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Snowflake plans to expand its accelerator at the start of $ 200 million in additional obligations, the technology giant specializing in storing data -based data He said Thursday.
The new capital injection follows a series of snow activity over the past few months, which shows the ambitions of the company’s growth.
Snowflake Startup, previously known as the Snow Flavance Finance Program, is investing in a wide range of startups in the early stage. It is worth noting that an accelerator is investing in startups that build products for industry based on artificial intelligence on the snowflake. Startups in the Snowflake technical support accelerator and access to joint marketing opportunities, as well as Amazon’s Public Cloud, AWS.
It includes graduates from previous regiments to gatherand Andrew from LandingaiAnd twelve.
Part of the $ 200 million of the new and current VC partners will come in Snowflake, including Bain Capital Ventures, Blackstone Innovations Investments, Bessmer Venture Partners, Capital One Ventures, GENERAL CATALEST, and Greylock Partners, Heet Ventures, Newbuild Venture Capital, NTTVC, and Virtue.
There is some beautiful print that you should be familiar with. Snowflake noticed in a blog publication that while the participation of VC companies maybe Invest in Snowflake starting companies, there is no “guarantee” that any specific company will receive funding or that the full target amount will be invested.
Snow tolerant, which I also announced plans For the new “AI HUB”, which has an area of 30,000 square feet on the Menlo Park campus and the AI Upskilling program worth $ 20 million, still invests strongly in artificial intelligence. Earlier this week, the company announced an expanded partnership with Microsoft to provide access to artificial intelligence models from Openai. Late last year, the snowflake signed a multi -year partnership with Antarb DatavoloAI Data Pipeline.
Snowflake’s strategy seems to be fruits. The company won the estimates of the Wall Street analyst for its latest fiscal quarter (Q4 2024), as it achieved the revenues of $ 987 million.