SnapLogic Receives $20M in Series D Financing
SnapLogic, Inc. today announced the initial closing of its $20 million Series D financing led by Ignition Partners, which will bring the company’s total financing to $60 million. Also participating in this closing are Andreessen Horowitz, H. Barton Asset Management, Pharus Capital Management and Triangle Peak Partners.
The company will use the funds to grow its field sales, marketing and operations while continuing to build upon the big data wrangling and streaming capabilities of its award-winning connectivity platform, which connects enterprise data and applications and serves up APIs at cloud speed.
“The inescapable shift towards big data infrastructure and cloud applications in the enterprise presents a tremendous opportunity for a new approach to data connectivity and self-service,” said Frank Artale, Managing Partner at Ignition Partners. “SnapLogic’s modern approach to data access, shaping and streaming positions the company well to capitalize on a tremendous market opportunity.”
“Our unified platform significantly speeds up enterprise data access everywhere,” said Gaurav Dhillon, CEO at SnapLogic. “As we disrupt legacy approaches to data and application integration with a game-changing connectivity platform built for the $500 billion market opportunity around Cloud, Big Data and the Internet of Things, this round of financing powers our expansion into big new territories and markets.”
