Progressing Snowflake to the next level with their new CEO

Former CEO Frank Slootman has highlighted that there is no better person than Sridhar Ramaswamy to take over as the leader of Snowflake to drive the next stage of growth and harness the opportunities in AI and Machine Learning.

Former Google executive Sridhar Ramaswamy has taken the helm of Snowflake after CEO Frank Slootman announced he would be stepping down. Slootman explains that Snowflake is currently at the core of the AI revolution and believes Sridhar is the perfect person to lead Snowflake into the next growth stage and deliver more success.

From his time at Google to co-founding generative AI search firm Neeva, there are several things Snowflake customers and investors should know about Sridhar Ramaswamy.

Ramaswamy began his IT career in the mid-90s and joined Google in 2003 as a software engineer. He progressed through the business and became the senior vice president of engineering in 2011. During his time at Google, he played a pivotal role in developing Adwords and Google’s advertising business from $1.5 billion to over $100 billion. 

In 2019, Ramaswamy co-founded the AI-powered search engine business Neeva. Neeva focused on making search more intelligent at scale, creating a search engine that utilises generative AI and other solutions, enabling users to explore data in different ways. Neeva raised over $75 million in funding and was acquired by Snowflake in 2023.

Slootman explained that Neeva enables Snowflake users and developers to create rich search-enabled and conversational experiences. Slootman recently highlighted that Neeva will strengthen Snowflake’s opportunity to allow non-technical customers to generate real value from their data.

The new CEO will prioritise GenAI for Snowflake

Ramaswamy has emphasised its focus on achieving more around generative AI. In a recent interview, the newly appointed CEO explained their ambition to strengthen the data process and secure more value from Snowflake, whether through additional applications or using the power of generative AI. Ramaswamy is excited to lead Snowflake into its next stage of development and continue pursuing their vision around a true data cloud, where data and applications combine for their customers and development partners.

While the news of Slootman’s departure impacted Snowflake’s stocks, the business predicted a 22% product growth revenue for the next fiscal year. Ramaswamy is confident about the future of Snowflake and his position as the new CEO. 

There is a significant opportunity to support all customers harness the power of AI and generate considerable business value. Ramaswamy’s focus will be accelerating its ability to drive innovation to customers and partners.

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