Everybody chill, we're still in the cart
Data cloud vendor Snowflake has felt the need to publish a clarification following statements on payments from key customer Instacart, which are likely to add up to $100 million over four years., a filing to the US Securities and Exchange Commission revealed payments – and expected payments – to Snowflake, which provides a vital element of Instacart's analytics stack.
"In addition, we anticipate we will pay Snowflake approximately $15 million for cloud-based data warehousing services during the year ending December 31, 2023." It also said that Snowflake CEO Frank Slootman has served as a member of the Instacart board of directors since January 2021. Much to the dismay of the SaaS analytics provider, citizens of social media began to ask whether the dramatic drop-off in expected payments for 2023 reflected a decline in usage."In the past few days, the scope and trajectory of Instacart's use of Snowflake has been misrepresented by some on social media," it said in
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