Snowflake Computing’s $263 Million Round Funding


Cooley advised Snowflake Computing, a data warehouse provider, on raising a $263 million Series E led by Iconiq Capital, Altimeter Capital and newcomer Sequoia Capital.

With this round of funding, Snowflake’s pre-money valuation is $1.5 billion. Partners Mark Tanoury and Seth Gottlieb led the Cooley team advising Snowflake on the transaction.

The funding round also included the remainder of Snowflake’s existing funding partners: Capital One Growth Ventures, Madrona Venture Group, Redpoint Ventures, Sutter Hill Ventures and Wing Ventures. According to Snowflake, the new funding will help it execute new and existing strategies, including growing its engineering team, expanding its current operations to address a global surge in demand and continuing to deliver innovations.

Snowflake Computing designs and develops a cloud based data warehousing software solutions for customers worldwide. The company, led by Robert L. Muglia, Benoit Dageville, Thierry Cruanes, Marcin Zukowski and Barbara Walkowski, is based in San Mateo (CA).

Cooley advised with a team including Mark Tanoury (Picture), Seth Gottlieb, Kate Nichols, Cameron Hajialiakbar and Kris Tamashiro.

Involved fees earner: Mark Tanoury – Cooley LLP; Seth Gottlieb – Cooley LLP; Kate Nichols – Cooley LLP; Cameron Hajialiakbar – Cooley LLP;

Law Firms: Cooley LLP;

Clients: Snowflake Computing Inc.;

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Author: Ambrogio Visconti