Snowflake valuation triples to $12.4B with massive funding round

//Snowflake valuation triples to $12.4B with massive funding round

Snowflake valuation triples to $12.4B with massive funding round

Snowflake Inc. whipped up a massive $12.4 billion valuation with a $479 million Series G megafunding round, the company said Friday. San Mateo-based Snowflake, which is still flush with cash from its 2018 round of $450 million, decided to seek another large round because it wanted to attract Salesforce as a strategic investor, CEO Frank Slootman said in an interview. “We were not in need of capital at all,” he said. “This is not a traditional fundraise. It is part of a strategic alliance…

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By | 2020-02-08T03:08:15+00:00 February 8th, 2020|Technology|

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