Tag: Snowflake
Once a buzzword, digital transformation is reshaping markets
The notion of digital transformation evolved from a buzzword joke to a critical and accelerating fact during the COVID-19 pandemic. The changes wrought by a global shift to remote work and schooling are myriad, but in the business realm they have yielded a change in corporate behavior and consumer expectation…
Read More
Snowflake latest enterprise company to feel Wall Street’s wrath after good quarter
Snowflake reported earnings this week, and the results look strong with revenue more than doubling year-over-year. However, while the company’s fourth quarter revenue rose 117% to $190.5 million, it apparently wasn’t good enough for investors, who have sent the company’s stock tumbling since it reported Wednesday after the bell. It…
Read More
Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last
According to a recent letter sent to its investors, Tiger Global Management, the New York-based investing powerhouse, is raising a new $3.75 billion venture fund called Tiger Private Investment Partners XIV that it expects to close in March. The fund is Tiger Global’s 13th venture fund, despite its title —…
Read More
Wing, founded by veterans of Accel and Sequoia, rounds up $450 million for its third fund
Wing, an early-stage, Palo Alto, Ca.-based venture firm that was formed in 2013 by veteran VCs Peter Wagner and Gaurav Garg, has closed its third fund with $450 million in capital commitments. That’s substantially larger than the $300 million that the firm raised for its second fund — and it…
Read More
Former Tesla and Lyft exec Jon McNeill just launched a fund that plans to spin out its own companies
Lyft’s former COO Jon McNeill has had a fairly storied career as an operator. A Northwestern University economics major who worked at Bain & Co. out of college, he went on to start and sell five companies before being introduced in 2015 to Elon Musk by Sheryl Sandberg and spending…
Read More
Startups are helping cloud infrastructure customers avoid vendor lock-in
For much of the history of enterprise technology, companies tended to buy from a single vendor because it made managing the entire affair much easier while giving them a “single throat to choke” when something went wrong. On the flip side, it also put customers at the mercy of said…
Read More