SnapLogic Secures $40 Million

 

SAN MATEO — SnapLogic has secured $40 million in Series F funding to accelerate global expansion and transform how companies integrate data, applications and devices for digital business. The new round was led by European private equity firm Vitruvian Partners, with follow-on investment from Andreessen Horowitz, Capital One, Ignition Partners, NextEquity Partners and Triangle Peak Partners.

SnapLogic has raised a total of $136.3 million to date.

SnapLogic uses its cloud-based platform to “snap” together cloud and on-premise applications, data warehouses, big data streams and IoT deployments. Unlike traditional integration software that requires painstaking, hand-crafted work by teams of developers, SnapLogic makes it fast and easy to create data pipelines with no coding. Analysts, data scientists and business users can now create integrations in hours rather than weeks, using visual drag-and-drop software. Under the hood, SnapLogic’s powerful data streaming architecture delivers real-time processing with high throughput to get the right data to the right people at the right time.

“Companies are desperate for better data and shared truths, but silos and bottlenecks limit their agility, productivity and profits,” said Gaurav Dhillon, SnapLogic’s founder and chief executive officer. “They can no longer afford the time, cost or complexity of code-based integration, so we completely reinvented how it’s done. SnapLogic is truly the next generation of what we built at Informatica 24 years ago, and goes well beyond the incremental improvements offered by Talend and MuleSoft.”

The new funding will be used to expand sales, marketing and customer service globally to meet growing demand for self-service integration. SnapLogic has added more than 300 new customers in the past year, bringing its total customer base to more than 700. Significant wins include Clorox, Del Monte, Denny’s, Groupon, Magellan Health, McKinsey, Teva Pharmaceuticals and Wendy’s. SnapLogic’s platform has been recognized as one of five leaders inGartner’s 2016 Magic Quadrant for Enterprise Integration Platform as a Service (iPaaS), and one of five “solutions to know” on the Constellation ShortList for iPaaS.