SAN MATEO, Calif. / LONDON, UK — December 7, 2016 — SnapLogic, the leader in self-service integration, today announced $40 million in Series F funding to accelerate global expansion. Self Service Integration dramatically transforms how companies integrate data, applications and devices for digital business. The new round was led by European private equity firm Vitruvian Partners (“Vitruvian”), 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.
Gaurav Dhillon, SnapLogic’s founder and chief executive officer said:
“Companies are desperate for better data and shared truths, but silos and bottlenecks limit their agility, productivity and profits,” “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 others.”
The new funding will be used to expand sales, marketing and customer service globally to meet the 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 new wins include Clorox, Del Monte, Denny’s, Groupon, Magellan Health, McKinsey, Teva Pharmaceuticals and Wendy’s. SnapLogic’s platform has been recognised as one of five leaders in Gartner’s Magic Quadrant for Enterprise Integration Platform as a Service (iPaaS), and one of five “solutions to know” on the Constellation ShortList for iPaaS.
Peter Read, Managing Director and Thomas Studd, Partner at Vitruvian Partners said:
“SnapLogic is at the forefront of a huge market opportunity, attacking real customer pain with a modern platform,” “They have built an innovative product, impressive customer roster and experienced leadership team. We’re especially impressed with feedback from major enterprises that are using SnapLogic to connect data sources in minutes or hours rather than weeks — without the need to maintain custom code. We are looking forward to supporting their European expansion.”
Industry analysts estimate the market for data, application and device integration software will grow to more than $7 billion by 2020. Customers increasingly demand a modern, cloud-first architecture that can integrate all databases, applications and devices within a single platform, without incurring the technical debt of custom coding. They also want a platform that delivers fast time to value, with the scale and performance to support their business.