Snowflake Computing, the cloud data warehousing company, today announced that it has closed $45 million in Series C funding led by global investment firm Altimeter Capital and joined by existing investors Redpoint Ventures, Sutter Hill Ventures and Wing Ventures.
“Data warehousing is ripe for disruptive innovation driven by the shift to cloud computing and the explosion of customer interest in data insights,” said Bob Muglia, CEO of Snowflake. “The overwhelmingly positive market reception to the Snowflake Elastic Data Warehouse has validated our vision of reimagining the data warehouse for the cloud era with a completely new product built from the cloud up that doesn’t require retooling and retraining. This funding will support further innovation made possible by the product’s unique architecture, as well as accelerate our customer and revenue growth.”
