The Capital One and Salesforce-backed data management platform developer - valued at $12.4bn in February - has filed to go public.

US-based data management software producer Snowflake filed yesterday to raise up to $100m in an initial public offering that could provide exits for enterprise software provider Salesforce and financial services firm Capital One.

The $100m figure is a placeholder amount, with the final figure set to be considerably higher. Snowflake has raised more than $1.3bn in funding and was valued at $12.4bn as of a $479m series G round in February this year.

Snowflake provides cloud software that…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.