Snowflake Computing Raises $26M in Funding
Summary
Snowflake Computing, a San Mateo, CA-based cloud data warehousing startup, said it raised a total of $26m in funding.In conjunction with the funding, John Walecka, founding partner of Redpoint Ventures whose past investments include data innovators such as Sybase, Documentum and Datameer, joined Snowflake’s board of directors.The company intends to use the funds to expand its team to accelerate product development and build out customer and partner ecosystems.They have quietly assembled a world-class team of top database talent and put that brain trust to work building a transformational data warehouse product,” said Mike Speiser, managing director of Sutter Hill Ventures.It’s a winning offering for customers and investors, and definitely a company to watch.” “The market opportunity for Snowflake to reinvent the SQL data warehouse for the cloud is enormous and transformative,” said John Walecka, founding partner of Redpoint Ventures.
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