Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

SnowFlake Scoops Up $26M to Carve Out Niche in Data Warehousing Tech

byadmin
November 6, 2014
in Uncategorized

Snowflake Computing, a cloud data warehousing startup that’s coming out of stealth mode with intentions to disrupt the data warehousing market, has secured $26 million in Series B funding from prominent venture capital firms Redpoint Ventures, Sutter Hill Ventures and Wing Ventures, to do just that.

The total investment has now reached about $50 million since their seed and Series A funding. John Walecka, founding partner of Redpoint Ventures will join the SnowFlake board. Team expansion to accelerate product development and customer and partner ecosystems creation remain on the cards.

“There has been shockingly little innovation in data warehousing in a decade. That creates a huge and largely unaddressed market opportunity—to create a data warehouse designed for the data, analytics, and technology innovations of today and tomorrow,” explains Bob Muglia, former Microsoft executive and CEO of Snowflake.

“The venture capital we’ve attracted underscores that investors see the same opportunity, and demonstrates their confidence in the work done over the last two years by Snowflake’s world-class team. This funding will further accelerate our product innovation and support our go-to-market strategy and investments,” he added.

On Tuesday, the company also announced the Snowflake Elastic Data Warehouse, a completely new data warehouse built from the ground up as a cloud service. With an innovative architecture uniquely able to bring together all users, all data and all workloads in a single SQL data warehouse, Snowflake’s patent-pending new architecture delivers the power of SQL data warehousing, the flexibility of big data platforms and the elasticity of the cloud—at a 90 percent lower cost than on-premises data warehouses, reports their news release.

Although its cloud based database uses AWS at its core, the startup intends to add more compatibility with Microsoft’s Azure and the Google Cloud, which Muglia said he expects to see growing more within the next two years, GigaOm reports.

Current customers of the San Mateo, California-based firm include Adobe, CondeNast and White Ops.

Read more here

Follow @DataconomyMedia

(Image Credit: Bob Jagendorf)

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.

Tags: AdobeawsGoogle Cloudmicrosoft azuresurveillance

Related Posts

Forget seeing dark matter, it’s time to listen for it

Forget seeing dark matter, it’s time to listen for it

October 28, 2025
183M Gmail passwords exposed via infostealer malware

183M Gmail passwords exposed via infostealer malware

October 28, 2025
Google’s AI health coach debuts for Android Fitbit users

Google’s AI health coach debuts for Android Fitbit users

October 28, 2025
AMD and US Energy Department launch B supercomputer project

AMD and US Energy Department launch $1B supercomputer project

October 28, 2025
Grokipedia’s “AI-verified” pages show little change from Wikipedia

Grokipedia’s “AI-verified” pages show little change from Wikipedia

October 28, 2025
OpenAI data reveals 0.15% of ChatGPT users express suicidal thoughts

OpenAI data reveals 0.15% of ChatGPT users express suicidal thoughts

October 28, 2025
Please login to join discussion

LATEST NEWS

183M Gmail passwords exposed via infostealer malware

Google’s AI health coach debuts for Android Fitbit users

Grokipedia’s “AI-verified” pages show little change from Wikipedia

OpenAI data reveals 0.15% of ChatGPT users express suicidal thoughts

OpenAI makes ChatGPT Go free across India

Goodbye: Pixel Watch gets its final update

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.