It’s my pleasure to share that SnapLogic has been recognized as a Leader in the Fall 2019 G2Crowd Grid reports for both iPaaS and Big Data Integration. G2Crowd produces these reports every quarter by benchmarking customers’ product reviews and various publicly available metrics on company growth like Twitter mentions and headcount on LinkedIn. Since debuting as a Leader three quarters ago and steadily moving further up and to the right in both Grids, it’s validating that we continue to garner such positive customer feedback.
Below is a small collection of customer reviews that published this past quarter, and you’ll notice they span integration needs like app integration, ETL, API management and improving self-service. But if you look at the company size for each of these reviews you’ll see nearly every one consists of 1,000 employees or more, meaning that large enterprises depend on us for their complex integrations. Marrying the breadth of problems our iPaaS can solve at an enterprise-grade scale has been part of our secret sauce for years.
And our placement in these reports is just another feather in our cap in what has been a whirlwind of recent activity and success. Just earlier this week we announced SnapLogic raised $72 million in growth financing to bolster our market leadership and accelerate global expansion for the $30 billion integration market. The new round was led by Arrowroot Capital, a leading US growth equity firm specializing in B2B SaaS, and joined by Golub Capital and existing investors. In August we issued our quarterly product release, adding better productivity, deeper insights, a new API developer portal and new big data processing for customers building data lakes on Azure Databricks. And also in August, we debuted as a Leader in Gartner’s Magic Quadrant for Data Integration Tools, 2019, adding to our long-standing leadership in Gartner’s iPaaS Magic Quadrant and Leadership in Forrester’s iPaaS and HIP Wave.
We’ll have more exciting developments to share as we all race to the end of the year, so please stay tuned to our blog for all our developments.