Snowflake set to raise USD 479 mln during funding round - report

Monday 10 February 2020 | 09:27 CET | News
Update: 10 February 2020 | 15:41 CET
US data warehouse specialist Snowflake raised USD 479 million during its latest funding round, taking its valuation to USD 12.4 billion, from 3.9 billion in October 2018. The news had earlier been reported by Forbes but has now been confirmed by the company. Investment was led by Dragoneer Investment Group, with participation from Salesforce. Existing investors include Altimeter Capital, Iconiq Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures. 

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[10/02/2020 15:41 - Update: adds company statement]

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Categories: Internet / IT
Companies: Salesforce
Countries: United States
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