customer list<\/a> is loaded with big name companies from investor Capital One to Del Monte and Kraft to Verizon (which owns this publication) to Adobe and Elon Musk\u2019s SolarCity.<\/p>\nCEO\u00a0Guarav Dhillon says he went back to the investment well to fund his company\u2019s\u00a0increasing global expansion \u2014 and because it\u2019s a prudent investment strategy. \u201cOur approach is to do successive up rounds with straightforward terms rather than chase a big slug with onerous terms. We built Informatica with just $13.5 million, so my approach is to raise funds as needed,\u201d he explained.<\/p>\n
As for going with Vitruvian as\u00a0lead investor, Dhillon says this was by design to help give them a foothold in Europe and build on their US investors from past rounds. \u201d We already have the best in the west (A16Z, Floodgate, Ignition, Microsoft, NextEquity, SilverLake and Triangle Peak). Vitruvian are forward-looking investors who can help us grow globally,\u201d he said.<\/p>\n
SnapLogic\u00a0produces what it calls \u201csnaps,\u201d which are essentially pre-designed connection packages\u00a0designed to link to various data sources. There are hundreds of snaps to connect to disparate data streams such as\u00a0SAP, Twitter, Workday, Salesforce and even machine protocols.<\/p>\n
The SnapLogic cloud service consists of a designer, manager and a dashboard for monitoring your snaps. The beauty of the approach is that you drag various snaps into the designer interface and you can build these connectors without coding.<\/p>\n
Photo: SnapLogic<\/p>\n
When a process touches multiple systems, getting the data to move between those systems is a huge challenge for companies. It\u2019s the pain point that SnapLogic is trying to solve \u2014 and it is obviously catching the attention of investors who have forked over more than $77 million in the last year to help them along.<\/p>\n
When a company is growing as quickly as SnapLogic, it requires bringing on new employees and that takes a cash infusion. The company plans to add additional sales, marketing and customer service as it continues to expand globally to meet its new customer demand.<\/p>\n
<\/p>\n
Featured Image: Warchi<\/a>\/Getty Images<\/small><\/p>\nArticle source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/K4u6ChrW548\/<\/p>","protected":false},"excerpt":{"rendered":"
SnapLogic solves a big problem for companies. It helps them connect legacy data sources to the cloud or to an in-house data lake. Today, it announced a $40 million round, <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-2082","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t
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