Snowflake's second funding round was led by Sequoia Capital, but Snowflake's other existing investors — Altimeter Capital, Capital One Growth Ventures, Iconiq Capital, Madrona Venture Group, Redpoint Ventures, Sutter Hill Ventures and Wing Ventures — participated, as did new investor Meritech Capital.
The new funding gave Snowflake a pre-money valuation of US$3.5 billion.
Snowflake has more than 1000 active customers, and this year attracted Netflix, Office Depot, Netgear and Yamaha.
"Learning to be data-driven is an imperative for every organisation today, and a data-driven organisation must be in control of its data," said Snowflake chief executive Bob Muglia.
"Snowflake is the most powerful data warehouse in the world for analytics solutions. That power delivers the security, control and business answers needed to enable data-driven organisations. This is driving spectacular growth for our company, and this latest funding round will provide Snowflake with the resources we need to serve our rapidly growing set of new and existing customers around the world."
The capital injected into the company will be used to continue the expansion of the multi-cloud strategy, expand its salesforce, add to the engineering team, and expand its track record of innovation.
"Snowflake is a key enterprise solution for the public cloud. The company's flexible, cloud-built data warehouse enables customers to quickly derive deep insights from their data without the hassle and costs of other, legacy solutions," Sequoia partner Carl Eschenbach said.
"Snowflake has truly disrupted the data warehouse market but the best is yet to come. We are confident Snowflake's customer-first approach and focus on innovation will continue to drive the company's growth."