InsightsSuccess
Subscribe Now!
Get A Chance To Feature In Magazine By Submitting Your Interview Today!
No Result
View All Result
InsightsSuccess
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Blog
  • Conferences
No Result
View All Result
InsightsSuccess
No Result
View All Result

Cloud-based Data Warehouse Firm Raises $479 Million; Snowflake

Cloud-Based Data

California-based Snowflake, the cloud-based data warehouse company has raised a huge round worth of $479 million on a valuation of $12.4 billion. This new round of funding has been led by Dragoneer Investment Group with the participation of a new investor Salesforce Ventures.
Snowflake’s existing investors have also contributed in the new funding round. The list includes Madrona Venture Group, ICONIQ Capital, Sequoia, Altimeter Capital, Sutter Hill Ventures and Redpoint Ventures.
According to Snowflake, it has raised a total of more than $1.4 billion till date including the newly raised capital and the new valuation is triple of the previous $3.9 billion which had been noted in October 2018.
Frank Slootman, the CEO of Snowflake said in an announcement that the next finance event of the company will be likely an IPO. About the IPO part of the company, the CEO only replied that it will be the next logical step, and refused to disclose any other detail.
Frank stated, “I think the earliest that we could actually pull that trigger is probably early- to mid-summer timeframe. But whether we do that or not is a totally different question because we’re not in a hurry, and we’re not getting pressure from investors.” By excepting that once the company go public, employees would be allowed to get their equity out of the company, he further included  “The only reason that there’s always a sense of pressure around this is because it’s important for employees, and I’m not minimizing that at all. That’s a legitimate thing. So, you know, it’s certainly a possibility in 2020 but it’s also a possibility the year thereafter. I don’t see it happening any later than that.”
According to Frank, the company has added 500 new customers in the last quarter alone, including which the company is currently serving 3,400 active users who have actively used the platform in last month.

Previous Post

US Government Announces to Increase the Budget of Renowned Space Administration; NASA

Next Post

Renowned Media Services Provider – Spotify, Acquires Sports and Pop Culture Website Firm

Next Post
Renowned Media Services

Renowned Media Services Provider – Spotify, Acquires Sports and Pop Culture Website Firm

Recent News

Northvolt, the VW and Goldman backed Battery maker Lands $1.1 Billion Funding
Recent News

Northvolt, the VW and Goldman backed Battery maker Lands $1.1 Billion Funding

Northvolt, a manufacturer of batteries for electric vehicles, has raised $1.1 billion in new funding from a variety of sources,...

Read more
“Minions: The Rise of Gru” Notches up $108 Million in Ticket Sales

“Minions: The Rise of Gru” Notches up $108 Million in Ticket Sales

Samsung Cloud Gaming Hub Features Xbox, Twitch, and many more Exciting Apps

Samsung Cloud Gaming Hub Features Xbox, Twitch, and many more Exciting Apps

Hyundai-Ioniq-6

Hyundai Unveils Design for Ioniq 6

Google-Earth-visual

Google Earth Observation Data Now Available Free for Companies and Governments

Path Breakers

Golden Helix: Providing Leading Genomic Data Analysis Software

Golden Helix: Providing Leading Genomic Data Analysis Software

Hubstaff

Hubstaff: Time and Workforce Management at Your Fingertips Virtually

Evonence LLC – Expert Google Workspace Partner Across North America

Evonence LLC – Expert Google Workspace Partner Across North America

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Booster Box – A Passionate International Performance Marketing Agency for PPC Advertising Campaigns

Gary Olson, CEO, GHO Group LLC

GHO Group LLC: Bringing Vision to Reality

Insights Success is an archway that caters to Entrepreneurs’ quench of technology and business updates which are currently ruling the business world.
We are ceaselessly proving the best platform for leading companies, which aids indefinite progress while creating meaningful learning experiences for the visitors and invaluable brand awareness for the clients.

  • About Us
  • Advertise With Us
  • General Disclaimer
  • Terms & Condition
  • Privacy Policy
  • Subscribe
  • Contact Us

© Copyright 2022, InsightsSuccess | All Rights Reserved.

No Result
View All Result
  • Home
  • Industry Insider
  • Magazine
  • Franchises
  • Women In Business
  • Blog
  • Conferences
  • IT & Innovations
  • Leadership
  • Healthcare
  • Money
  • Startups

© Copyright 2022, InsightsSuccess | All Rights Reserved.