After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step

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Snowflake, the cloud-based data warehouse company, doesn’t 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. That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance event is likely an IPO. Dragoneer Investment led the round along with new investor Salesforce Ventures.

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