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While the startup world listened for better news in the aftermath of a volatile 2022, a new salvo of bad news emerged: global venture capital funding declined about 49% within the first six months of 2023 alone. Worsening inflation and rising interest rates are putting pressure on startups across all stages of venture funding to reframe their tech stacks or business models along the tech-scape’s collapsing edges.

At Snowflake, we’re committed to helping customers effectively manage and optimize spend. To this effect, we’re excited to launch the public preview of Budgets on AWS today, which enables customers to set spending limits and receive notifications for Snowflake credit usage for either their entire Snowflake account or for a custom group of resources within an account.

We are excited to announce the availability of data pipelines replication, which is now in public preview. In the event of an outage, this powerful new capability lets you easily replicate and failover your entire data ingestion and transformations pipelines in Snowflake with minimal downtime.

At Snowflake, we are dedicated to helping our customers effectively mobilize their data while upholding stringent standards for compliance and data governance. We understand the importance of quick and proactive identification of objects requiring governance, as well as the implementation of protective measures using tags and policies.