- Intelligent Integration Platform company SnapLogic recently announced that it raised $72 million in growth financing
SnapLogic — an Intelligent Integration Platform company — announced it raised $72 million in growth financing in order to bolster its market leadership and accelerate global expansion. This round of funding was led by Arrowroot Capital. And Golub Capital and existing investors also joined the round.
The integration market is valued at $30 billion and customers are increasingly demanding a modern and cloud-native platform that is easy to use and scalable along with being able to handle all their complex integration projects across the global enterprise.
“This is an exciting time for SnapLogic,” said SnapLogic CEO Gaurav Dhillon. “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.”
SnapLogic’s platform has a self-service based interface that enables both skilled and novice integrators to manage all application integration, data integration, API management, B2B integration, and data engineering projects on a single and scalable platform. Using SnapLogic, organizations can connect all of their enterprise systems quickly and easily to automate business processes, accelerate analytics, and drive transformation.
“SnapLogic is attacking a huge and surging market opportunity with a uniquely modern and powerful platform,” added Matthew J. 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.”
Some of the leading enterprises around the world that utilize SnapLogic to power their integration initiatives include Adobe, AstraZeneca, Bristol-Myers Squibb, Emirates, Schneider Electric, Siemens, Sony, and Wendy’s.
“SnapLogic is reinventing application and data integration for the modern era,” explained 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.”