SnapLogic, a leader in enterprise automation, has raised $165 million at a valuation of $1 billion, leading the rapidly-growing enterprise automation market.
SnapLogic’s round of funding was led by Sorenson Capital, with returning investors Hewlett Packard Enterprise (HPE) and Microsoft also joining the round.
With this new infusion of funds, SnapLogic is well-positioned to lead the enterprise automation industry.
Let’s take a deeper look.
Overview of SnapLogic
SnapLogic, Inc. is an American cloud-based data integration and automation technology company founded in 2006 by Gaurav Dhillon. The company’s software is designed to allow organisations to transfer data between different systems quickly and securely. It provides products that integrate Enterprises’ data with applications, processes, analytics and machines. Additionally, the company offers specialised services for specific industries, such as digital healthcare, banking and finance and retail. The company’s valuation has reached $1 billion backed by their unique features and steady growth in their customer base.
SnapLogic’s Integration Platform includes Artificial Intelligence (AI)-augmented “smart pipes” that enable a self-service model for non-technical business users to handle orchestration tasks within their cloud estate. The platform automatically discovers connection points across all applications of various types; traditional app/database combinations and web services-based connections such as Salesforce APIs, where prior coding would otherwise be necessary. This makes it easier for users to transform their data pipelines without writing complex programs or scripts.
With SnapLogic’s platform leveraging the latest AI advancements they can further secure customers’ data exchanges while providing a unified user experience across managed formats (XML YAML JSON) etc., automated changes management (mapping) infrastructure logging & monitoring making SnapLogic one of the fastest growing alignment solutions in market now with its unprecedented metrics support like Cloud Data Catalogue Management Self Service Security Integrations Stream Processing & Complex Event Processing etc..
Overview of Enterprise Automation Market
Business automation is a rapidly growing market due to its ability to increase efficiency, reduce cost and improve customer service. From cloud services to robotic process automation (RPA), an expansive range of solutions can help organisations drive process modernisation, digital transformation and business agility.
Currently, the enterprise automation market size stands at US$38.6 billion and is expected to reach US$95 billion by 2026, with a CAGR of 12.38% during the forecast period from 2019-2026. This surge in demand represents both increased adoption from legacy systems organisations and considerable growth from improved resources and increased capability in digitally native start-ups.
SnapLogic provides Autonomic Data Pipeline Automation solutions that enable companies to build data pipelines quickly with AI-assisted design capabilities, execute them reliably with built-in monitoring mechanisms, and operate them cost-effectively in leading public cloud platforms such as Amazon Web Services (AWS). The company’s valuation was recently confirmed at over $1 billion through its forward purchase agreement with Insight Partners in May 2020.
SnapLogic Raises $165 Million at a $1 Billion Valuation to Lead the Surging Enterprise Automation Market
SnapLogic, a leader in enterprise automation and integration, has recently secured $165 million in Series G funding, raising its valuation to $1 billion.
This latest investment round comes amidst growing demand for enterprise automation motivated by remote working, digital transformation and the need for more agile data management.
This new funding for SnapLogic highlights the potential of enterprise automation, and the tremendous opportunities it can create for businesses.
Overview of SnapLogic’s $165 Million Funding Round
SnapLogic, a cloud-based data integration platform, announced the completion of its $165 million financing round. After this round, the company’s valuation is around $1 billion. Insight Partners and Acadia Woods Partners with participation from existing investors including Andreessen Horowitz and Microsoft M12 Ventures invested.
The funds will be used to expand SnapLogic’s product capabilities and its customer base. SnapLogic plans to open an office in Vancouver, adding to existing offices in San Francisco, India’s Hyderabad, Ireland’s Galway, and other locations across Europe and the US. The new funds will also help SnapLogic to strengthen its partner network.
SnapLogic’s platform enables customers to move data between their business applications quickly with cloud-native features such as metadata management, automation capabilities, artificial intelligence (AI)-powered Runtime Inference for Semantics (RISE), run-time negotiation of data governance rules using multi-dimensional intelligence and out of box connectors for 250+ sources & targets including databases & warehouses such as Teradata and MongoDB among many others. Its customers include notable names such as Allstate Insurance Company, Citibank Global Markets Italy Spain Experian Health.
The company values employee development highly and offers training opportunities through its ‘People First Program’ that focuses on career advancement and strengths & growth areas related training to its employees. With this program, over 4500 employees have been trained across multiple skill categories since 2018 in numerous regional offices worldwide including Hyderabad India. Over 500 employees enrolled in 2019 alone for multiple skill programs within the Data Integration space and other technology domains like AI/ML and Cloud Infrastructure Management.
