Running app Strava raised new funding at a $2.2B valuation including debt, up from $1.5B after raising $110M in November 2020, and nears $500M in ARR

Snowflake reports Q1 product revenue up 26% YoY to $996.8M, vs. $966M est., and forecasts Q2 product revenue above estimates; SNOW jumps 6%+ — Product revenue, which makes up the bulk of Snowflake's business, will increase about 25% to as much as $1.04 billion in the quarter ending in July, the company said Wednesday in a statement.