More than 2,000 customers deploy Snowflake to advance their businesses beyond what was once possible by deriving all the insights from all their data by all their business users. Established in 2015, Funding Societies has grown to be the largest peer-to-peer digital financing platform in Southeast Asia. Securely share tips at https://www.forbes.com/tips/ one of the cloud's fastest-growing private companies. With huge new $450M funding round, Snowflake Computing has now raised almost $1 billion. “We are confident Snowflake’s innovative and evolving technology, and its customer-first approach, will continue to drive sustainable momentum over the long-term.” Snowflake valuation is $12.4 b,. View Snowflake stock / share price, financials, funding rounds, investors and more at Craft. The new funding round more than triples Snowflake's valuation from $3.9 billion in its prior financing in 2018. Snowflake is raising new funding at a valuation of $12.4 billion, multiple sources tell Forbes. I'm a Fortune Magazine and WNYC alum. Salesforce Ventures is building the world's largest ecosystem of enterprise cloud companies and extending that technology to customers. Dragoneer has a history of partnering with management teams growing exceptional companies characterized by sustainable differentiation and superior economic models. The firm’s track record includes public and private investments across industries and geographies, with a particular focus on technology-enabled businesses. Snowflake has raised $1.41 b in total funding. Shortly after publication, a Salesforce spokesperson confirmed the company was participating as a co-lead in the funding round.The funding comes as Snowflake has emerged as one of the fastest-growing businesses in the cloud category, both partnering and competing with leading public players including Amazon, Google and Microsoft.By acting as a virtual data lake, or easily-searchable, in-between layer between cloud providers and a company’s own programs and apps, Snowflake allows a customer to store and make more use of their data interchangeably across the providers, a necessity, and sometimes a strategic imperative, for large or complex enterprises. Let us know.Like what you're reading? Snowflake delivers: Available on all three major clouds, Snowflake supports a wide range of workloads, such as data warehousing, data lakes, and data science. 2 on the 2019 ForbesDragoneer, expected to lead this latest round, is a growth investor in a host of tech unicorns including Compass, Databricks, DoorDash, Gusto, Nubank, Procore, Robinhood and UiPath, according to startup investment tracker PitchBook. Follow me on Twitter at @alexrkonrad and email me at akonrad@forbes.com. Since Snowflake was founded in 2012, it has participated in 9 rounds of funding. Snowflake is a cloud data platform that provides a data warehouse as a service designed for the cloud.Snowflake is a cloud data platform that provides organizations with a single, integrated platform that offers a data warehouse built for the cloud, focusing on instant, secure, governed access to an entire network of data, and is built to enable a variety of data workloads, including a single platform for developing modern data applications. “Snowflake has truly disrupted the data warehouse market but the best is yet to come. Active, ClosedLast funding round type (e.g. Salesforce Ventures, the global investment arm of Salesforce, invests in the next generation of enterprise technology that extends the power of the Salesforce Platform. SaaS, Android, Cloud Computing, Medical Device)Where the organization is headquartered (e.g. Snowflake has raised $1.4 b in total funding across 8 funding rounds for a $1.5 b valuation. The new raise would more than triple Snowflake’s previous valuation of $3.95 billion. “We look forward to Dragoneer’s experience and insights as we continue to serve our customers and grow our business,” Snowflake CEO, Frank Slootman said. Snowflake's last funding round was on Feb 2020 for a total of $479.0M
I edit the Midas List, Midas List Europe, Cloud 100 list and 30 Under 30 for VC. Snowflake’s software also makes it easy for companies to share data with partners and other businesses through virtual operations that keep potentially valuable data from physically leaving the customer’s long-term control.Snowflake has been run by industry veteran Frank Slootman since May 2019, when the former chairman and CEO of ServiceNow, a company he took public, In a race for market share, and much in-demand with investors, Snowflake has raised money aggressively in recent years. Just a few weeks ago, The new funding will allow Snowflake to expand its presence around the world, adding to a new engineering center in Berlin and hiring sales, marketing, and services employees in all major regions. Upgrade to Pro to access the expansive Crunchbase dataset to uncover the companies, people, and news that matters. Snowflake and Dragoneer declined to comment on the funding. Try Snowflake free for 30 days and experience the cloud data platform that helps eliminate the complexity, cost, and constraints inherent with other solutions. Seed, Series A, Private Equity)Tags are labels assigned to organizations, which identify their belonging to a group with that shared labelWhether an Organization is for profit or non-profit It was publicly launched by Bob Muglia in 2014 after two years in stealth mode.. Snowflake offers a cloud-based data storage and analytics service, generally termed "data warehouse-as-a-service". Since its general release in mid-2015, Snowflake has earned the trust of more than 3,400 customers and continues to grow rapidly. In January, after raising $263 million, Snowflake Computing CEO Bob Muglia indicated that the next time his fast-growing cloud data warehousing company tapped the financing markets, it would likely involve an IPO.