Capital One and Salesforce-backed cloud database provider Snowflake has confidentially filed for an initial public offering that could value it at up to $20bn.
Snowflake, a US-based cloud data software provider backed by financial services firm Capital One and enterprise software producer Salesforce, has confidentially filed for an initial public offering, Bloomberg reported yesterday.
Financial terms have not been confirmed but a subsequent report from the Financial Times (FT) claimed bankers had told Snowflake it could fetch a valuation of $15bn to $20bn in an IPO. The company was valued at $12.4bn as of its last funding four months ago.
Founded in 2012, Snowflake…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
