Snowflake Computing raises $100 million to expand cloud data warehouse footprintApril 6, 2017
Grazed from ZDNet. Author: Editorial Staff.
Snowflake Computing, a cloud data warehouse vendor, has closed a $100 million funding round as it aims to expand internationally. The company, built on Amazon Web Services, was founded in 2012 and has raised $205 million so far. The funding round was led by ICONIQ Capital and Madrona Venture Group and included its initial venture partners. Snowflake said it will build out its engineering team as it aims to take more on-premise data warehouse workloads. CEO Bob Muglia, a former Microsoft exec, said the funding will help Snowflake scale. I caught up with Muglia to talk shop. Among the key themes:
Building on Amazon Web Services. Snowflake’s cloud data warehouse service is built on AWS, which also competes via Redshift and other offerings. "AWS has treated us well. We compete with them obviously, but they are great partners," said Muglia. Translation: Netflix is built on AWS and competes with Amazon. Snowflake is a data warehouse spin on that theme…
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