Snowflake Computing announced today that it raised $45 million, with the company saying that it will use the funding to continue innovation in the data warehousing market. The big data startup is led Bob Muglia, who helped build Microsoft’s Server and Tools Business division. He spent 23 years at Microsoft before joining San Mateo, Calif.-based Snowflake as CEO last year.
Snowflake came out of stealth last year, unveiling their Elastic Data Warehouse, which allows companies to centralize all their data, users and workloads in one SQL data warehouse. Since many people already use SQL, there’s no need to learn new languages to use the centrally stored data.
“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,” Muglia said in a press release.
The funding was led by Altimeter Capital, who joined with previous investors including Redpoint Ventures, Sutter Hill Ventures and Wing Ventures. Snowflake has raised $71 million to date.
Here’s Muglia and other execs talking more about the “reimagining” of data warehousing.
