Snowflake is an analytic data warehouse provided as software-as-a-service (SaaS). It uses a unique architecture designed for the cloud, with a shared-disk database and shared-nothing architecture. Snowflake's architecture consists of three layers - the database layer, query processing layer, and cloud services layer - which are deployed and managed entirely on cloud platforms like AWS and Azure. Snowflake offers different editions like Standard, Premier, Enterprise, and Enterprise for Sensitive Data that provide additional features, support, and security capabilities.