[ TRANSACTION RECORD ]

Snowflake Inc. Investment in Snowflake Platform — 2024

VERIFIED VECTOR ID: 002169 · tx-265
M SOURCE NODE — FUNDER
Snowflake Inc.
Technology United States
$1,000,000,000
EQUITY
15/01/2024
Q DESTINATION NODE — RECIPIENT
Snowflake Platform
SPV United States
Amount (USD)
$1.0B
Flow Type
EQUITY
Transaction Date
15/01/2024
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Snowflake Inc.
AUM 65000
HQ Location United States
Sector Technology
Recipient Profile [ Q ]
Entity Snowflake Platform
Entity Type SPV
Jurisdiction United States
Intelligence Note

Snowflake Inc. announced a 1 billion dollar capital expenditure plan to expand its cloud-based data platform and digital infrastructure across multiple cloud providers. This transaction involves significant investments in hardware and network capacity to meet growing customer demand for data mobilization. The deal underscores the massive institutional resources being deployed in cloud data.

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Primary Forensic Source https://www.snowflake.com/news/snowflake-announces-q4-and-full-year-fiscal-2024-results/
✓ SOURCE LINKED