Snowflake Computing Secures $26,000,000 New Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3f28a02b-7d80-4a8b-97a5-c82a22e277e6
Date
10/22/2014
Company Name
Snowflake Computing
Mailing Address
107 S. B Street San Mateo, CA 94401 USA
Company Description
The Snowflake elastic data warehouse is a service designed from the ground up for the cloud. It combines cloud infrastructure with dynamic technology to eliminate the pains of administering and optimizing the data warehouse. Manually managing and installing hardware, configuring and updating software, managing data layout, maintaining indexes, and tuning the system are things of the past. Focus on analyzing data, not on infrastructure.
Website
http://www.snowflake.net
Transaction Type
Venture Equity
Transaction Amount
$26,000,000
Transaction Round
Undisclosed
Proceeds Purposes
The funding will be used to expand its team to accelerate product development, build out customer and partner ecosystems, and deliver on the vision to reinvent the data warehouse for the cloud.
M&A Terms
Venture Investor
Venture Investor
Venture Investor