What is Snowflake?
Snowflake Inc. operates a sophisticated cloud-based data platform designed to serve organizations across the United States and internationally. Its core offering, the Data Cloud, empowers customers to centralize data into a unified source of truth. This consolidation facilitates the generation of critical business insights, the development of data-driven applications, and the seamless sharing of data and data products. The company, formerly known as Snowflake Computing, Inc., has been instrumental in enabling businesses to leverage artificial intelligence (AI) for solving complex business challenges. Incorporated in 2012 and based in Bozeman, Montana, Snowflake has established itself as a leader in data warehousing and analytics solutions.
How much funding has Snowflake raised?
Snowflake has raised a total of $5.1B across 9 funding rounds:
Series A
$5M
Series B
$26M
Series C
$45M
Series D
$100M
Series E
$263M
Series F
$450M
Series G
$479M
Stock Offering
$3.4B
Private Equity
$376.1M
Series A (2012): $5M with participation from Sutter Hill Ventures
Series B (2014): $26M led by Sutter Hill Ventures, wing ventures, and redpoint ventures
Series C (2015): $45M supported by altimeter capital, wing ventures, redpoint ventures, and Sutter Hill Ventures
Series D (2017): $100M featuring Altimeter Capital, Wing Ventures, Redpoint Ventures, Sutter Hill Ventures, Madrona Venture Group, and ICONIQ Capital
Series E (2018): $263M backed by Sutter Hill Ventures, Madrona Venture Group, ICONIQ Capital, Altimeter Capital, Redpoint Ventures, Wing Ventures., and Seqouia Capital
Series F (2018): $450M with participation from Meritech, Sutter Hill Ventures, Madrona Venture Group, ICONIQ Capital, Altimeter Capital, Steamboat Ventures, Redpoint Ventures, Wing Venture Capital, and Capital One Growth Ventures
Series G (2020): $479M led by Dragoneer Investment Group and Salesforce Ventures
Stock Issuance/Offering (2020): $3.4B, investors not publicly disclosed
Private Equity (2026): $376.1M, investors not publicly disclosed
Key Investors in Snowflake
Sutter Hill Ventures
Sutter Hill Ventures is a venture capital firm known for financing technology start-ups and assisting entrepreneurs in building market-leading companies, bringing extensive operating and venture capital experience.
Madrona Venture Group
Madrona Venture Group, established in 1995, is a venture capital firm that invests in consumer internet, commercial software, and services companies.
Altimeter Capital
Altimeter Capital is an investment firm that partners with technology companies from early growth through public markets, focusing on concentrated, long-term portfolios and supporting product and strategy development.
What's next for Snowflake?
The significant enterprise-level capital infusion, including the recent major strategic investment, positions Snowflake for accelerated expansion and innovation. This substantial backing is expected to fuel further development of its Data Cloud capabilities, potentially leading to advancements in AI integration and data governance solutions. The company is likely to focus on deepening its market penetration in key enterprise sectors and exploring new avenues for data collaboration and monetization. Strategic partnerships and acquisitions may also be on the horizon as Snowflake solidifies its position as a dominant force in the data management landscape.
See full Snowflake company page
