DEVOPSdigest

SnapLogic raised $165 million at a billion dollar valuation.

This latest round was led by Sixth Street Growth, which will join the SnapLogic board. The funds, which augment SnapLogic’s venture-backed war chest, will be used to speed international expansion, product innovation, and sales and marketing.

SnapLogic works with thousands of IT and business leaders from enterprise customers in over a dozen countries.

“The enterprise automation market is booming, and our latest funding is further validation of our growing momentum and product leadership in that space,” said Gaurav Dhillon, CEO of SnapLogic and an acclaimed pioneer of the data management industry. “Unlike point-to-point players, our focus on the enterprise will unlock the power of applications, data, and APIs. In the post-pandemic era, our customers will use AI and automation to revolutionize their hybrid workforces. With SnapLogic, hybrid- and multi-cloud enterprises can ensure their massive investments in public and private clouds, SaaS, cloud data warehousing, and APIs will pay off.”

“Modern enterprises are democratizing access to data and applications and empowering business teams to use low-code, self-service technologies to build the solutions they need to work better and faster,” said Michael McGinn, Partner and Co-Head of Sixth Street Growth. “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...”