Snowflake Raises $26M, Introduces Cloud-based Elastic Data Warehouse
October 22, 2014
Grazed from Talkin Cloud. Author: CJ Arlotta.
Snowflake Computing is coming out of stealth mode with a big name CEO, new venture capital financing, and a plan to reinvent the data warehouse for the cloud. Redpoint Ventures led the Series B funding round, with participation from Sutter Hill Ventures and Wing Ventures. This round brings the company’s total financing to date to $26 million.
Snowflake said it plans to use the new financing to expand its engineering and sales organization, and scale the company by putting in place the right systems and teams. "We are working closely with partners in the data warehousing space, particularly companies that provide business intelligence and extract-transform load solutions to customers," said Bob Muglia, CEO at Snowflake…
"We are also engaging with systems integrator partners to help customers migrate their data analysis solutions to the cloud…
Read more from the source @ http://talkincloud.com/cloud-computing-funding-and-finance/102114/snowflake-raises-26m-introduces-cloud-based-elastic-data-warehou