A message from Bob Muglia, Snowflake CEO:
It’s always great to hear that our customers love the ability to put all of their business data into Snowflake. We also know that the cost of storing much larger volumes of data has become a concern. You’ve told us that the real business value comes from the queries you run and not from storage, which has become a commodity.
We hear you. So, we are pleased to announce that effective November 1st we are lowering the storage price for all our customers:
- The new price for customers who have a prepaid, capacity agreement will drop to $30/TB per month — the baseline price that Amazon charges for S3. Since all of our capacity customers have pricing built into their agreement, we will be asking you to sign a simple, short addendum to switch to this price. In the coming weeks, your Snowflake sales representative will be reaching out to you.
- For customers who buy Snowflake on demand, your price will automatically be reduced to $50/TB per month starting in November.
These new prices will continue to apply to compressed storage and will cover all data stored in Snowflake, including data in Fail-safe. Taking compression into account, the effective price of storage for Snowflake will be less than $10/TB per month — a new industry milestone.
We’ve also heard that many of you have operations in Europe and would like to keep that data in Europe. So today, we are also announcing the immediate availability of a new Snowflake region in Frankfurt.
Finally, we want to help new customers gain quick and easy access to Snowflake. Starting in November, customers can use their credit card to sign up for Snowflake On Demand directly from the Snowflake website.
Snowflake is committed to the success of our customers. We love hearing your feedback. These announcements are a reflection of input we’ve heard from you. They represent one more step forward in our ongoing commitment to help you gain value from all your business data.
Thank you for your business and we look forward to helping you further succeed with Snowflake.