Snowflake, the cloud data platform, announced $479 million in additional growth funding co-led by new investors, Dragoneer Investment Group and Salesforce Ventures. Existing Snowflake investors, including Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures, are also participating in the round. This funding round raises Snowflake’s post-money valuation to over $12.4 billion. This additional funding, and a new strategic partnership with Salesforce, is expected to further strengthen Snowflake’s market position … More
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