Startup World

Snowflake, the cloud-based data warehouse company, doesnt tend to do small rounds.
On Friday night word leaked out about its latest mega round.
This one was for $479 million on a $12.4 billion valuation.
Thats triple the companys previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the companys next finance event is likely an IPO.Dragoneer Investment Group led the round along with new investor Salesforce Ventures.
Existing Snowflake investors Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures also participated.
The new round brings the total raised to over $1.4 billion, according to PitchBook data.All of this investment begs the question when this company goes public.
As you might expect, Slootman is keeping his cards close to the vest, but he acknowledges that is the next logical step for his organization, even if he is not feeling pressure to make that move right now.I think the earliest that we could actually pull that trigger is probably early- to mid-summer timeframe.
But whether we do that or not is a totally different question because were not in a hurry, and were not getting pressure from investors, he said.He grants that the pressure is about allowing employees to get their equity out of the company, which can only happen once the company goes public.
The only reason that theres always a sense of pressure around this is because its important for employees, and Im not minimizing that at all.
Thats a legitimate thing.
So, you know, its certainly a possibility in 2020 but its also a possibility the year thereafter.
I dont see it happening any later than that, he said.The companys most recent round prior to this was $450 million in October 2018.
Slootman says that he absolutely didnt need the money, but the capital was there, and the chance to forge a relationship with Salesforce also was key in their thinking in taking this funding.At a high level, the relationship is really about allowing Salesforce data to be easily accessed inside Snowflake.
Not that its impossible to do that today because there are lots of tools that will help you do that, but this relationship is about making that seamless and frictionless, which we find is really important, Slootman said.Snowflake now has relationships with AWS, Microsoft Azure and Google Cloud Platform, and has a broad content strategy to have as much quality data (like Salesforce) on the platform.
Slootman says that this helps induce a network effect, while helping move data easily between major cloud platforms, a big concern as more companies adopt a multiple cloud vendor strategy.One of the key distinguishing architectural aspects of Snowflake is that once youre on our platform, its extremely easy to exchange data with other Snowflake users.
Thats one of the key architectural underpinnings.
So content strategy induces network effect which in turn causes more people, more data to land on the platform, and that serves our business model, he said.Slootman says investors want to be part of his company because its solving some real data interchange pain points in the cloud market, and the companys growth shows that in spite of its size, that continues to attract new customers at high rate.We just closed off our previous fiscal year which ended last Friday, and our revenue grew at 174%.
For the scale that we are, this by far the fastest growing company out thereSo, thats not your average asset, he said.The company has 3400 active customers, which he defines as customers who were actively using the platform in the last month.
He says that they have added 500 new customers alone in the last quarter.





Unlimited Portal Access + Monthly Magazine - 12 issues


Contribute US to Start Broadcasting - It's Voluntary!


ADVERTISE


Merchandise (Peace Series)

 


Insta360 drops significant summer upgrades for the X5 cam


More VMware cloud partners axed as Broadcom releases new invite-only program


2026 Mercedes-Benz CLA feels like a genuine cars and truck, not a science experiment


Google finds customized backdoor being installed on SonicWall network devices


Steam punish some sex games to appease payment processors


Permit for xAI's data center blatantly breaches Clean Air Act, NAACP states


Linda Hamilton rocks Stranger Things' S5 extended teaser


Introducing the Ars Technica Posting Guidelines version 3.0


Trump sues Corporation for Public Broadcasting directors who declined to be fired


Amazon's ride on the rocket merry-go-round continues with SpaceX launch


YouTuber faces jail time for revealing off Android-based gaming handhelds


Mac graphics settings for Cyberpunk 2077 aim for console-like simplicity


Stellantis abandons hydrogen fuel cell development


Rough roadway to energy dominance after GOP kneecaps wind and solar


Donkey Kong Bananza is a worthy follower to Super Mario Odyssey's tradition


There could be “dark main sequence” stars at the galactic center


Hackers make use of a blind spot by hiding malware inside DNS records


The ISS is nearing retirement, so why is NASA still gung-ho about StarlinerOne downside of


