Snowflake Computing is a company providing a cloud-based data warehouse as a service that is headquartered in San Mateo, California and was founded in 2012 by Benoit Dageville, Marcin Zukowski, and Thierry Cruanes.
The Snowflake Computing platform offers users a data warehouse, augmented data lakes, analytics, integrated data engineering, secure data exchange, agile data application development, and advanced data science. Notable customers of Snowflake Computing include: Looker, Capital One, Overstock, Lionsgate, 2K Games, Kiva, HubSpot, Akamai, Deliveroo, EA, Instacart, Adbobe, Penguin Random House, and Doordash.
On February 1, 2012 Snowflake Computing announced raising $900,000 in seed funding from undisclosed investors.
On August 1, 2012 Snowflake Computing announced raising $5 million in series A funding from Sutter Hill Ventures.
On October 21, 2014 Snowflake Computing announced raising $26 million in series B funding from Redpoint (lead investor), Sutter Hill Ventures, and Redpoint. After announcing their series B funding round Snowflake Computing announced the release of their first cloud-based service called The Snowflake Elastic Warehouse, which the company says is a Data Warehouse as a Service.
On June 23, 2015 Snowflake Computing announced raising $79 million in series C funding from Altimeter Capital (lead investor), Sutter Hill Ventures, Redpoint, and Wing Venture Capital. The company plans on using their series C funding to focus on expanding its sales team in the United States.
On September 6 2017 Snowflake Computing announced raising $105 million in funding from ICONIQ Capital (lead investor), Wing Venture Capital, Sutter Hill Ventures, Redpoint, Madrona Venture Group, Capital One, and Altimeter Capital. The company plans on using their series D funding to expand its engineering team to be able to handle more in-house data warehousing workloads and further scale the company.
On January 25, 2018 Snowflake Computing announced raising $263 million in series E funding from Sequoia Capital, ICONIQ Capital, Altimeter Capital, and Human Capital. After raising their series E funding round the CEO of Snowflake Computing, Bob Muglia, made the following statement regarding the companies future plans:
We have put ourselves on the path to IPO. That’s our mid- to long-term plan. This funding allows us to go directly to IPO and gives us sufficient capital, that if we choose, IPO would be our next funding step.
On October 11, 2018 Snowflake Computing announced raising $450 million in series F funding from Sequoia Capital (lead investor), Wing Venture Capital, Sutter Hill Ventures, Redpoint, Meritech Capital Partners, Madrona Venture Group, Capital Onne Growth Ventures, and Altimeter Capital. Before receiving their series F funding Snowflake Computing had a pre-money evaluation of $3.5 billion and raised a total of $923 million. The company plans on using their series F funding to expand its multi-cloud strategy, hire more employees, and deliver their data sharing platform called The Data Sharehouse.
Snowflake Computing, a big data startup whose CEO Bob Muglia was a former Microsoft executive, plans to announce on Tuesday that it's coming out of...
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