0
IT

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. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?


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


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet / IT
Companies: Salesforce
Countries: United States
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Snowflake now available on Google Cloud

Published 18 Feb 2020 15:59 CET | World
US data warehouse specialist Snowflake, said its platform is now available on Google Cloud, bringing together Snowflake's ...

Snowflake opens subsidiary in Switzerland

Published 15 Mar 2019 10:36 CET | Switzerland
Snowflake Computing, the US data warehouse specialist based in San Mateo, California, has announced that in FY 2019, it wants to ...

Snowflake partners with Skyfillers to start managed cloud services through new brand Corolis

Published 07 Sep 2018 12:06 CET | Switzerland
Swiss operator Snowflake has formed a partnership with German company Skyfillers to launch the new brand Corolis, through which ...