This post is by Ron Miller
from SaaS – TechCrunch
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When it comes to a cloud success story, Snowflake checks all the boxes. It’s a SaaS product going after industry giants. It has raised bushels of cash and grown extremely rapidly — and the story is continuing to develop for the cloud data lake company.
In September, Snowflake’s
co-founder and president of product Benoit Dageville will join us at our inaugural TechCrunch Sessions: Enterprise
event on September 5 in San Francisco.
Dageville founded the company in 2012 with Marcin Zukowski and Thierry Cruanes with a mission to bring the database, a market that had been dominated for decades by Oracle,
to the cloud. Later, the company began focusing on data lakes or data warehouses, massive collections of data, which had been previously stored on premises. The idea of moving these elements to the cloud was a pretty radical notion in 2012.
It began by supporting its products on AWS, and
recently expanded to include support for Microsoft Azure
and Google Cloud
The company started raising money shortly after its founding, modestly at first, then much, much faster in huge chunks. Investors included a Silicon Valley who’s who such as Sutter Hill, Redpoint, Altimeter, Iconiq Capital and Sequoia Capital
Snowflake fund raising by round. Chart: Crunchbase
The most recent rounds came last year, starting with a massive $263 million investment
in January. The company went back for more in October with an even larger $450 million round
It brought on industry veteran Bob Muglia
in 2014 to lead it through its initial growth spurt. Muglia left the company earlier this year and was replaced by former ServiceNow chairman and CEO Frank Slootman.
TC Sessions: Enterprise
(September 5 at San Francisco’s Yerba Buena Center) will take on the big challenges and promise facing enterprise companies today. TechCrunch’s editors will bring to the stage founders and leaders from established and emerging companies to address rising questions, like the promised revolution from machine learning and AI, intelligent marketing automation and the inevitability of the cloud, as well as the outer reaches of technology, like quantum computing and blockchain.
Tickets are now available for purchase on our website at the early-bird rate of $395.
Student tickets are just $245 – grab them here
We have a limited number of Startup Demo Packages
available for $2,000, which includes four tickets to attend the event.
For each ticket purchased for TC Sessions: Enterprise, you will also be registered for a complimentary Expo Only pass to TechCrunch Disrupt SF
on October 2-4.