Snowflake Raises $450M in Series G
Snowflake has successfully raised $450M in a Series G at a $70B valuation led by Sutter Hill Ventures, Redpoint Ventures, ICONIQ Capital, Sequoia Capital, Altimeter Capital, Dragoneer.
Company Overview
Snowflake is a Data/Analytics company headquartered in 106 East Babcock Street, Bozeman, MT 59715, founded in 2012 with 6500+ employees.
Cloud data platform
Fundraising Details
- Amount Raised: $450M
- Round Type: Series G
- Valuation: $70B
- Date: 2024-07-31
- Investors: Sutter Hill Ventures, Redpoint Ventures, ICONIQ Capital, Sequoia Capital, Altimeter Capital, Dragoneer
About Snowflake
Cloud data platform The company is positioned in the Data/Analytics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 106 East Babcock Street, Bozeman, MT 59715
- Founded: 2012
- Team Size: 6500+
- Industry: Data/Analytics
What This Means
This funding round demonstrates strong investor confidence in Snowflake's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Data/Analytics sector continues to attract significant investment as companies innovate to meet evolving market demands. Snowflake's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $70B valuation marks an important milestone for Snowflake, positioning the company among notable players in the Data/Analytics industry.
Looking Ahead
With this new capital, Snowflake is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data/Analytics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-07-31. For more information about Snowflake, visit their headquarters at 106 East Babcock Street, Bozeman, MT 59715.
