Newsletters




SnapLogic Receives $40 Million in Latest Round of Funding


Bookmark and Share

SnapLogic is receiving $40 million in Series F funding to hasten its reach around the globe and transform ways to integrate data, applications, and devices for digital business.

The new round was led by European private equity firm Vitruvian Partners, with further investment from Andreessen Horowitz, Capital One, Ignition Partners, NextEquity Partners, and Triangle Peak Partners. This brings SnapLogic’s funding to $136.3 million to date.

The new funding will be used to expand sales, marketing, and customer service globally to meet growing demand for self-service integration.

“This is more about having a local presence, sales and service capabilities in major geographies,” said Gaurav Dillon, SnapLogic CEO.

 Other plans include support for Spark, Hadoop, a variety of cloud data warehouses along with new IoT connectivity and more, according to Dillion.

“Expect us to add a lot of support for new kinds of data streams that are emerging to be the greatest provider of data in the enterprise,” Dillion said.

SnapLogic uses its cloud-based platform to “snap” together cloud and on-premise applications, data warehouses, big data streams and IoT deployments.

SnapLogic makes it possible to create data pipelines with no coding.

“These are good times,” Dillion said. “I think it’s really important that people know that the company is zooming and has a technology that can make their lives a lot better.”

For more information about this announcement, visit www.snaplogic.com.


Sponsors