What is Capital One Software and what does it sell?
Capital One Software is the bank's enterprise B2B software business, launched June 1, 2022 to sell data-management tools Capital One first built for its own move to the public cloud. Its first product, Slingshot, helps companies adopt Snowflake, manage costs and automate governance; Capital One said the tools saved it 27% over projected Snowflake costs and cut cost per query 43%. Slingshot gained Databricks features in June 2025, when the Sync Computing team joined, and in June 2026 Capital One announced AI query and table optimization and duplicate-pipeline detection. The second product, Databolt, launched April 17, 2025: tokenization with throughput up to 4 million tokens per second, drawn from a capability that runs more than a hundred billion tokenization operations a month inside Capital One. Databolt added an unstructured-data preview in March 2026 and Databolt Connect on Databricks Marketplace on June 16, 2026. Fast Company ranked Capital One 15th among 2026's most innovative enterprise companies for Databolt. Ravi Raghu, head of the unit since July 2021 per the 2026 proxy statement, has been President, Capital One Software since March 2026. Early Warning Services, the company behind Zelle, is the only customer named. Capital One does not disclose the unit's revenue, customer count or headcount.[1][2][3][4][5][6][7][8][9][10]
Data as of Nov 3, 2026 · Capital One profile updated Nov 2, 2026 · 20 sources cited on this page · 141 banks profiled on this site · Markdown
How has Capital One Software developed since 2021?
Dated moves from Capital One's announcements, its 2026 proxy statement and press coverage. Product claims are Capital One's own.
| Date | Move | Detail |
|---|---|---|
| July 2021 | Ravi Raghu becomes Executive Vice President, Head of Capital One Software | Before that he was Head of Dealer Auto Finance (March 2017 to July 2021)[9] |
| June 1, 2022 | Capital One Software launches with Slingshot | A data management tool for Snowflake customers: adoption, cost alerts, dashboards and automated governance; Capital One cites 27% savings over projected costs and a 43% decrease in cost per query[1][2] |
| June 21, 2022 | Slingshot presented at Snowflake Summit | Patrick Barch, senior director of product management: Capital One opted for Snowflake around 2018; the tools saved about 50,000 hours of manual effort[11] |
| March 2, 2023 | Fast Company Most Innovative Companies | Slingshot recognized in Business Services; Raghu: 'this recognition is truly a testament to our transformation'[12] |
| April 17, 2025 | Databolt launches | Tokenization with throughput up to 4 million tokens per second; sensitive data stays in the customer's environment; Early Warning Services an early user[5] |
| June 10, 2025 | Databricks partnership deepens | Databolt integrates with Unity Catalog; new Slingshot features for Databricks; the Sync Computing team, spun out of MIT, joins[3] |
| March 23, 2026 | Databolt expands at RSAC 2026 | Preview of protection for unstructured data (PDFs, emails, transcripts, office documents); 100% self-hosted deployment; a token analytics dashboard[6][13] |
| March 24, 2026 | Fast Company Most Innovative Companies 2026 | No. 15 in enterprise for Databolt; up to 8 million tokens per second within Snowflake[8] |
| March 2026 | Raghu named President, Capital One Software | His previous title also covered International and Business Cards & Payments (from July 2022)[9] |
| June 1, 2026 | Slingshot AI optimization announced | Context-aware AI query and table optimization, duplicate pipeline detection and Data Explorer; Capital One Software had a booth at Snowflake Summit, June 1-4, 2026[4] |
| June 16, 2026 | Databolt Connect launches at Databricks Data + AI Summit | App on Databricks Marketplace for privacy-preserving linking of sensitive datasets in Databricks Clean Rooms[7][14] |
| June 25, 2026 | Tokenization research with PwC | Capital One Software tested tokenization against masking and clear-text data on AI use cases with PwC Research[15] |
Who leads Capital One Software?
Names and titles as the source gives them on its date. 'Since' is filled only where a source states a start date.
| Name | Role | Since | What the record says |
|---|---|---|---|
| Ravi Raghu | President, Capital One Software | March 2026 (head of the unit since July 2021) | Began in the Credit Card Division over 20 years ago as a business analyst; Forbes (April 2025) says he has served on the executive committee, reporting directly to CEO Rich Fairbank, and quotes him: 'Capital One is the Alpha client'[9][10] |
| Frank G. LaPrade, III | Chief Enterprise Services Officer | 2010 | His Enterprise Services remit includes Technology, Enterprise AI, Enterprise Data and Capital One Software[9] |
| Prashant Prahlad | SVP and Head of Product | Not stated | Announced the Databolt expansion (March 2026) and Databolt Connect (June 2026)[6][7] |
| Jeff Chou | VP, Slingshot Product Management | Not stated | Announced the 2026 Slingshot optimization features[4] |
| Leon Bian | Vice president and head of Databolt product | Not stated | 'We couldn't find a viable solution on the market, so we decided to build our own' (August 2025)[16] |
| Nima Vadiee | MVP, Head of Customer Engineering and Success | Not stated | Capital One has over 4,000 Databricks users running more than 5 million jobs (June 2025)[3] |
| Vincent Goveas | Director of product management | Not stated | Recommends tokenizing data at ingestion, before it enters a data lake or warehouse (June 2026)[15] |
How does Capital One Software make money, and what does it not disclose?
