JPMorgan has tapped buzzy startup Snowflake to help it solve one of the biggest issues firms face when moving to the cloud
- JPMorgan is working with buzzy data storage company Snowflake as part of its public cloud strategy, according to a source familiar with the matter.
- Snowflake, which is valued at $3.5 billion, gives the bank flexibility to work between multiple public cloud providers.
- On May 1, former Microsoft executive Bob Muglia stepped down as Snowflake’s CEO.
JPMorgan is turning to one of Silicon Valley’s hottest startups for help with its cloud strategy.
The bank has started working with cloud-based data warehouse Snowflake as part of its developing public cloud strategy, according to a source familiar with the matter.
JPMorgan’s motivation for teaming up