Prefect Notes Correction to Press Release Regarding Partnership with Snowflake

WASHINGTON, May 3, 2022 /PRNewswire/ -- Prefect Technologies, Inc. announces a correction to the press release issued on April 28, 2022, titled "Prefect and Snowflake Partner to Bring Dataflow Automation to the Enterprise." The original press release stated that Prefect and Snowflake joint customer tastytrade has over 4,000 online trading accounts. The correct number of trading accounts is nearly 200,000, which are attributed to tastytrade subsidiary and online brokerage platform tastyworks.

This correction does not change any other information reported in the original press release in regards to the partnership between Prefect and Snowflake.

The corrected release follows:
Prefect Technologies, Inc., the company behind the open-source data workflow automation platform Prefect, today announced a partnership with Snowflake, the Data Cloud company. Prefect enables Snowflake customers to automatically populate, extract, and analyze data on top of Snowflake more easily and reliably for faster time to insight.

Prefect's dataflow automation platform enables data teams to build, run, and monitor data pipelines so they can develop pipelines faster, reduce failures, and increase confidence in their data.

As part of the partnership, Prefect has enhanced its integration with Snowflake to leverage the latest APIs and offer enterprise authentication functionality for both Prefect 1.0 and Prefect Cloud. Further, there will soon be a dedicated "Collection" of all Snowflake tasks so that data engineers can build and maintain cross-functional Snowflake dataflows more easily.

"Data workflow orchestration is a critical component of the modern data stack. We're excited by Prefect's product, community, and vision in this space," said Tarik Dwiek, Head of Technology Alliances at Snowflake. "As partners, we'll be able to bring our joint solution to even more data organizations to build workflows faster and increase visibility into their data pipelines."

"Prefect's mission is to eliminate negative engineering – the 'defensive' code that engineers write to handle errors," said Jeremiah Lowin, Founder and CEO of Prefect. "Our users love Snowflake because it makes data storage and access so easy and seamless. Together with Prefect, we've seen hundreds of organizations reduce negative engineering and increase impact."

Those companies using Prefect and Snowflake together include Discovery Networks, Pocket, Winc, and tastytrade, Inc. tastytrade and its subsidiary tastyworks, an online brokerage platform with nearly 200,000 trading accounts, uses Prefect to run all of its data operations on top of Snowflake.

"Prefect is the glue of our data stack," said tastytrade's Vice President of Enterprise Data and Analytics, Alex Welch. "Prefect gives us visibility into our critical pipelines that we never had before. And its performance has allowed us to move from daily to continuous updates – enabling more timely and valuable insights."

Prefect and Snowflake will continue to work together to support their evolving platforms, including Prefect's next generation dataflow automation platform, Prefect 2.0.

More information on Prefect and Snowflake can be found at https://www.prefect.io.

ABOUT PREFECT
Prefect is a dataflow automation platform for data engineers to build, automatically run, and monitor complex pipelines at any scale. Prefect is used by organizations of all sizes across the globe, and its open-source code base is supported by thousands of community members. Founded in 2018 by Jeremiah Lowin, Prefect raised its Series B in early 2021. Investors include Bessemer Venture Partners and Tiger Global Management. For more information on Prefect, visit https://www.prefect.io.

MEDIA CONTACT
Edward Lin
Merritt Group
E: [email protected]

SOURCE Prefect Technologies