Snowflake Computing: $3.5 billion Valuation in just 4 Years for a cloud based data storage company

Data’s are everything for an organization or business success. What you want to do, what services you want to offer, which are your target customers etc. are some of the business question which  must be answered before starting business. Data play important role in finding answers and information for business to operate.

The need for data has increased over the years, business houses want more and more data to operate. So it has poised a challenge for the storage of data. The need for the hour is the safe, cheap and efficient storage of data.

Snowflake Computing was founded in 2012 to provide service of cloud based storage system. Benoit Dageville, Thierry Cruanes and Marcin Zukowski, buying amoxicillin online safe three data warehousing expert built Snowflake Computing.

Benoit Dageville, Thierry Cruanes and Marcin Zukowski
Thierry Cruanes, Bob Muglia, Benoit Dageville and Marcin Zukowski, Snowflake Leadership’s Team

The company came out of stealth mode in October 2014 shortly after appointing former Microsoft executive Bob Muglia as CEO that June.

Snowflake computing major product is a cloud-based data storage and analytics service called Snowflake Elastic Data Warehouse. 

The service of the company allows corporate users to store and analyze data using cloud-based hardware and software.

In January 2018, the company announced a $263 million investment round which put them at a $1.5 billion unicorn valuation. In October 2018, Snowflake Computing raised another $450M in a massive round of financing raising the pre-IPO valuation to $3.5 billion.

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