Goldman Sachs Reportedly Renews Contract With Snowflake

Goldman Sachs (NYSE: GS), one of the largest investment banks in the world, has reportedly renewed its contract with the cloud-based data-warehousing company Snowflake (NYSE: SNOW), Bloomberg reported today, citing anonymous sources.

The deal is apparently worth millions of dollars and was signed back in July, according to Bloomberg's sources. Snowflake went public in September and scored the largest initial public offering of 2020, and the largest software IPO ever.

Customers can use Snowflake to store all their data into a single and easy-to-access place where they can then leverage it for data engineering, a data lake, warehousing, data science, data applications, and sharing.

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Source Fool.com