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Venture Capital News: SnapLogic Closes $20M Series C Round

          
SAN MATEO, CA, Leader in enterprise cloud integration, today announced it has closed a $20 million Series C funding round led by new investor Ignition Partners.
Click here for more funding data on SnapLogic
SnapLogic, the leader in enterprise cloud integration, today announced it has closed a $20 million Series C funding round led by new investor Ignition Partners, joined by Triangle Peak Partners and existing investors Andreessen Horowitz. SnapLogic will use the capital to accelerate its aggressive growth and momentum in the enterprise cloud computing space.

This milestone highlights SnapLogic's success in becoming a new enterprise standard for Global 2000 companies. As these enterprises rapidly adopt new cloud and SaaS applications, SnapLogic helps them integrate the cloud quickly while also ensuring interoperability across a complex range of on-premise legacy applications. SnapLogic counts some of the world's most successful enterprises as its customers, including the U.S. federal government and top industry leaders in multimedia game publishing, industrial goods, network broadcasting, consumer electronics retailing, casual dining and Internet radio.

"SnapLogic sits at the critical junction of two of the biggest trends in technology today: cloud computing and big data," said Frank Artale, general partner at Ignition Partners. "No enterprise can fully harness big data without a scalable integration platform that combines data from both its cloud and on-premise applications. We're excited to support SnapLogic in creating a new generation of integration by bringing the scale and flexibility of the cloud together with the power and sophistication of enterprise applications."

"2012 is shaping up to be a spectacular year for SnapLogic, with leading enterprises around the world joining our customer ranks," said Gaurav Dhillon, chairman and CEO of SnapLogic. "This investment validates our achievements, and the huge opportunity we see for a flexible enterprise cloud integration platform to on-board cloud applications and connect them with mission-critical, on-premise applications and data."

SnapLogic has now raised a total of $32.5 million from Andreessen Horowitz, Maples Investments, Hit Forge, Triangle Peak Partners and angel investors. Frank Artale of Ignition Partners will join SnapLogic's board of directors, which includes Gaurav Dhillon and Ben Horowitz, co-founder and general partner at Andreessen Horowitz.

"We continue to be impressed by the strong momentum SnapLogic is gaining as it moves forward a new vision for enterprise integration," said Ben Horowitz, co-founder and general partner at Andreessen Horowitz. "Gaurav pioneered this industry years ago with Informatica, and is reinventing it today with SnapLogic's innovative cloud architecture and the ability to containerize all kinds of data through its ubiquitous Snaps."

About SnapLogic SnapLogic is the leader in enterprise cloud integration, transforming how companies connect business applications, both on premise and in the cloud. With the SnapLogic Integration Platform, organizations can connect any combination of applications or data sources, while achieving radically better performance and lower costs than possible with traditional integration solutions. SnapLogic's future-proofed integration infrastructure and SnapStore scale easily and integrate data quickly via a drag and drop visual designer, over 150 intelligent connectors (called Snaps), and robust APIs.

Based in San Mateo, Calif., SnapLogic's products are used by prominent companies in the Global 2000. SnapLogic is funded by leading venture investors, including Andreessen Horowitz and Ignition Partners. For more information, call +1.888.494.1570 or visit www.snaplogic.com .
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