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Snowflake becomes latest tech company to leave Silicon Valley

Mount Equity Group Tokyo, Japan > News > Business > Snowflake becomes latest tech company to leave Silicon Valley

Cloud software company Snowflake has become the latest tech firm to leave Silicon Valley, opting instead for offices across the country rather than a single headquarters.

In a filing this week with the Securities and Exchange Commission, the company explained, “We are a Delaware corporation with a globally distributed workforce and no corporate headquarters.”

In reporting first-quarter earnings Wednesday evening, the company’s dateline appeared as “No-Headquarters/BOZEMAN, Mont.”

“For purposes of this report, we have designated our office in Bozeman, Montana as our principal executive office, as that is where our Chief Executive Officer and Chief Financial Officer are based,” the company said in a filing. Snowflake, formerly headquartered in San Mateo, California, still has a large office in Silicon Valley.

Snowflake designated their headquarters in Bozeman, Montana,Alamy Stock Photo

Its step away from Silicon Valley builds on a trend of major tech companies moving away from the industry’s main hub in the US. 

Palantir previously moved to Colorado and derided Silicon Valley and the values of its residents. Oracle and Hewlett Packard both moved to Texas last year, as did Tesla and SpaceX CEO Elon Musk

Other Bay Area heavyweights like Dropbox, Twitter and Facebook have offered permanent remote