Security News > 2020 > February > Snowflake raises $479M to strenghten market position

Snowflake, the cloud data platform, announced $479 million in additional growth funding co-led by new investors, Dragoneer Investment Group and Salesforce Ventures.

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 and accelerate its momentum as the leading cloud data platform.

"We look forward to Dragoneer's experience and insights as we continue to serve our customers and grow our business," Snowflake CEO, Frank Slootman said.

Since its general release in mid-2015, Snowflake has earned the trust of more than 3,400 customers and continues to grow rapidly.

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