SnapLogic raises additional $40 million to disrupt global
technology integration market in round led by Vitruvian
“Self-Service Integration” disrupts legacy and emerging players;
makes it fast and easy to create data pipelines without coding
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.
“Companies are desperate for better data and shared truths, but silos and bottlenecks limit their agility,
productivity and profits,” said Gaurav Dhillon, SnapLogic’s founder and chief executive officer. “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.
“SnapLogic is at the forefront of a huge market opportunity, attacking real customer pain with a modern
platform,” said Peter Read, Managing Director and Thomas Studd, Partner at Vitruvian Partners. “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.
Today’s funding caps an exciting 2016 for SnapLogic marked by the following achievements, in addition
to the customer wins and analyst validation cited above:
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SnapLogic delivered steady innovation with four quarterly product releases, including expanded
capabilities for hybrid application integration, cloud data warehousing and big data integration;
SnapLogic expanded globally into the UK and Australia New Zealand (ANZ) markets;
SnapLogic launched its SnapLogic Connect Partner Program, with 70-plus partners globally;
SnapLogic expanded its leadership team with a new Chief Technology Officer, Chief Marketing
Officer and International Sales Leader; and
SnapLogic earned public recognition for technology and business leadership via the Stevie
Awards, CODie Awards, Stratus Awards, CRN 100, DBTA 100, and Bay Area Top Workplaces.
About SnapLogic
SnapLogic is the global leader in self-service integration. The company’s cloud-based platform makes it
fast and easy to connect data, applications and devices -- eliminating business silos and technology
bottlenecks to accelerate digital business. SnapLogic was founded by data industry veteran Gaurav Dhillon
and is backed by investors including Andreessen Horowitz, AngelList, Capital One, Floodgate, Ignition
Partners, Microsoft Corp., NextEquity Partners, Silver Lake Waterman, Triangle Peak Partners and
Vitruvian Partners. Learn more at www.snaplogic.com.
About Vitruvian
Vitruvian is an independent private equity firm which specializes in growth middle‐market investments.
Vitruvian focuses on dynamic situations in industries characterized by rapid growth and change, such as
technology & telecoms, media, business services, consumer services, financial services, life sciences &
healthcare. Other technology investments include Just-Eat, Farfetch, Skyscanner, Snow Software and
Callcredit. In December 2013, Vitruvian announced that it had closed the fundraising of its second fund,
Vitruvian Investment Partnership II (“VIP II”), at its self-imposed cap of £1 billion ($1.3 billion; €1.2 billion).
Vitruvian has offices in London, Munich, Stockholm and Luxembourg.
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Press Contacts:
SnapLogic:
Scott Behles, SnapLogic
[email protected]
415-571-4462
Vitruvian Partners:
Kay Larsen, Instinctif
[email protected]
D +44 (0)20 7457 2052 | M +44 (0)7854 368 227