Austin, Texas — According to state and local economic development sources Snap Inc. plans to invest $3,000,000.00 to build out 12,153 square feet of new space in Austin. The company plans to occupy the new space at 405 Colorado Street Floor 21 in Austin, on or about June 1, 2023. According to the company website Snap Inc. operates as a camera company in North America, Europe, and internationally. The company offers Snapchat, a camera application with various functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.

To learn more about Snap Inc., visit http://snap.com/

Company Contact:
Evan Spiegel, Chief Executive Officer
espiegel@snap.com
310-399-3339

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