# Capital One Joins Snowflake’s Series D Funding Round
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-09-09
Category: INVESTING
Category URL: https://financedigest.com/category/investing
Meta Title: Capital One Growth Ventures Invests $5 Million in Snowflake
Meta Description: Snowflake Computing, the leading cloud data warehouse provider, receives $5 million in funding from Capital One Growth Ventures. Learn more about their
URL: https://financedigest.com/capital-one-joins-snowflakes-series-d-funding-roundhtml

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_Investment will help advance Snowflake’s innovative data analytics solutions for the financial services industry._

[Snowflake Computing](https://snowflake.net), the [only data warehouse built for the cloud](https://www.snowflake.net/product), today announced that Capital One Growth Ventures, the venture investing arm of Capital One Financial, has joined its latest round of growth funding, bringing Snowflake’s Series D round to a total of $105 million. The Series D round was announced in April of 2017, led by ICONIQ Capital and accompanied by Madrona Venture Group, and includes all of Snowflake’s existing investors: Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures and Wing Ventures. Since its founding in 2012, Snowflake has raised a total of $210 million in funding.

Capital One is a [data-driven enterprise and has been working with Snowflake to deliver the most secure and powerful version of Snowflake’s built-for-the-cloud data](https://www.financedigest.com/the-data-driven-future-of-the-insurance-industry.html "The data-driven future of the insurance industry") warehouse – Virtual Private Snowflake (VPS). Capital One became Snowflake’s first VPS customer in July, and today’s investment of $5 million by Capital One [Growth Ventures will help advance Snowflake’s commitment to deliver innovative technology](https://www.financedigest.com/product-innovations-and-advancements-in-technology-to-boost-automotive-ignition-system-market-growth.html "Product Innovations and Advancements in Technology to Boost Automotive Ignition System Market Growth") to financial services enterprises. Today, Snowflake also launched VPS to the financial [services industry](https://www.financedigest.com/financial-services-industry-blazes-the-trail-for-cloud-migration-post-pandemic.html "Financial services industry blazes the trail for cloud migration post-pandemic"). [Read about it here.](https://www.snowflake.net/news-items/snowflake-introduces-the-cloud-data-warehouse-built-for-financial-services)

“We’re incredibly excited to have an [innovative industry](https://www.financedigest.com/the-industrial-hemp-market-to-sail-through-innovation-based-turbulence.html "The Industrial Hemp Market To Sail Through Innovation-Based Turbulence") leader such as Capital One Growth Ventures join Snowflake as an investor,” Snowflake CEO, Bob Muglia said. “Capital One’s groundbreaking, cloud-first [strategy is a beacon to other industry enterprises that want to advance their technology](https://www.financedigest.com/how-to-establish-a-successful-technology-strategy.html "How to establish a successful technology strategy") infrastructure. We look forward to many years of collaborating with Capital One to [deliver the most ingenious industry](https://www.financedigest.com/cavai-and-azerion-deliver-industry-first-with-conversational-in-stream-video.html "Cavai and Azerion deliver industry first with conversational in-stream video") solutions.”

VPS is the most advanced edition of Snowflake, [delivering a secure and compliant solution to enable regulated enterprises to easily and efficiently derive insights](https://www.financedigest.com/research-delivers-insight-into-the-global-polymer-surfactants-market-during-the-period-2021-2029.html "Research Delivers Insight Into The Global Polymer Surfactants Market During The Period 2021-2029") from their data. VPS also provides the flexibility and scale to meet the needs of the large financial [services companies](https://www.financedigest.com/sterilization-services-market-global-leading-companies-analysis-revenue-trends-and-forecasts-2027.html "Sterilization Services Market Global Leading Companies Analysis, Revenue, Trends and Forecasts 2027").

“Capital One has always been a data-driven company, and we are now an [industry leader in adopting](https://www.financedigest.com/bev-automotive-oil-filter-market-recent-industry-developments-and-growth-strategies-adopted-by-players.html "BEV Automotive Oil Filter Market: Recent Industry Developments and Growth Strategies Adopted by Players") new cloud technology,” said VenkateshSeetharam, Partner at Capital One Growth Ventures. “With Snowflake’s unique and forward-thinking data warehouse solution, Capital One and other large enterprises are [equipped to deliver even better user experiences for customers](https://www.financedigest.com/why-equipment-assets-should-be-the-source-of-your-customer-strategy.html "Why Equipment Assets Should Be The Source of Your Customer Strategy"). We look forward to continuing our partnership with Snowflake as an investor, and being [part of the company’s ongoing innovation](https://www.financedigest.com/the-automotive-aluminum-extruded-parts-market-to-climb-upwards-through-innovation-at-a-cagr-of-5-8-between-2021-and-2031.html "The Automotive Aluminum Extruded Parts Market to climb upwards through innovation at a CAGR of 5.8% between 2021 and 2031") and evolution of the cloud industry.”

To read more about the launch of VPS, [click here.](https://www.snowflake.net/news-items/snowflake-introduces-the-cloud-data-warehouse-built-for-financial-services) To read Bob Muglia’s blog about Snowflake’s VPS announcement, [click here.](https://www.snowflake.net/the-virtual-private-snowflake-story) You can also learn about the Snowflake features and benefits to protect enterprise sensitive data by clicking [here](https://www.snowflake.net/use-cases/sensitive-data/).


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