Capital One Financial Corp. announced the launch of Capital One Software, a new enterprise B2B software business focused on providing cloud and data management solutions for companies operating in the cloud. Capital One Software's first product is Capital One Slingshot, a data management solution for customers of Snowflake, the Data Cloud company, that is designed to help businesses accelerate adoption of the Snowflake Data Cloud, manage cloud costs, and automate critical governance processes.

Capital One Slingshot is a data management solution for customers of the Snowflake Data Cloud. The solution is designed to help businesses accelerate adoption of Snowflake, manage cloud costs, and automate critical governance processes. With Capital One Slingshot, businesses can streamline their Snowflake provisioning processes, adhere to governance requirements, gain detailed visibility into cost drivers, and optimize future spend.

Slingshot helps businesses: Manage costs through intelligent cost savings recommendations and dashboards to monitor warehouse performance Gain insights and visibility into important changes to Snowflake costs and usage through proactive alerts. Federate warehouse administration to lines of business to remove bottlenecks and scale without exponential cloud spend. Automate governance using custom workflows, dynamic warehouse provisioning, and self-service capabilities.