Snowflake Achieves FedRAMP High Authorization On AWS GovCloud U.S.-West And U.S.-East
Portfolio Pulse from Benzinga Newsdesk
Snowflake (NYSE:SNOW) has received FedRAMP High Authorization on AWS GovCloud, enabling it to handle sensitive unclassified federal data. This authorization allows Snowflake to offer its Government & Education Data Cloud for various government workloads and critical data analytics. Snowflake also announced enhanced governance capabilities with Snowflake Horizon at its 2023 Snowday event. The platform supports regulated workloads and enables secure data sharing for public sector organizations.
December 11, 2023 | 2:20 pm
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Snowflake's FedRAMP High Authorization on AWS GovCloud positions it as a secure platform for handling sensitive government data, potentially increasing its attractiveness to public sector clients.
The FedRAMP High Authorization is a significant achievement for Snowflake, indicating a high level of security and compliance that is critical for government contracts. This could lead to increased trust and potentially more government contracts in the short term, positively impacting Snowflake's stock price.
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