Fueled by a capital injection of $23 making it the first cloud-native data warehouse startup to achieve “” status, Snowflake is set this year to expand its footprint, offer cross-regional, data-sharing capabilities, and develop interoperability with a set of related tools.

With the new round of , announced Thursday, Snowflake has raised a total of $73 million at a valuation of $1.5 billion. Founded in 2012, the company has become a startup to watch because it has engineered its data warehouse from the ground up for the cloud, designing it to remove limits on how much data can be processed and how many concurrent queries can be handled.

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