The commercial software company, SnapLogic, has announced that it has raked in $72 million in fresh funding. This will boost its market leadership and global ambitions. The round of funding was led by Arrowroot Capital. The round further saw the participation of Golub Capital and existing investors.
SnapLogic’s intelligent integration platform is used all around the world by the likes of Siemens, Adobe, AstraZeneca, Emirates, Sony, Wendy’s, Bristol-Myers Squibb, and Schneider Electric. These organizations rely on SnapLogic to connect all their enterprise systems swiftly. The platform also easily automates business processes, accelerate analytics, and drive transformation.
Matthew Safaii, Founder and Managing Partner at Arrowroot Capital said: “They’ve built an amazing product, work with an impressive roster of customers, and are led by an experienced executive team. As SnapLogic sets its sights on continued product leadership and global expansion, we look forward to partnering with them to help get their pioneering integration platform into the hands of even more enterprises around the globe.”
SnapLogic CEO Gaurav Dhillon said that the latest investment was a testament to the company’s hard work and support of customers, partners, and its employees. He further said that the company is looking forward to carry the same culture to help enterprises realize their data-driven ambitions.