Big Data Connectivity Platform Speeds and Simplifies Modern Enterprise Data Management to Capitalize on a $500 Billion Market Opportunity
SAN MATEO, Calif. — October 21, 2014 — SnapLogic, the Elastic Integration company, 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.”
Growing Momentum for the SnapLogic Elastic Integration Platform
SnapLogic recently announced its Fall 2014 release, which introduced big data wrangling and major SnapReduce enhancements for Hadoop 2.0 deployments. The platform has been certified by Hortonworks and Cloudera and SnapLogic recently announced plans to add native support for Apache Spark in upcoming releases. Companies such as Adobe, Acxiom, Blackberry, CapitalOne, Cisco, iRobot, Netflix, News Corp., Rocket Fuel, Target Stores, Yelp and Xactly are among the innovators who’ve already adopted this new approach to enterprise data management.
SnapLogic connects enterprise data and applications in the cloud and on-premises for faster decision-making and improved business agility. With the SnapLogic Elastic Integration Platform, organizations can more quickly and affordably accelerate the “cloudification” of enterprise IT with fast, multi-point and modern connectivity of data, applications and things. Funded by leading venture investors, including Andreessen Horowitz and Ignition Partners, and co-founded by Gaurav Dhillon, co-founder and former CEO of Informatica, SnapLogic is utilized by prominent companies in the Global 2000.