The money just keeps rolling in for Snowflake Computing. The San Mateo-based data warehousing provider has announced $450 million (£341m) in additional growth funding to help grow its organisation and explore new strategies.
Snowflake offers a comprehensive and complete data warehouse – in other words, repositories of integrated data from at least one source, usually more – in the cloud, with the capability to upload and analyse data to offer business intelligence capabilities. The company’s secret sauce is in its patented architecture, which offers benefits such as near-linear scale-out.
Funding for this round was led by Sequoia Capital – whose other investments …read more
Source:: Cloud Computing News