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SnapLogic Secures $72 Million To Drive Global Expansion

The cloud-based integration market heats up as enterprise increasingly adopt multiple SaaS solutions and hybrid cloud environments

Integration standout SnapLogic closed a $72 million funding round Wednesday that will provide the capital needed to fuel its global expansion.

The San Mateo, Calif.-based iPaaS vendor's latest round was led by private equity firm Arrowroot Capital. The company, founded in 2006, had previously raised more than $136 million.

As enterprises adopt multiple Software-as-a-Service solutions and increasingly heterogenous IT environments, cloud-based integration is becoming an ultra-competitive market.

[Related: The Coolest Big Data Management And Integration Software Of The 2019 Big Data 100]

Industry giants like Oracle, IBM and Dell Boomi are major SnapLogic competitors, as are Salesforce and TIBCO, thanks to last year's acquisitions of MuleSoft and Scribe Software, respectively.

SnapLogic's integration Platform-as-a-Service (iPaaS) tools are used to connect SaaS applications and on-premises data sources. The SnapLogic Intelligent Integration Platform facilitates data flows between applications, databases, data warehouses, big data streams and IoT networks.

The company has focused on differentiating its platform with ease-of-use and self-service capabilities by leveraging artificial intelligence to automate functionality.

“This latest investment is a testament to the hard work and ongoing support of our customers, partners, and employees around the world. Together, we’ll continue to chart the way forward, making integration even faster and easier so enterprises can realize their data-driven ambitions,” SnapLogic CEO Gaurav Dhillon said in a prepared statement.

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