How much has Snowflake raised?

Snowflake was founded in 2012 and incubated/backed early by Sutter Hill before later rounds from Redpoint, Altimeter, ICONIQ, Sequoia, Dragoneer, Salesforce Ventures, and others. Sequoia lists Snowflake as partnered in 2018 and IPO 2020.

The last major private round was a $479 million Series G in February 2020 led by Dragoneer at a $12.4 billion valuation. At IPO, Snowflake raised about $3.4 billion, with Berkshire Hathaway and Salesforce Ventures purchasing shares in parallel arrangements.

Snowflake is now public, so current valuation is market-based. The funding story matters mainly because the company had enough late-stage capital and enterprise validation to build an enduring data-platform franchise before listing.

Sequoia is the required portfolio provenance. Sutter Hill, Redpoint, Altimeter, ICONIQ, Dragoneer, Salesforce Ventures, and Berkshire Hathaway are notable parts of the capital story.

Snowflake’s valuation expanded with cloud data platform adoption, then moved as a public stock with growth rates, consumption optimization, AI demand, and cloud infrastructure sentiment. The private $12.4B mark is historical.

Snowflake is public. It has historically prioritized growth and free cash flow metrics over GAAP profitability, so seller cases should connect to workload growth, consumption efficiency, or enterprise sales productivity.

Snowflake has large enterprise budgets but a sophisticated cost model. Strong pitches map to AI/data workloads, marketplace growth, partner ecosystem, FinOps, security, observability, and developer productivity.