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Snowflake closes USD100m Series D funding

Snowflake Computing, a data warehouse built for the cloud, has closed USD100 million in growth funding led by ICONIQ Capital and accompanied by Madrona Venture Group.

Snowflake's Series D round also includes all of Snowflake's existing funding partners: Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures and Wing Ventures.
 
Since its founding in 2012, Snowflake has raised a total of USD205 million in funding.
 
The funding will help Snowflake execute new and existing strategies, including: expanding current operations across the US and UK, and establishing Snowflake operations across other EU nations and Asia Pacific; growing Snowflake's engineering team, with a special focus on Snowflake's newest engineering office in Bellevue, Washington; and continuing to deliver new innovations.
 
"We received an enormous amount of interest from the venture capital community for our Series D round, and we're ecstatic to have ICONIQ and Madrona help advance Snowflake's continued success," says Snowflake CEO, Bob Muglia. "The additional funding will help us serve organisations of all sizes and across all industries, with the best platform to enable the data requirements for modern business. We'll continue to advance our industry-leading technology to serve our current and future customers."
 
Matt Jacobson, general partner at ICONIQ Capital, says: "Everything that makes a company great now centres on data: the speed to assemble and organise data, and the ability to extract value and insight from that data. Snowflake has perfectly positioned itself at the core of the data revolution."

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