Snowflake CEO: Scaling Data, AI Agents and the New Software Era

Hi everyone, I'm Nikola Tanyan, the CEO of the Norwegian Soviet Wealth Fund, and today I'm joined by Srida Ramaswamy, the CEO of Snowflake. Snowflake is basically the data platform that many of the world's biggest companies run on, so when your bank approves a loan or when a hospital pulls together patient data, Snowflake is often the engine underneath. Sriha spent 15 years at Google, where he built the advertising business from 1.5 billion to over $100 billion. Then he walked away to start his own company and two years later he became the CEO of Snowflake. Now here at MBM we are investors in Snowflake and we are also big users of the products.

We have two petabytes of data in Snowflake, which is the equivalent of 2 million gigabytes, and we have roughly 3 million queries into the database every day. So big welcome, Sreader. Thank you, Nikolai. Happy to be here, excited for the conversation. First of all, how would you describe Snowflake to somebody who's never heard of it?

In brief. We are yeah, we are we are a data platform. We are like a cloud computing platform, like an AWS, but with a strong focus on data. We help you do everything from bring in data from various different systems, analyze it, get insights from it, and then take it to the systems where you take action. So we are an analytic data platform.

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