Data and App Integrator SnapLogic Raises $165m

In the US, data and application integration specialist SnapLogic has raised $165m at a billion-dollar valuation, which it will use to expand its venture-backed 'war chest', and for international expansion, product innovation, and sales and marketing.

SnapLogic's self-service, AI-powered integration platform helps clients connect apps and data sources across the enterprise, to improve business processes, automate common workflows, and deliver tailored experiences for customers, partners and employees.

New funding has been led by Sixth Street Growth, whose Partner and co-Head Michael McGinn comments: 'SnapLogic's seasoned management team, sound economic model, and sustainable growth plan put it in a great position to capitalize on the thriving enterprise automation sector and expanding hybrid workplace trends. We are pleased to lead this funding round and partner with SnapLogic to bring its market vision, unmatched platform, and robust partnerships to more enterprises around the world'.

The firm, which is led by CEO Gaurav Dhillon (pictured), is online at www.snaplogic.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.