INSUBCONTINENT EXCLUSIVE:
Cloud services and the adoption of apps that rely on them continue to grow in popularity, but a persistent theme in enterprise technology
has been that a lot of organizations still continue to use legacy software and architectures, for reasons of cost, migration headaches and
which has built an integration platform that lets enterprises bring in and integrate both legacy and cloud apps to better monitor them and
let them work together, has closed $72 million in growth financing, money that it will be using to expand its business globally
We are checking with Snaplogic to see if it can confirm those numbers directly.This latest round, which brings the total raised by Snaplogic
Past investors are an illustrious group that has included a mix of financial and strategic backers such as Andreessen Horowitz, Vitruvian
(which led its previous round), Capital One, Ignition Parnters, Microsoft and a number of others.The company is not disclosing how big its
customer base is currently
In its last round in 2016, it had grown to 700 enterprises, adding 300 in just one year, which was an especially big amount of growth
Current customers feature a number of big names like Adobe, Verizon (which owns TechCrunch), AstraZeneca, Bristol-Myers Squibb, Emirates,
It describes the bigger integration market as a $30 billion opportunity.The defining characteristic in that list is that these are
businesses that pre-date the big cloud revolution, and so they are more likely than not grappling with a mix of new and legacy apps that
need to be balanced against one another, brought together in some instances to work together and harnessed in terms of their data to help in
This latest investment is a testament to the hard work and ongoing support of our customers, partners, and employees around the world
businesses that are still using old kit and older software to give them the ability to take advantage of new innovations in computing and
how to use their bigger pool of data
Others include Workato (which itself has raised money in the last year), MuleSoft (now a part of Salesforce) and Microsoft itself, and in
and managing partner at Arrowroot Capital, in a statement
As SnapLogic sets its sights on continued product leadership and global expansion, we look forward to partnering with them to help get their