Airplane Teams with Kratos to Supply to German Air Force


DARPA Axes Giant Liberty Lifter Wing-In-Ground Effect Seaplane


EuroUSC Italia Rebrands as Unifly Consulting


New Algorithm for Vehicle Detection in Drone Aerial Views


1,500 Drone Light Show at Chongqing Low-Altitude Economy Expo


Three new DJI drones just dropped-- but not for you


Intuitive demos 4,000-mile telesurgery with da Vinci 5 surgical robot


After Intel exit, RealSense maps its own future in 3D vision


Unveiling the Tree of Robots: A new taxonomy for understanding robotic diversity


Diligent Robotics completes 300,000 drug store shipments with Moxi


Scale AI lays off 14% of staff, largely in data-labeling business


Ex-Waymo engineers launch Bedrock Robotics with $80M to automate construction


Transit software startup Via confidentially files for an IPO


Rex Salisbury’s Cambrian Ventures raises new fund, bucking fintech slowdown


Hugging Face bets on charming robots to bring open source AI to life


Medieval preacher invoked chivalric hero as a meme in preaching


Large research study squashes anti-vaccine talking points about aluminum


Congress moves to reject bulk of White House’s proposed NASA cuts


Seagate's enormous, 30TB, $600 hard disks are now readily available for anybody to buy


Chinese companies hurry for Nvidia chips as US prepares to raise ban


Corporate insufficiency has actually rendered my preferred discovered device ineffective


From the healthcare facility to the automobile plant: What is GM making with CT scanners


Grok's MechaHitler disaster didn't stop xAI from winning $200M military deal


GOP's pro-industry crypto bills might economically mess up millions, lawmaker alerts


'Not that into peace doves': The Apollo-Soyuz spot NASA rejected


BYD has caught up with Tesla in the global EV race. Here's how.


We saw the heart of Pluto 10 years earlier-- it'll be a long haul to see the rest


Pebblebee tracker’s new SOS alert reminds us that updates can be good for gadgets


Merger of 2 huge black holes is one for the record books


Reddit's UK users must now prove they're 18 to view adult material


Study finds AI tools made open source software designers 19 percent slower


Nvidia chips become the very first GPUs to fall to Rowhammer bit-flip attacks


Cosmetic surgeon off the hook for supposed COVID fraud, injecting kids with saline


Why Gov. Greg Abbott won't release his e-mails with Elon Musk


Office issues on Windows 10 Microsoft's response will soon be upgrade to 11.


ZenaTech Creates First Quantum Computing Prototype Enabling Disruptive AI Drone Speed and Precision


German AI Strike Drones Maker Stark Acquires Berlin AI Startup


Super Quiet Special Operations Drones Being Modified to Launch Smaller Drones


Accompanying Drone Swarm Formation


Wingtra Launches WingtraRAY


UAV Navigation-Grupo Oesía Provides the Flight Control System for French Fire-Fighting Missions


UK Royal Navy Tests Malloy Drone for Maritime Logistics on HMS Prince of Wales Aircraft Carrier


Vodafone and Manna Test Drone Home Delivery


Ukraine Captures Russian Troops Using Only Drones and Robots


Department of Homeland Security Issues Drone as First Responder (DFR) Systems Tech Note


Joby Aviation to double eVTOL production across two states, leveraging Toyota's proficiency


United States releases national security probe into DJI, Autel drones


Republicans demand urgent review of DJI, Autel drones [Updated]


DJI’s next product launch is all about digital worlds


SS Innovations exceeds 100 surgical robot implementations


maxon Group obtains minority stake in Synapticon


Inside Advanced Navigation's coral loss discovery in the world's southernmost reefs


XTEND secures extension to Series B to scale self-governing tactical robots


Zimmer Biomet to acquire Monogram Technologies for $177M


Liquid AI releases on-device foundation model LFM2


Global industrial robot market contracted 5.8% last year, reports Interact Analysis


MOTOR Ai gets seed funding towards explainable self-driving software application


A former OpenAI engineer describes what it’s really like to work there


Rwazi raises $12M Series A to assist companies with consumer insights and intelligence


China’s Geely is officially bringing its luxury EV startup Zeekr private


Auriga Space raises $6M to shoot rockets off an electromagnetic launch track


A Technology NewsRoom All Stage introduces in Boston today-- do not miss what founders are discovering


As the internet browser wars heat up, here are the most popular alternatives to Chrome and Safari in 2025


Rainmaker partners with Atmo to squeeze more rain from clouds


The votes remain in: A Technology NewsRoom Disrupt 2025 Audience Choice winners exposed for roundtables and breakouts


