Snowflake CEO Frank Slootman said in an interview with Crunchbase News that the company wasn’t looking to raise money, as it is “well-capitalized” and hasn’t really dipped into the last round it raised. Connect With Us ; Sales: +1 312 384-4000 ; Global Contacts ; Advertising Opportunities Given Snowflake's soaring valuation over time, we are expecting to see improvements as time passes: Fiscal year ending January 31, 2019: 46.5% Fiscal year ending January 31, 2020: 56.0% It is developed by Snowflake Computing. Mañé then kept Snowflake at his home for four days before transporting him to Bata, where he was purchased by primatologist Jordi Sabater Pi.
... Introduction - A bit of history about snowflake & its differentiation. It reached unicorn status around the time of its $263 million Series E in January 2018. But with the new partnership with Salesforce, it needed to find a way to bring its new partner to the cap table.“We would not have raised a round if it hadn’t been for the partnership,” Slootman said.He wouldn’t give details about what the partnership entails (they’ll share more information during its conference in June), but said the vast majority of Snowflake customers are also Salesforce customers, and the startup has been getting requests to work with Salesforce for years.“At a high level, the partnership is about allowing Salesforce data to very easily, seamlessly, frictionlessly be shared on the Snowflake platform,” he said.There won’t be any real operational changes with the new funding, Slootman said, but some of the equity will be converted to cash. Find out the current valuation for AMZN. This funding round raises Snowflake’s post-money valuation to over $12.4 billion. Trefis is currently used by hundreds of … According to Crunchbase, the company had a pre-money valuation of $1.2 billion at the time. History. So, in the spirit of nostalgia, let’s take a look back at its funding history.Snowflake raised just under $1 million ($900,000 to be exact) in a 2012 seed round, before securing its $5 million Series A led by Sutter Hill Ventures in August 2012. The earliest Snowflake could go public would be July, but that doesn’t mean they will then.“We’re very focused on the content itself, which means the data, and driving high-value data assets onto the platform, which is what we view Salesforce to be,” Slootman said. The Company develops database architecture, data warehouses, query optimization, and parallelization solutions. Snowflake Inc. was founded in 2012 in San Mateo, California by three data warehousing experts: Benoit Dageville, Thierry Cruanes and Marcin Zukowski. The company finished its 2019 fiscal year with 174 percent year-over-year revenue growth.For sure, $479 million is a huge sum to raise, and an impressive valuation–about triple what it was last valued (about $3.9 billion). For more, The new investment provides Recursion with capital to further develop its drug discovery platform and pipeline.The company’s cloud-based CAD software predicts how the teeth will shift so that customized braces can be created.The company’s smart city platforms plug into existing streetlights to provide critical services, including light control, video artificial...Crunchbase News' top picks of the news to stay current in the VC and startup world.Crunchbase is the leading destination for millions of users to discover industry trends, investments, and news about global companies–from startups to the Fortune 1000. “That data is very valuable, not all data is created equal.”Salesforce Ventures is an investor in Crunchbase.
Snowflake was captured in the Río Muni region in Spanish Guinea on 1 October 1966 by ethnic Fang farmer Benito Mañé. History. Its Series B came a little over two years later in October 2014, with $26 million in a round led by Redpoint. Requirements. Snowflake adopts a shared-nothing architecture. Secure data sharing with snowflake & non-snowflake users. Dageville and Cruanes previously worked as data architects at Oracle Corporation; Zukowski was a co-founder of the Dutch start-up Vectorwise.The company's first CEO was Mike Speiser, a venture capitalist at Sutter Hill Ventures. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.Snowflake Inc. provides software solutions. It uses Amazon S3 for its underlying data storage. It has no say in our editorial process.