Snowplow Announces $40M Series B

Snowplow has successfully raised $40 million in Series B funding, led by NEA and supported by existing investors, bringing their total funding to $55 million. This investment is aimed at advancing Snowplow's mission to enable organizations to generate real-time data for transformative AI and analytics directly from data warehouses, lakes, or streams. The funding will support Snowplow's global expansion, partnerships with data stack companies like Databricks and Snowflake, and the continued growth of its open-source community, which includes over 10,000 organizations. Snowplow is focused on creating extensive use cases for industries, enhancing advanced analytics, and optimizing AI/ML model creation by providing real-time, validated data, thus offering advantages over traditional analytics tools. The company sees potential in expanding its technology beyond web and mobile behavioral data to other enterprise data types, marking the beginning of an exciting new phase for Snowplow.