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News on Medial
Data cloud firm Snowflake names ex-Microsoft executive Vijayant Rai as new India MD
Economic Times
·
1y ago
Medial
Data cloud firm Snowflake has appointed Vijayant Rai, an ex-Microsoft executive, as its new Managing Director for India. Rai will be responsible for driving the company's growth strategy in the country and expanding its customer base. Snowflake, a cloud-based data platform, aims to help organizations unlock the full potential of their data, enabling faster and more informed decision-making.
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Former Microsoft executive Vijayant Rai joins Snowflake as new India MD
Inc42
·
1y ago
Medial
Vijayant Rai, former executive director at Microsoft India, has been appointed as the new managing director for India at Snowflake, a data cloud company. In his new role, Rai will be responsible for driving business growth and the go-to-market strategy for Snowflake in the country. Prior to joining Snowflake, Rai served as the country leader for the BFSI industry segment at Microsoft India. With his vast sales experience, Rai will oversee strategy, sales, and execution, and drive the adoption of Snowflake's data cloud across various industries in India.
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Meet IITian Sridhar Ramaswamy, the newest CEO of US-based Snowflake
IndianStartupNews
·
1y ago
Medial
Frank Slootman has stepped down as CEO of data cloud company Snowflake, with Sridhar Ramaswamy taking over the role. Ramaswamy, an AI expert and former Google executive, joined Snowflake in May 2023 and led the launch of Snowflake Cortex, a managed service for AI. Slootman will continue to serve as Chairman of the Board. Snowflake's Data Cloud platform allows organizations to consolidate and analyze their data, while ensuring privacy and security. Ramaswamy's focus will be on accelerating innovation and helping customers leverage AI to drive business value.
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New Snowflake Chief Sridhar Ramaswamy Joins List Of Global India-Born CEOs
Inc42
·
1y ago
Medial
Sridhar Ramaswamy has been appointed as the CEO of Snowflake, a data cloud company. He takes over from Frank Slootman, who will continue to serve as chairman of the board. Ramaswamy previously held the position of senior vice president of AI at Snowflake and was instrumental in spearheading the company's AI strategy. Prior to Snowflake, Ramaswamy co-founded Neeva, an AI-powered search engine. Snowflake aims to help organizations efficiently utilize their data through its data cloud platform. Ramaswamy's appointment reflects the growing influence of Indian-origin executives in global corporations.
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Cloud analytics firm Snowflake raises annual product revenue forecast, unchanged margins weigh on shares
Economic Times
·
11m ago
Medial
Snowflake, a data cloud analytics firm, has raised its forecast for full-year product revenue due to increasing demand for its cloud platform powered by artificial intelligence (AI). However, the company's shares dropped over 8% in extended trading as it did not raise its margin forecast accordingly. Snowflake now expects product revenue of $3.36 billion for fiscal 2025, up from its previous projection of $3.30 billion. The company also authorized a buyback of an additional $2.5 billion worth of its shares. Snowflake's growth has been driven by AI integration, streamlining data processes for enterprises.
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Qlik acquires AI data management firm Mozaic
Economic Times
·
1y ago
Medial
Swedish data analytics company Qlik has acquired AI-driven data management provider Mozaic Data. The move aims to accelerate data deployment and utilization across enterprises, particularly in cloud platforms like Amazon Redshift, Databricks, Google BigQuery, Microsoft Fabric, and Snowflake. Mozaic's data products are focused on decentralized architecture, with a data product marketplace for different business needs. The acquisition will contribute to Qlik's strategy of treating data as a product and align with their upcoming projects. Qlik currently serves over 40,000 enterprise customers worldwide.
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A&M India hires former McKinsey, Accenture execs to strengthen top deck
VCCircle
·
7m ago
Medial
Alvarez & Marsal (A&M) has hired two senior executives to strengthen its energy and resources practice in India. The professional services and turnaround firm appointed Kunwar Vijayant Singh, a former partner at McKinsey & Company, and Ranajit Sahu, a former executive at Accenture. A&M has been focused on enhancing its leadership teams in various verticals.
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Snowflake partners with Nvidia to launch full-stack AI platform
Economic Times
·
1y ago
Medial
Data cloud company Snowflake has partnered with chipmaker Nvidia to create an AI platform for enterprise customers. The collaboration aims to combine their data storage and processing capabilities to accelerate AI development for businesses in various sectors. Snowflake CEO, Sridhar Ramaswamy, highlighted the importance of data in establishing an effective AI strategy. The partnership aims to deliver a secure, scalable, and user-friendly platform for enterprise data, making AI more accessible to users of all technical backgrounds. The collaboration will enhance Snowflake's products such as Snowflake Copilot and Document AI, integrating Nvidia's accelerated compute abilities.
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High-quality data key to unlocking value from AI, GenAI: Snowflake AI head
Livemint
·
9m ago
Medial
Companies looking to scale their artificial intelligence (AI) and generative AI (GenAI) capabilities must prioritize data readiness, governance, and model accuracy, according to Baris Gultekin, head of AI at Snowflake. Cloud data platforms like Snowflake help businesses consolidate and analyze data effectively, integrating data from various sources and improving governance, security, and productivity. Snowflake's platform allows companies to run AI models close to their data, avoiding complex transfers. The joint report by MIT Technology Review Insights and Snowflake emphasizes the need for high-quality data to power GenAI projects. The future of AI lies in autonomous agentic systems, which perform tasks with minimal human involvement. Snowflake is also working on addressing AI challenges like model hallucinations and highlighted the importance of nurturing relationships and understanding in the age of automation.
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Snowflake introduces AI and data infrastructure tools to boost enterprise adoption
YourStory
·
2m ago
Medial
Snowflake has unveiled new AI-driven data infrastructure solutions at its Snowflake Summit 2025, addressing the rising enterprise demand for enhanced data analytics. Key offerings like Snowflake OpenFlow and Snowflake Intelligence aim to streamline data integration and extract insights using natural language. These innovations focus on democratizing data access and improving AI workflows. The company also introduced enhancements to its Cortex AI suite to aid productivity and legacy system migrations, boosting enterprise adoption and internal efficiency.
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Snowflake appoints Sridhar Ramaswamy as CEO
Economic Times
·
1y ago
Medial
Data cloud company Snowflake has appointed Sridhar Ramaswamy as its new CEO and a member of the board of directors. Ramaswamy, previously the senior vice president of artificial intelligence (AI) at Snowflake, will succeed Frank Slootman, who will continue as chairman of the board. Ramaswamy, an IIT Madras alumnus, has an extensive background in AI and previously built Neeva, a competitor to Google Search. Snowflake reported strong financial results for the fourth quarter, with total revenues of $775 million, up 32% year-on-year, and a narrowed net loss. However, the company's shares fell over 20% following the announcement of the CEO change.
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