SnapLogic’s Valuation at $1 Billion
SnapLogic is a cloud-based enterprise integration platform that unites data, applications and users to automate business processes and accelerate time to marketplace. The system has been widely successful and is valued at over $1 billion today.
The cloud-integration platform enables customers to connect legacy systems with public or private cloud applications such as Salesforce, ServiceNow, Amazon Web Services (AWS), Tableau, SAP HANA, Oracle Database and more. In addition, with its patent-pending hybrid web application integration technology — Snaps — SnapLogic makes it easy for enterprises to quickly automate their data processes across multiple applications.
In addition to the easy integration, the cloud-based system increases data processing performance by at least 10 times compared to traditional technologies. With its flexibility and scalability, businesses can save time in development cycles and increase customer response time drastically. Furthermore consumer databases can be kept up to date in real time with SnapLogic’s automated repeatable process through which integrated data flows are managed effectively.
With its patented technology serving businesses all over the world, SnapLogic has definitely been able to establish substantial ground in the cloud integration market which evidently has facilitated its current valuation at over $1 billion making it one of the most valuable corporate investments of recent times.
Impact of SnapLogic’s Valuation
SnapLogic’s valuation hitting $1 billion is a monumental milestone for the enterprise automation market and a sign of the growing importance of automation technology in enterprise.
This news marks a major milestone for SnapLogic and its customers, as the company’s increased funding and valuation will allow for further development of its enterprise automation solutions.
Let’s look at the impact of SnapLogic’s recent valuation.
SnapLogic’s Place in the Enterprise Automation Market
SnapLogic is a pioneer in the rapidly-evolving enterprise automation market. The company’s iconic Intelligent Automation Platform allows enterprises to integrate any mix of data, applications, and devices faster and with less effort than ever. By enabling enterprises to connect disparate systems quickly and securely, create sophisticated data pipelines, and make better decisions faster, SnapLogic has become a leader in this space. Its reputation for customer service is also a major factor in its success.
SnapLogic’s recent valuation at $1 billion highlights the company’s growing influence in the enterprise automation market. According to Kathleen McMahon, President of SnapLogic, “This latest milestone validates both our technology approach and our tremendous momentum in digital transformation”.
The growth potential is evident as enterprises increasingly move from manual processes to automated solutions that optimise operations through greater speed, visibility and agility. Already leading the way with its suite of 150+ pre-built connectors – including services that can help monitor performance metrics such as application logs – SnapLogic is well-positioned to capture more customers seeking increased efficiency. Additionally, it remains at the forefront of driving innovation by guiding customers towards optimising their hybrid cloud strategies.
The competitive landscape continues to heat up as larger software companies — such as Oracle — bring new products into the market that challenge traditional incumbents like Microsoft or IBM’s workflow tools. However, SnapLogic has weathered this disruption incredibly well by staying agile and continuing to innovate its Intelligent Automation Platform product suite with features like process modelling that enable customers to define how pipelines are set up automatically upon runtime or code testing which makes identifying coding issues easier before runtime stages begin. Additionally, as established players continue vying for mindshare among enterprise decision makers, SnapLogic’s ever-increasing valuations are testament not only to its leadership in enterprise automation technology but also how it continues adapting ahead of customer needs with purposeful innovation — positioning itself as one of the major powers powering digital transformation across businesses today.
Impact on the Market and Investors
SnapLogic is a powerhouse in the industry of cloud-based integration platforms. Its rise to a $1 billion valuation will likely impact both the tech market and investors.
The recent valuation recognizes SnapLogic’s strong development record, which includes major investments in AI, machine learning and natural language processing capabilities. It further achieves a milestone as it becomes one of only a handful of enterprise software companies with a billion-dollar price tag.
The company’s future will surely be watched closely by investors and rivals alike as it marks a barometer for the current state of integration platforms on the cloud. For investors, this also indicates that large firms are recognizing the importance of cloud services through such valuations. With many competitors entering this space, however, it remains to be seen how SnapLogic can maintain its lofty valuation.
This milestone serves as positive sentiment for all integration platforms utilising cloud services and will likely result in more investment from venture capitalists going toward similar companies within this sector. Looking ahead, we can expect further developments from SnapLogic and exciting changes happening in other integration platforms across the tech sector that will better serve customers and revolutionise business operations worldwide.