SAN MATEO — SnapLogic — a company that makes it fast and easy for organizations to manage all their application integration, data integration, API management, B2B integration, and data engineering projects on a single, scalable platform — has raised $72 million in growth financing. The new round was led by Arrowroot Capital, a leading US growth equity firm specializing in B2B SaaS, and joined by Golub Capital and existing investors.
SnapLogic is disrupting the $30 billion integration market. With SnapLogic, organizations can connect all of their enterprise systems quickly and easily to automate business processes, accelerate analytics, and drive transformation.
Leading enterprises around the world rely on SnapLogic to power their integration initiatives, including Adobe, AstraZeneca, Bristol-Myers Squibb, Emirates, Schneider Electric, Siemens, Sony, and Wendy’s.
“SnapLogic is attacking a huge and surging market opportunity with a uniquely modern and powerful platform,” said Matthew Safaii, Founder and Managing Partner at Arrowroot Capital. “They’ve built an amazing product, work with an impressive roster of customers, and are led by an experienced executive team. As SnapLogic sets its sights on continued product leadership and global expansion, we look forward to partnering with them to help get their pioneering integration platform into the hands of even more enterprises around the globe.”
“SnapLogic is reinventing application and data integration for the modern era,” said Robert Sverbilov, Director at Golub Capital. “We are excited to support SnapLogic’s next generation SaaS application integration platform and to help secure its footing as a leader in the iPaaS (Integration Platform as a Service) vertical.”
“This is an exciting time for SnapLogic,” said Gaurav Dhillon, CEO at SnapLogic. “We’re extremely proud to have built a modern and innovative solution that is solving really hard problems for our enterprise customers. This latest investment is a testament to the hard work and ongoing support of our customers, partners, and employees around the world. Together, we’ll continue to chart the way forward, making integration even faster and easier so enterprises can realize their data-driven ambitions.”