Impair data warehouse vendor Snowflake announces $479M round, directed by Dragoneer with involvement from Salesforce, at a $12. 4B valuation, up through $3. 9B in 2018 (Jordan Novet/CNBC)

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Snowflake CEO Honest Slootman, far right, tackles the team at an all-hands meeting.

Thanks to Snowflake

Snowflake, the developer of cloud-based technologies for storing and examining data, is now worth $12. 4 billion, making it probably the most valuable venture-backed companies within Silicon Valley.

Salesforce’s corporate venture supply joined Dragoneer Investment Team in the $479 million funding round, Snowflake said in the statement. The fresh capital ought to come in handy as Snowflake assumes cloud infrastructure providers Amazon , Microsof company and Google .

The participation of Salesforce, which has invested in a number of other enterprise software companies that went community in recent years, will help Snowflake using its “content strategy, ” mentioned CEO Frank Slootman, who have took cloud software supplier ServiceNow public this year. Salesforce houses clients’ information on customers, and all that will information can be combined with information stored inside Snowflake then sent to a service like Tableau ( possessed by Salesforce ) for visualization.

He said Snowflake offers probably taken 2, five hundred customers from Amazon Internet Services’ Redshift data storage service. They include Adobe , Instacart, Deliveroo and Strava, he said.

“We wouldn’t even can be found as a company if we failed to do that every day of the 7 days, ” Slootman said. AWS declined to comment.

As a result of the cooperation with Salesforce, data through that company’s cloud solutions won’t require even an one click for a customer beginning to use Snowflake.

“It’ll just magically appear. It’s pretty cool, inch Slootman said.

The new funding round a lot more than triples Snowflake’s valuation through $3. 9 billion in the prior financing in 2018. Slootman said the company has not touched the $450 mil it raised in that circular. Still, he said the business isn’t profitable on an internet basis, in part because of stock-based compensation.

This “takes quite a while” in order to cross that line of success, he said.

Slootman told CNBC in December that he’s planning the company to go public, yet doesn’t have a definitive schedule and has some concerns regarding 2020 because of the upcoming president election.

“We have the scale and the speed to go out but wish sort of waiting for the right period, ” he said. “When we go out, I want to, and want to, present the company in the best form possible, you understand, rather than try to rush this. ”

The newest funding round gives Snowflake a large pool of money. But Slootman isn’t stating if the company will go for the traditional IPO or an immediate listing, which would take Snowflake public without bringing in extra capital.

“We need to prepare the company for the trajectory whereby we have traders that can own multibillion-dollar roles and own them to get 10 years and longer plus sign on to a journey, inch Slootman said.

Snowflake was founded in 2012 and it is based in San Mateo, Calif. Slootman replaced former Microsof company executive Bob Muglia because CEO in May.

WATCH: Snowflake CEO on Silicon Area valuations

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