The model is to commercialize what the bank already runs. Raghu told VentureBeat in 2022 that the unit's largest customer is Capital One itself, and told Forbes in 2025 that software is road-tested by teams led by CIO Rob Alexander before it is made 'not bespoke to Capital One, but applicable to any enterprise'. Databolt came out of tokenization Capital One adopted at scale, over 100 billion operations per month, informed in part by its 2019 breach.[17][10]
Early Warning Services, best known for Zelle, is the one customer Capital One and the press name; its head of technology for identity and payments risk said Databolt 'was not only easy to implement, its performance and scalability have exceeded expectations'. Forbes reported that Capital One's existing relationships through Slingshot have also opened doors for Databolt.[5][10]
Not disclosed: revenue, bookings, customer counts, pricing or the unit's headcount. CIO Rob Alexander said at the 2022 launch that winning enterprise software businesses take five to seven years to reach $100 million in revenue. Prashant Prahlad said in a Capital One Software-sponsored segment that Databolt carries patents on its core algorithms; the two Capital One tokenization filings, US12579308B1 (granted March 17, 2026) and US20250258958A1 (published August 14, 2025), do not name the product.[18][13][19][20]
What does the Capital One profile record on this topic?
The rows below are the entries of the Capital One AI strategy profile that bear on this page, as of Nov 2, 2026; the profile holds the full record of 50 dated moves, 13 use cases and 80 sources.
| Use case | What the record shows | Status | Source |
|---|---|---|---|
| Databolt (Capital One Software) | Tokenisation and data-security tooling sold to enterprises for secure AI adoption. | In production | [6] |
| Date | Move | Detail | Source |
|---|---|---|---|
| Jun 16, 2026 | Databolt Connect on Databricks Marketplace | Secure multi-party data sharing in Databricks Clean Rooms. | [14] |
| Mar 23, 2026 | Databolt expands for secure AI adoption | Capital One Software's data-security product adds capabilities for sensitive unstructured data. | [6] |
| Jun 10, 2025 | Databricks partnership deepens; Sync Computing team joins | Databolt integrates with Unity Catalog; 4,000-plus Databricks users and 5 million-plus jobs at the bank. | [3] |
| Jun 1, 2022 | Capital One Software launches with Slingshot | Enterprise B2B software business; first product manages Snowflake cost and governance after 27% in-house savings. | [1][18] |
What is Capital One Software, and how do Slingshot and Databolt fit its B2B data business?
Capital One Software is the enterprise B2B software business Capital One launched on June 1, 2022 to sell tools it built while moving entirely to the public cloud. Slingshot, the first product, manages Snowflake and, since 2025, Databricks costs, performance and governance. Databolt, launched April 17, 2025, tokenizes sensitive data so it can be used for analytics and AI. Databolt Connect (June 2026) extends Databolt to multi-party data sharing on Databricks Marketplace.
What does Capital One Slingshot do?
Slingshot began as the tool Capital One built to provision, govern and control the cost of its own Snowflake estate. Sold since June 2022, it offers cost alerts, recommendations, dashboards and automated governance; Capital One said its tools saved 27% over projected Snowflake costs and cut cost per query 43%. Databricks features followed in June 2025, and in June 2026 Capital One announced context-aware AI query and table optimization and AI-powered duplicate pipeline detection.
What is Capital One Databolt and who uses it?
Databolt replaces sensitive data such as Social Security and account numbers with format-preserving tokens so applications and AI models can use the data without exposing it. It launched April 17, 2025 with throughput up to 4 million tokens per second, integrates with Snowflake and Databricks, and in March 2026 previewed protection for unstructured documents. Early Warning Services, the company behind Zelle, is the only customer Capital One has named.
How much revenue does Capital One Software make?
Capital One does not disclose it, or the unit's customer count, pricing or headcount. At the 2022 launch CIO Rob Alexander said winning enterprise software businesses take five to seven years to reach $100 million in revenue. The unit's public milestones are product launches, partner integrations with Snowflake and Databricks, and recognition such as Fast Company's 2026 most innovative enterprise companies list.
Who runs Capital One Software?
Ravi Raghu, President, Capital One Software since March 2026, who has led the business since July 2021 according to the 2026 proxy statement and previously ran Dealer Auto Finance. It sits within the Enterprise Services remit of Frank LaPrade, Chief Enterprise Services Officer. Product leaders named in 2025-2026 include Prashant Prahlad (SVP and Head of Product), Jeff Chou (Slingshot) and Leon Bian (Databolt).
- Capital One Launches Capital One Software (Slingshot for Snowflake)
- Capital One has a new software business. Its first focus is the cloud.
- Capital One Software strengthens partnership with Databricks
- Capital One Software announces new observability and AI-powered optimization capabilities for Slingshot
- Capital One Software unveils Capital One Databolt
- Capital One Software Expands Databolt Capabilities
- Capital One Software introduces Databolt Connect
- The most innovative enterprise companies of 2026
- Capital One Financial Corporation 2026 Proxy Statement (DEF 14A)
- Capital One's Journey From User To Provider Of Enterprise Tech
- The new Capital One Software biz launches Slingshot platform
- Capital One Named a Fast Company Most Innovative Company
- How Capital One Software is using tokens to turn dark data into a secure AI asset (segment sponsored by Capital One Software)
- Capital One Software Introduces Databolt Connect for Secure Data Collaboration on Databricks Marketplace
- Capital One Software makes the case for AI-ready tokenization
- Why Capital One's software division created its own data security platform (Databolt)
- Capital One Software: The journey from bank to technology company
- Exclusive: Banking Giant Capital One Enters B2B Software Industry With Launch Of New Business
- US12579308B1: Tokenization with format preservation (granted)
- US20250258958A1: Vaultless tokenization (application)
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