Sutter Hill Ventures

I speak with Snowflake CEO Sridhar Ramaswamy about the company's Q3 FY 2025 results, the impact of AI on business intelligence, and the significance of the Anthropic partnership.

Yesterday, we announced an incredibly exciting partnership between Snowflake and Anthropic - industry leaders coming together to redefine how enterprises harness the power of AI. This strategic multi-year collaboration will bring Anthropic’s state-of-the-art Claude models directly to customers through Snowflake Cortex AI, enabling businesses worldwide to unlock exceptional value from their data. In an era where AI is reshaping industries, this partnership sets a new standard. By integrating Anthropic’s best-in-class reasoning, planning, and problem-solving capabilities with Snowflake’s secure, trusted AI Data Cloud, our customers will be empowered to: ➡️ Analyze and act on data more effectively through conversational assistants and advanced large-scale language processing. ➡️ Accelerate insights with generative AI features embedded directly within their Snowflake environments on AWS. ➡️ Maintain trust and governance with enterprise-grade compliance controls and robust security guardrails native to Snowflake’s platform. At the heart of this partnership is a shared commitment to responsible, scalable, and impactful AI. Enterprises will now be able to seamlessly leverage Claude’s transformative AI capabilities within the trusted ecosystem of Snowflake, enabling smarter decisions, enhanced operational efficiency, and the discovery of untapped growth opportunities. This collaboration reflects our vision of delivering easy, efficient, and trusted AI solutions that are deeply integrated into the workflows of businesses across the globe. Claude will also be one of the key LLMs powering our agentic AI products like Snowflake Intelligence and Cortex Analyst, so users can reduce time-to-market and gain more value with industry-leading accuracy and scalability.

A Major Milestone for Enfabrica! Today, we are happy to announce two transformative updates: 🔹 The General Availability of Enfabrica’s 3.2 Terabit/sec ACF SuperNIC — Our groundbreaking chip is redefining GPU networking for AI and accelerated computing. With support for scaling 500K+ GPU clusters and delivering unmatched resiliency, utilization, and operator control, the ACF SuperNIC is set to revolutionize the AI infrastructure landscape. Shipping starts in Q1 2025! Read more here: https://lnkd.in/gunVUgaw 🔹 $115M in New Funding — To power this growth, we’ve raised a $115M Series C round, to drive the volume ramp of the ACF SuperNIC, expand our global R&D team, and work on our next-gen products. Thank you to Spark Capital who led the round; new investors Arm, Cisco Investments, Maverick Capital, Samsung Catalyst Fund, & Venturetech Alliance LLC; supporting investors Atreides Management, LP, Alumni Ventures, IAG Capital Partners, Liberty Global, Sutter Hill Ventures, & Valor Equity Partners. Their commitment is a recognition of our leadership in a rapidly evolving AI infrastructure industry. Read more here: https://lnkd.in/g9k8ARty Enfabrica is building the future of networking for AI and accelerated compute. Learn how our innovative silicon is driving the next wave of AI infrastructure. #Enfabrica #ACFSuperNIC #GPU #AI #AcceleratedComputing #SeriesC #Funding

Happy to continue the Everest SaaS ERP series with a closer look at sandboxing.

The #SnowflakeStartupChallenge is back, and this time, Snowflake and the New York Stock Exchange (NYSE) are bringing more opportunities to empower AI startups worldwide!🌍🏅 If you're an early-stage startup building powerful applications with Snowflake's AI Data Cloud, this is your chance to shine. Register your interest today and take your startup to the next level! Link: https://lnkd.in/gWXVWkkN

SiFive, leader in RISC-V has made a big splash recently releasing numerous chips. Company's CEO, Patrick Little formerly at Qualcomm is doing a great job. Most recently Martyn Stroeve and David Miller told us about the P550 HiFive the highest-performing RISC-V development board available. In reality we are talking about the developer computer that needs a PSU and optionally case to work. Great news for the RISC-V International-V ecosystem and the CEO Calista Redmond especially in current turbulent environment between Arm ecosystem and Intel Corporation AMD #X86 players. https://lnkd.in/dDzdYrVz

Most of today's coding AIs behave like a new C.S. graduate -- they understand algorithms and programming languages, but know very little about your repo and how you build software. Curious to see how much better coding can be with an AI that performs like an expert member of your team? Augment Code https://bit.ly/3ARqlLW

AI coding tools are everywhere. Yet they all fall short when scaling to 100s of developers and complex codebases. We’re solving this problem at Augment Code. Today, we’re sharing the first look at our platform: the first developer AI for teams. What makes Augment different? Context. Every Augment feature is context-aware. This means every suggestion, completion, and interaction reflects the components, APIs, and coding patterns in your codebase. For software engineers on professional teams, context really matters. When AI deeply understands your codebase, incredible things happen… 🤝 Onboarding new developers? Done. Augment brings instant answers to every engineer, so new teammates can quickly get up to speed. Use chat to ask questions like, “where do we bootstrap this app?” or “what’s the cadence of releases?” to get your team ramped, fast. 🎛 Constant context switching? Solved. Get instant answers and code completions, right in your IDE. 🏭 Institutional knowledge silos? Eliminated. No more searching through out-of-date or missing documentation, or worse, fielding constant questions. 💾 Legacy code? Handled. Augment deeply understands your entire codebase, regardless of when it was built, who wrote it, or what languages and dependencies it uses. 💻 Augment works as an IDE extension, starting with VSCode or JetBrains. 💪 Teams at Webflow, Kong Inc., Pigment, and more are already building with Augment. The best way to see if Augment works for your team is to try it, for free. Give us your largest repos and most complex code to see what we can do: https://bit.ly/4fjUFxL Thank you to our earliest customers: your feedback, support, and ideas inspire our team daily. 💚 And thank you to our investors Sutter Hill Ventures, Index Ventures, Innovation Endeavors, Lightspeed, and Meritech Capital 🚀

Closing on a great journey over a decade, I’ve decided to leave Juniper Networks and the company I co-founded, #Apstra. The journey started in 2014 when David Cheriton and Sasha Ratkovic trusted me in joining forces as co-founders to reinvent network operations with #IntentBasedNetworking. We got acquired by Juniper in early 2021, and today, Juniper Apstra is a core differentiator for Juniper’s data center strategy. Along the way, I had the privilege to help shape Juniper’s newfound success in the data center market.    I feel optimistic about the future of Juniper’s data center business and the path ahead. To all our customers, partners, well wishers, and every team member that contributed to our success, I feel deeply grateful and say Thank You. While I feel sad about leaving, given all the disruptive changes in the industry I believe it’s the right time to explore new opportunities for innovation in infrastructure. I’m excited to join Sutter Hill Ventures and work with Stefan Dyckerhoff in this exploration. I plan to attend Meta's AI Networking@Scale event on Wednesday - if you plan to be there, please let me know, it would be great to see you. Onwards!

Welcome to Sutter Hill Ventures - really excited to explore the future of AI networks!