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After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step – TechCrunch
Snowflake, the cloud-based data warehouse company, doesn’t tend to do small rounds.
That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance event is likely an IPO.
Existing Snowflake investors Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures also participated.
“At a high level, the relationship is really about allowing Salesforce data to be easily accessed inside Snowflake.
The company has 3400 active customers, which he defines as customers who were actively using the platform in the last month. | To read full story, visit https://startuparound.com/read/1581276712.208601/After-$479M-round-on-$12.4B-valuation,-Snowflake-CEO-says-IPO-is-next-step-–-TechCrunch?ref=audio_experience
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By Startup AroundSnowflake, the cloud-based data warehouse company, doesn’t tend to do small rounds.
That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance event is likely an IPO.
Existing Snowflake investors Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures also participated.
“At a high level, the relationship is really about allowing Salesforce data to be easily accessed inside Snowflake.
The company has 3400 active customers, which he defines as customers who were actively using the platform in the last month. | To read full story, visit https://startuparound.com/read/1581276712.208601/After-$479M-round-on-$12.4B-valuation,-Snowflake-CEO-says-IPO-is-next-step-–-TechCrunch?ref=audio_experience