Bob Muglia, former executive at Microsoft, announced that his company Snowflake has just raised $45 million in new funding. The company has received a total of $71 million to date. The company says that it will continue to innovate in the data warehousing market with the funding they raised.
Snowflake only became public last year, when they unveiled their Elastic Data Warehouse, allowing companies to centralize their data and workloads on one SQL data warehouse. There’s no need to learn any new programming languages, since many people already understand SQL. In a press release, Muglia explains,
The overwhelmingly positive market reception to the Snowflake Elastic Data Warehouse has validated our vision of reimagining the data warehouse for the cloud era with a completely new product built from the cloud up that doesn’t require retooling and retraining.
Altimeter Capital lead the funding. They have joined with other investors including Redpoint Ventures and Wing Ventures. Bob Muglia was previously a Microsoft executive working in the Server and Tools Business division. After 23 years working at Microsoft, he joined the California-based company as CEO at Snowflake only last year.Further reading: Microsoft