SnapLogic, a unified cloud and data great integration platform as a service (iPaaS), founded by veteran Gaurav Dhillon data industry, announced the closing of a financing of $ 37.5 million with Microsoft and Silver Lake Waterman, joining the existing investors, including Andreessen Horowitz, Ignition Partners and Partners peak Triangle. The capital raised will be used to accelerate growth and international expansion.
SnapLogic provides integration services for companies looking to build or strengthen their cloud and data architecture, enabling enterprises to connect data "more faster and more effectively. " Since the launch of its cloud and big platform for integrating data in July 2013, SnapLogic has been on a steep upward trajectory and closed a third quarter record in September 2015.
"as organizations transition to the cloud and need new ways to get maximum value from their data, SnapLogic is poised to dominate the market with a faster modern platform that can connect cloud and on-site applications, large data and the Internet of Things, "said Kupor Scott, managing partner at Andreessen Horowitz ." We are delighted to continue working with SnapLogic because they have the right technology and team at the right time. "
SnapLogic says it now has more than 400 customers for its hybrid and scalable iPaaS . During the third quarter of 2015, the company increased bookings of 182 percent sequentially as the adoption of the customers continued to grow rapidly across a wide range of industries, including life sciences, health , financial services, media and retail, among others.
"SnapLogic was the first to see a new approach to connect data, applications and the Internet of Things has been necessary for the modern enterprise," said Gaurav Dhillon, founder and CEO of SnapLogic . "our vision and our mission is to connect anything, anytime, anywhere. this new round of funding allows us to continue to build on our momentum and capitalize on the cloud 500 billion $, big data and Internet of things market opportunities. "
Today, with its growing list of clients, SnapLogic is now processing over 55 billion documents per month through its cloud and large data integration platform as a service, with some customers by adding hundreds of users through self-service, design cloud-based, management and environmental monitoring .
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