Snowflake has announced a $200 million expansion of its Startup Accelerator, which supports early-stage, AI-driven startups. This move demonstrates Snowflake's ongoing commitment to fostering innovation in the tech industry. Participants receive valuable resources including technical support, co-marketing opportunities, and credits for AWS. Notable alumni include LandingAI and TwelveLabs. The new funding will be sourced from a variety of venture capital partners. Alongside this expansion, Snowflake is also establishing a new AI hub and launching a $20 million AI upskilling initiative.
Snowflake plans to inject $200 million into its Startup Accelerator, expanding its support for AI-focused early-stage startups, amidst ongoing growth and investment in AI technology.
Snowflake's Startup Accelerator, investing in startups creating AI-based industry-specific solutions, enhances its commitment through $200 million from various VC partners to bolster technology innovation.
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