Dark Mode Light Mode

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use

Data Platform Snowflake Raises US$479 Million

Cloud data platform Snowflake raised US$479 million in additional growth funding co-led by new investors, Dragoneer Investment Group and Salesforce Ventures.

Existing Snowflake investors, including Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures, are also participating in the round.

This funding round raises Snowflake’s post-money valuation to over US$12.4 billion. This additional funding, and a new strategic partnership with Salesforce, is expected to further strengthen Snowflake’s market position and accelerate its momentum as the leading cloud data platform.

Advertisement

“Snowflake’s rapid growth and ability to unlock real value for customers have been impressive,” said Marc Stad, founder and managing partner of Dragoneer.

“We are confident Snowflake’s innovative and evolving technology, and its customer-first approach, will continue to drive sustainable momentum over the long-term.”

“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.

“We also welcome our partnership with Salesforce and look forward to the positive impact our technologies and services will deliver to our customers and the broader market.”

Details of the partnership with Salesforce will be announced at Snowflake’s annual user conference, Snowflake Summit, The conference takes place at the Aria Resort in Las Vegas, from June 1-4, 2020.

Some of Snowflake’s most recent customers include Accor, Brex, CONA Services, ConAgra Foods, Domino’s Pizza Enterprises Limited, JetBlue, and Nationwide.

Author

Keep Up to Date with the Most Important News

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Add a comment Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

Dun & Bradstreet Announces New Analytics Studio

Next Post

Lift & Co. Releases Version 2 of Cohesion

Advertisement

Subscribe to Customerland

Customer Enlightenment Delivered Directly to You.

    Get the latest insights, tips, and technologies to help you build and protect your customer estate.