The Business Times
SUBSCRIBERS

Snowflake continues investing in growth in an AI revolution

The high-growth data-management platform is in the red, but that’s from ploughing back capital to invest in the future, says its co-founder

Summarise
Benjamin Cher

Benjamin Cher

Published Sat, Apr 12, 2025 · 07:00 AM
    • Benoit Dageville, co-founder of Snowflake, says automation is on the cards, which would keep costs down. The challenge lies in growing and scaling the data platform to meet customers’ needs at a price point that is not exorbitant.
    • Benoit Dageville, co-founder of Snowflake, says automation is on the cards, which would keep costs down. The challenge lies in growing and scaling the data platform to meet customers’ needs at a price point that is not exorbitant. PHOTO: SNOWFLAKE

    [SINGAPORE] Artificial intelligence (AI) has a symbiotic relationship with data – and data management platform Snowflake has taken this ball and run with it.

    From leveraging cloud computing for data analysis to now managing both structured and unstructured data for companies, Snowflake has evolved its business. Structured data is information that fits neatly into formats that machines can understand; unstructured data is information that does not.

    Although revenue jumped 29 per cent to US$3.6 billion for FY2025 ended Jan 31 from US$2.8 billion the year before, the company’s losses are widening. Snowflake reported a loss of US$1.3 billion in FY2025, surpassing the US$836.1 million loss in FY2024.

    Topline

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More