Snowflake Computing lands whopping $263 million for its data warehouse

Snowflake Computing announced today that it has raised a massive $263 million round of funding to propel its cloud data warehouse business forward. The company is now valued at $1.5 billion.
Snowflake sells database software that runs in Amazon’s cloud and provides businesses with a high-performance, highly scalable environment to store massive amounts of information for processing by a range of applications, including machine learning algorithms.
The company was founded in 2012, and this