Coatue US 19 LLC, Sequoia Capital Operations LLC and other unknown buyers acquired an unknown stake in Snowflake Computing Inc from Thierry Cruanes, Benoit Dageville, Christopher W. Degnan Robert L. Muglia, Thomas Tuchscherer and other shareholders for approximately $330 million.
June 14, 2020
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Coatue US 19 LLC, Sequoia Capital Operations LLC and other unknown buyers made an offer to acquire an unknown stake in Snowflake Computing Inc from Thierry Cruanes, Benoit Dageville, Christopher W. Degnan Robert L. Muglia, Thomas Tuchscherer and other shareholders for approximately $330 million in February, 2020. Under the terms of the consideration, buyers paid $38.77 per common stock for 8.6 million Class B common stock.
Coatue US 19 LLC, Sequoia Capital Operations LLC and other unknown buyers completed the acquisition of an unknown stake in Snowflake Computing Inc from Thierry Cruanes, Benoit Dageville, Christopher W. Degnan Robert L. Muglia, Thomas Tuchscherer and other shareholders March, 2020.
Snowflake Inc. enables every organization to mobilize their data with Snowflakes Data Cloud. The Companyâs platform powers the Data Cloud, enabling customers to consolidate data into a single source of truth to drive meaningful business insights, apply artificial intelligence (AI) to solve business problems, build data applications, and share data and data products. Its platform supports a range of workload, including data warehouse, data lake, data engineering, AI/machine learning (ML), applications, collaboration, cybersecurity, and Unistore. Its cloud-native architecture consists of three independently scalable but logically integrated layers across compute, storage, and cloud services. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases with minimal latency. The storage layer ingests massive amounts and varieties of structured, semi-structured, and unstructured data to create a unified data record.
Coatue US 19 LLC, Sequoia Capital Operations LLC and other unknown buyers acquired an unknown stake in Snowflake Computing Inc from Thierry Cruanes, Benoit Dageville, Christopher W. Degnan Robert L. Muglia, Thomas Tuchscherer and other shareholders for approximately $330 million.
SNOWFLAKE INC. 
