SnapLogic is receiving $37.5 million of series E financing, fueling the company’s expansion into the world of big data.
The world’s biggest technology company and private equity firms join other top tier investors, including Andreessen Horowitz, Ignition Partners and Triangle Peak Partners to provide Snaplogic with the finacing which will be used for accelerating SnapLogic’s expansion with further investments in technology and extending field operations to give the company a broader reach in sales and marketing to continue growing internationally.
“We’re also investing more in the marketing to make people aware that there is this kind of solution on the market,” said Darren Cunningham, vice president of marketing at SnapLogic.
SnapLogic provides integration services for enterprises looking to build or strengthen their cloud and data architecture, as the company provides 350+ Snaps, which are pre-built intelligent connectors that support applications and platforms from Microsoft Azure SQL Data Warehouse to Workday to AWS Redshift.
SnapLogic also provides an elastic execution engine for data processing called the Snaplex to support Hadoop, Spark, on premise or cloud architectures. With these partnerships and capabilities, SnapLogic allows users to connect data faster and more efficiently.
“We’re helping organizations get to the path of big data faster as they modernize and rethink their data warehouse,” Cunningham said. “We want them to know that they don’t have to hand code all this and they don’t have to rely on legacy ETL tools.”
For more information about SnapLogic’s new funds, visit www.snaplogic.com.