SnapLogic Closes $2.3 Million Funding

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SOURCE: SnapLogic

Oct 29, 2009 07:00 ET

DataFlow Pioneer SnapLogic Closes $2.3 Million Series A Financing; Informatica Founder Gaurav Dhillon Named CEO
Andreessen Horowitz and Maples Investments Join Brian McClendon and Naval Ravikant in the First Outside Financing Round for SnapLogic

SAN MATEO, CA--(Marketwire - October 29, 2009) - SnapLogic, the DataFlow pioneer, announced today that it has closed a $2.3 million Series A round of venture capital financing. The investors included Andreessen Horowitz, Maples Investments, Google engineering vice president Brian McClendon, and Vast chairman and Epinions co-founder Naval Ravikant. The new funds will be used to continue development of the company's pioneering DataFlow platform for on-demand data integration. The company also announced that Gaurav Dhillon, co-founder of SnapLogic and a founder and the former chief executive officer of data integration leader Informatica Corporation, has been named chief executive officer of SnapLogic.

"The SnapLogic DataFlow platform is the future of data integration, making business data available when and where it's needed, flexibly and simply," said Ravikant. "I'm looking forward to working with Gaurav and the SnapLogic team as they take data integration beyond batch-oriented approaches and into the new realm of on-demand data flow."

SnapLogic DataFlow uses Web technology to provide an open, scalable, and extensible data integration platform. It provides organizations of all sizes with the most complete, flexible, and cost-effective solution for on-demand data integration. SnapLogic DataFlow can read from and write to any data source, easily integrating data from SaaS applications, the Web, databases, files, and on-premise applications. Extensions for integrating data from NetSuite, SalesForce, SugarCRM, Twitter, and more are available now. More information is available SnapLogic - Products.

"This round of investment from Internet veterans Marc Andreessen, Mike Maples, Brian McClendon, and Naval Ravikant is a gratifying endorsement of SnapLogic's mission and approach," said Dhillon. "The growth of Web data is rapidly changing the volume, composition, uses, and storage of business data, and the requirements for data integration are changing in lock-step. I'm excited to roll up my sleeves and step into a full-time leadership role at SnapLogic at this time of market acceleration and the rise of a new age of data integration."

Dhillon co-founded SnapLogic in 2006, provided seed capital, and served as the company's chairman since inception.
Prior to that, he was chief executive officer at Informatica, which he co-founded in 1992. As its first employee, he systematically grew Informatica from a startup idea to a leading software enterprise with customers and operations around the world. As the chief executive, Dhillon led Informatica through its initial launch, its successful initial public offering (IPO), and its expansion to Europe and Asia. And, by the time he left in 2004, he gained industry-wide recognition of his pioneering vision for data integration. Prior to founding Informatica, Dhillon held management and engineering positions at Sterling Software and Unisys Corporation.

About SnapLogic

SnapLogic advances the data integration market with its innovative DataFlow platform, open architecture, and simple subscription business model. The DataFlow platform connects to almost any SaaS, cloud, or Web computing application via open connectors and data pipelines, providing information as a utility to business users and applications. SnapLogic was founded in 2006 by data integration pioneers and is headquartered in San Mateo, Calif. For more information, please visit SnapLogic - The DataFlow Company or call (650) 525-3540.

Media Contact:

Paige Schoknecht
Prequent, Inc. (for SnapLogic)
paige@prequent.com
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