Startup Beat

Snowflake, the cloud-based data warehouse offering data storage and analytics services, has become a goliath in the market. The company’s moat lies in its data technologies that let organizations analyze and make sense of unstructured data. Amid the generative AI boom, companies are ready to spend to use huge datasets to their advantage.

In fact, Jefferies analyst Brent Thill recently named Snowflake as his top AI pick for the back half of 2024 as he expects the stock to benefit from the rising demand in infrastructure and software. Thill believes companies like Snowflake will benefit as companies begin to install and deploy AI software in the proof of concept stage of the AI cycle.

Other companies have also taken notice. SQream, a data processing platform based in NYC and Israel, this week announced the launch of its native connector that brings its cloud data solution, SQream Blue, to the

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