Tomorrow: A Technology NewsRoom All Stage launches in Boston — and ticket prices rise


Species at 30 makes for a great guilty pleasure


A new Martian climate model suggest a mostly cold, harsh environment


Pharm Robotics advances automated dairy cow healthcare


Meta acquires voice startup Play AI


The countdown’s almost over: 2 days until A Technology NewsRoom All Stage 2025 kicks off in Boston


5 huge EV takeaways from Trump's One Big Beautiful Bill


AI therapy bots fuel delusions and provide harmful recommendations, Stanford study discovers


Male's heart stopped after typical bacterium triggered ultra-rare infection


New Windows 11 build adds self-healing “quick machine recovery” feature


Belkin shows tech firms getting too comfortable with bricking customers’ stuff


Evaluation: Stellar cast makes Superman shine bright


Trump's DOJ appears irritated about having to authorize T-Mobile's most current merger


A mess of its own making: Google nerfs second Pixel phone battery this year


RFK Jr. may be about to destroy preventive health panel, health groups fear


Lamborghini follows effective racing Huracan with new Temerario GT3


Rocket Report: SpaceX to make its own propellant; China's largest launch pad


In the Southwest, photovoltaic panels can help both photovoltaics and crops


It’s hunting season in orbit as Russia’s killer satellites mystify skywatchers


It's a heist : Senator calls out Texas for trying to steal shuttle from Smithsonian


Lady takes 10x dose of turmeric, gets hospitalized for liver damage


Almost everyone opposes Trump's strategy to eliminate area traffic control program


Pro basketball gamer and 4 youths jailed in connection to ransomware crimes


Police officers' preferred AI tool immediately erases proof of when AI was utilized


T-Mobile follows orders from Trump FCC, ends DEI to get 2 mergers approved


Life after two-stroke: Rotax energizes its bike and kart powertrains


Shield AI V-BAT Selected by Netherlands Ministry of Defence for Navy and Marine Corps


DARPA Picks Bell Textron for New Runway-Less Drone X-Plane


TEKEVER to Build New Centre of Excellence in France


Turkey's Baykar Kemankeş-1 Loitering Munition Adds Air-to-Air Strike Role


Bio-Hybrid Drone Uses Silkworm Moth Antennae to Navigate Using Smell


The Plane With the Most Dangerous Wing in the World


A-10 Warthog Already Has Capability to Use Laser-Guided Rockets to Down Drones


New Ukrainian Jammer Blasts Radio Noise in a Powerful Stream to Deflect Russia's 'Miracle' Glide-Bombs


NTT Demonstrates World’s First Successful Lightning Triggering and Guidance Using a Drone


Estonia’s Marduk Participates in Swedish C-UAS Demonstration


New FAA leader faces big drone decisions ahead


This DJI Mini 3 drone offer simply got even less expensive


WingtraRAY: New study drone ends waiver delays and rework


DJI Mavic 3 Pro utilized in Cape Canaveral drone spying case


Is this drone tracker a threat to your safety


DJI releases Power 1000 V2, but not for United States buyers


Why DJI Neo is the very best pocket drone deal this Prime Day


HoverAir X1 drone gets enormous 33% Prime Day discount


DJI's biggest Prime Day sale ever: From $159 drones to $319 power stations


Save 15% on dual-camera DJI Air?3 drone this Prime Day


Prime Day: Save $90 on DJI Mini 4K Fly More Combo


Get a DJI drone for $159-- yes, truly


Apera AI updates Apera Forge design and AI training studio


BlackBerry QNX is positive on robotic surgical treatment however states autonomy isn't here yet


Patterns in supply chain robotics with John Santagate of infios


Kraken Robotics nets $115M for marine systems in public offering


TRI: pretrained large behavior models accelerate robot learning


Hugging Face launches Reachy Mini robot as embodied AI platform


Diligent Robotics hires 2 former Cruise execs to scale Moxi


Connect Analysis slashes its mobile robotic outlook amid tariff uncertainty


Outrider styles security system for autonomous yard trucks


GFT Technologies and NEURA Robotics partner to build software for physical AI


Nimble moves to cloud-based PTC development tools for logistics robots


Johns Hopkins teaches robotic to carry out a gallbladder elimination on a practical patient


