Sign up to receive 5 free days of our daily summary for tech news.

Special Offer: Try out The Information today for only $10/month for your first 3 months. 
Enterprise Amazon

Snowflake Computing Raised $270 Million at $1.5 Billion Valuation

Snowflake Computing, a five-year-old cloud database startup, has raised a $270 million Series E round of funding at a $1.5 billion valuation from existing investors, including Iconiq Capital and Altimeter Capital, according to a person with knowledge of the matter.

The new valuation appears to be a significant increase on the reported $500 million value at which Snowflake raised money last year. Snowflake is in a fast-growing segment of the cloud computing market, selling cloud “data warehouse” software, which collects data from multiple sources within a company and stores it in a central location. 

What Is The Information?

Notes bb3aa5069205d702dda37fc71dc6f1c59df2310c4379304e9f1199f052af4884

Exclusive Articles

We broke it first. Receive original reporting you won't read anywhere else from the largest newsroom in tech.

Notebook b5103017ee163370a1667c9ce59ab0ef023875a17888105d26c185cadf31bb69

Daily news analysis

Every weeknight, we'll send you our reporters’ views on the day’s top tech news—distilled into one email.

Conference calls c9e664e8b96ee347d3e92b8309938f268422b9db98cfabca5c826fbb75054b23

Conference calls

Get access to our reporters and other top executives with monthly deep-dive calls into topics like startups and autonomous vehicles.

Events 499acedd16cffc41445edd76bfd302b2836c2a27419890f17130a6b10e2aa3df

Special Events

For no extra fee, get access to more than a dozen events yearly, from intimate dinners to larger gatherings with marquee speakers.

What else is included in my subscription?

Become a contributor

Share your views and find other subscribers by completing your profile. You’ll be listed in our contributor directory.

Slack community

Discuss topics and current events with our subscriber-only Slack group and share news about your company with other subscribers.

Annual Subscriber only benefits:

Org Charts

Access the only collection of tech company org charts. Our expanding database includes companies like Amazon, Snap, and Uber.

Crypto Newsletter

Our experts investigate the latest in the crypto world to keep you in-the-know about the movements of digital currencies.

Stay up to date on Silicon Valley

Sign up for Jessica Lessin’s (The Information’s CEO & Founder) free Saturday newsletter and also receive a complimentary week of our daily afternoon tech commentary email.

Already a subscriber? Log in here

Recent Articles

Enterprise Cloud

Why Salesforce Stock Has Lost its Edge

By Ross Matican

Google Cloud

The People With Power at Google Cloud

By Kevin McLaughlin and Amir Efrati


Tech and Media Layoffs Surge in May, Taper in June

By The Information Staff

Enterprise Amazon

AWS Growth Rate Slows Amid Shifts in Cloud Market

By Kevin McLaughlin and Amir Efrati

Cloud data warehouse is a "very large growth market where all major players are succeeding,"