Digital transformation continues to drive innovation across almost every industry, and application management and data integration are playing a key role in making significant automation advancements. Many organizations are turning to Integration Platform as a Service (iPaaS) solutions—suites of cloud services that enable organizations to develop, execute, and govern integration flows between disparate apps. Based in San Mateo, California, SnapLogic offers an application management and data integration platform for on-premises or cloud-based data and process flow acceleration. With hyper-automation on the rise in more and more enterprises, SnapLogic is poised to make the most of a growing industry that could eclipse $2 billion dollars in 2025.
With the wind at its sails, SnapLogic recently secured $165 million dollars in growth funding at a $1 billion post-money valuation. The round was led by Sixth Street Growth, with other investors undisclosed; previous investors include Arrowroot Capital, Golub Capital, Andreessen Horowitz, CapitalOne, and Microsoft, among more. The company has now raised a total of $371 million to date and plans to use the capital to continue expanding its product, especially the AI that underpins how its platform works, and for further overall business development. SnapLogic, a roughly 300-person company, boasts such high-profile customers as Adobe, Qualtrics, Schneider Electric, and Workday.