Instacart clarifies its Snowflake payments in updated IPO prospectus after clash with Databricks
Frank Slootman, CEO of Snowflake, on the day of its 2020 IPO, Sept. 16th, 2020. CNBC Instacart filed an updated IPO prospectus on Monday and clarified how its contract works with data storage and analytics company Snowflake, after the initial filing appeared to show a dramatic decline in spending on Snowflake’s technology. Snowflake CEO Frank Slootman is an Instacart board member, a relationship…
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