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Snowflake Closes $450M In Growth Funding To Accelerate U.s. And Global Expansion

by vcaonline.com posted 1week ago 10 views
Enterprises around the world continue to demand Snowflake's innovative, cloud-built data warehouse, prompting the company to nearly double its total funding SAN MATEO, Calif., October 11, 2018-- Snowflake Computing, the only data warehouse built for the cloud, today announced it has closed $450 million in additional growth funding led by Sequoia Capital. The remainder of Snowflake's existing investors also participated: Altimeter Capital, Capital One Growth Ventures, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sutter Hill Ventures and Wing Ventures. New investor Meritech Capital also joined this round, which raises Snowflake's pre-money valuation to $3.5 billion.

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