Snowplow, The World&Apos;S Leader In Data Creation For Ai And Bi, Closes $40M In Series B Funding

Jun 30, 2022•about 3 years ago

Amount Raised

$40 Million

Round Type

series b

London

Description

Snowplow, the world's leader in Data Creation, today announced $40 million in Series B funding led by global venture capital firm, NEA, whose prior investments include Databricks, Cloudflare, and DataRobot, and continued support from existing Snowplow investors, Atlantic Bridge, and MMC. To date, funding raised totals $55 million. The new infusion of capital will allow Snowplow to grow its team, accelerate support for an ever-increasing set of data types, and scale internationally.

Company Information

Company

Leader

Location

London, Ontario, Canada

About

Other Noteworthy Snowplow customers and adopters include:Charlotte TilburyCNNDatadogMassMutualGitLabCapital OneAutodeskAxel Springer“AI is one of the largest opportunities in technology, but in order to maximize the return on AI and advanced analytics initiatives, organizations need better data that they have full control over,” said Tony Florence, Managing General Partner, Technology, NEA. “Snowplow is pioneering the Data Creation category with a developer-first platform that allows any company to create and consume AI-ready data as if they were Amazon or Netflix.”Alex Sharata, Senior Associate, NEA added: “We were impressed by Snowplow’s traction with the open source community as well as the company’s ability to deliver value to large enterprise customers, such as Autotrader, Flickr, Strava, and Zenefits, among others.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech