Snowflake said Tech Giant, a technology company specializing in cloud -based data storage, plans to expand $ 200 million by Snowflake on Thursday.
The new capital injection has followed a series of activities by snowflakes for the last few months. This shows the company’s growth ambition.
Snowflake Startup Accelerator invests in a wide range of early stages known as The Powered, which was previously driven by Snowflake Funding Program. In particular, accelerators invest in new companies that build products by AI -based industry. New companies in the accelerator are credited with SNOWFLAKE’s technical support and co -market access and Amazon’s public cloud, AWS.
The previous cohort graduates include Coalesce, Andrew NG’s Landingai and Twelvelabs.
Some of the $ 200 million are Bain Capital Ventures, BLACKSTONE Innovations Investments, Bessemer Venture Partners, Capital One Ventures, General Catalyst, Greylock Partners, Hetz It will come from new and existing VC partners of Snowflake, including Ventures, Mayfield, NewBuild Venture Capital, NTTVC and MIRDUE.
There is a small letter I want to know. Snowflake is a blog post while participating in a VC company May Invest in snowflake startup accelerator companies. There is a “guarantee” that a particular company will be funded or the total target amount will be invested.
In addition, SNOWFLAKE, which announced plans for the new 30,000 square feet of “AI HUB” on the Menlo Park Campus, continues to invest in AI. Earlier this week, the company announced that Openai has expanded its partnership with Microsoft to provide access to the AI model. At the end of last year, Snowflake has a lot of partnerships with Datavolo, which has acquired AI data pipeline MENTHROPIC, with AI data pipeline.
Snowflake’s strategy seems to pay money. The company has been estimated by Wall Street analyst’s most recent accounting quarter (Q4 2024) and recorded $ 970 million in sales.