Cobionix ready to expand with $3M for healthcare robotics


Augmentus raises Series A+ funding to reduce robot programming complexity


JAXA tests PickNik's MoveIt Pro software in multi-armed robotic system for the ISS


Simply 3 days left to conserve before A Technology NewsRoom All Stage 2025 illuminate Boston


AI leadership development platform Praxis Labs sells to Torch


A cloud-seeding startup did not trigger the Texas floods


Hugging Face's new robot is the Seinfeld of AI gadgets


Goldman Sachs is testing viral AI agent Devin as a ‘new employee’


Medium’s CEO explains what it took to stop losing $2.6M monthly


Startups Weekly: Still running


Julie Wainwright is building what comes next — join her fireside chat at A Technology NewsRoom Disrupt 2025


Humanoids, AVs, and what's next in AI hardware at A Technology NewsRoom Disrupt 2025


Helios wants to be the AI operating system for public policy professionals


Just 4 days until A Technology NewsRoom All Stage kicks off in Boston-- and the lowest ticket rates disappear


Where AI fulfills style: Runway co-founder Alejandro Matamala Ortiz takes the AI Stage at A Technology NewsRoom Disrupt 2025


How to really raise a seed round: Actionable advice from leading investors at A Technology NewsRoom Disrupt 2025


5 days till A Technology NewsRoom All Stage-- save as much as $475 before costs increase


Knox lands $6.5M to compete with Palantir in the federal compliance market


Why Cluely’s Roy Lee isn’t sweating cheating detectors


SaaS is in the past. The future belongs to representatives, states Narada AI's CEO.


Pinecone founder Edo Liberty checks out the genuine missing link in enterprise AI at A Technology NewsRoom Disrupt 2025


Get your exhibit table at A Technology NewsRoom Disrupt 2025


Discover how to prevent the mistakes that stall start-up fundraising at A Technology NewsRoom All Stage on July 15


Rivian spinoff Also raises another $200M to build e-bikes and more


LangChain is about to become a unicorn, sources state


Thank you to the visionaries: Celebrating the partners behind A Technology NewsRoom All Stage


Wayve CEO Alex Kendall brings the future of autonomous AI to A Technology NewsRoom Disrupt 2025


The complete Side Events lineup at A Technology NewsRoom All Stage 2025


Exploring the future of voice AI with Mati Staniszewski at A Technology NewsRoom Disrupt 2025


Moonvalley's 'ethical' AI video design for filmmakers is now publicly readily available


Jeff Chow of Miro shares how group intelligence drives better product-building at A Technology NewsRoom All Stage


7 days until doors open at A Technology NewsRoom All Stage-- and approximately $475 in ticket cost savings disappear


Unless users do something about it, Android will let Gemini access third-party apps


What would a cheap, Apple A18-powered MacBook actually be good at


Samsung and Epic Games call a truce in app shop suit


Ancient skull may have been half human, half Neanderthal child


Measles cases reach 33-year high as RFK Jr. pursues anti-vaccine agenda


Trump and Congress finalize law that could hurt your Wi-Fi


Fubo pays $3.4 M to settle claims it unlawfully shared user data with marketers


&No honor among thieves&: M S hacking group starts turf war


US may get its own glitchy version of TikTok if Trump’s deal works out


Oldest wood tools in East Asia may have originated from any of three species


F1 in Britain: Terrible English summer weather equates to amusing race


How a huge shift in training LLMs resulted in an ability explosion


U.S. Air Force F-16C and F-15E Control Multiple XQ-58 Drones


Plane Prepares A400M for FCAS and Mothership Drone Operations


AeroVironment's Wildcat Reaches Key Milestones in DARPA's ANCILLARY Program's EVADE Demonstration


Ukrainian Manufacturers Scale Up to Produce 4M Drones per Year


United States Soldiers Drop Live Grenades from Drones in Germany


GoPro teases Max 2, its brand-new 360 action electronic camera


DJI releases new update for its drone flying app


Get drone-like footage anywhere with this 8K camera, now 16% off


NEURA Robotics partners with HD Hyundai on shipbuilding robots


Indian drone designer Raphe mPhibr raises $100M


Attabotics lays off staff as robotic storage supplier declare insolvency


UAE proptech Huspy raises $59M to scale in Europe


AI is requiring the data industry to consolidate-- however that's not the entire story