Snowflake Computing Inc. announced that it will issue 18,430,000 series E convertible preferred shares at a price of $14.9234 per share for gross proceeds of $275,038,262 in funding on January 11, 2018. The shares are convertible, non-cumulative, participating. The preferred shares will be entitled to receive non-cumulative fixed dividend rate of 8% per annum. The preferred shares will be convertible in common shares at a fixed conversion price of $14.9234 per share. The round will be raised at a post money valuation of $1,380,585,253.5428. The company will raise $263,494,759 pursuant to exemption provided under Regulation D.