to actionable insights, various local startup companies responding to the changing needs of customers have become household names in the region,” said Geoff Soon, Snowflake’s Managing Director for South Asia. “As we move into a digital world, we encourage local startups to innovate on the Data Cloud and accelerate their growth by participating in Snowflake’s Startup Challenge to tap onto our investments and network”
Startups that take part in the Snowflake Startup Competition will be evaluated based on a set of criteria, including business potential, level of innovation, and the use of Snowflake’s unique capabilities for their product. The final three competitors will pitch to a live audience (either in-person or virtually) at Snowflake Summit in Summer 2021. Snowflake Chief Marketing Officer, Denise Persson, Snowflake Co-Founder and President of Product, Benoit Dageville, and venture capital investors Mike Speiser with Sutter Hill Ventures and Carl Eschenbach with Sequoia Capital will judge the competition and pick a winner.
Snowflake’s platform provides many capabilities for startups–including separation of compute and storage, auto-scaling, per-second pricing, native support for semi-structured data, and secure data sharing–to help build differentiated applications, faster. Additionally, startups can leverage integrations with a broad range of technology partners in the Snowflake ecosystem.