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Snowflake valuation triples to $12.4B with massive funding round

Snowflake 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 (NYSE: CRM) as a strategic investor, CEO Frank Slootman told me. It is part of a strategic alliance with Salesforce that we initiated. Read More...

Snowflake valuation triples to $12.4B with massive funding round

Snowflake 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 (NYSE: CRM) as a strategic investor, CEO Frank Slootman told me. It is part of a strategic alliance with Salesforce that we initiated.

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