SnapLogic raises $10 Million in a Series B funding
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San Francisco: SnapLogic, a San Francisco based startup, which makes software 'connectors' that help developers integrate cloud-based applications and services, said that it has raised $10 million in Series B financing in a round led by previous investor Andreessen Horowitz. General partner Ben Horowitz has joined SnapLogic's board. The startup said in a statement that the funds would help it to invest in additional product innovation, grow the sales and marketing organization, and expand into the European market. Gaurav Dhillon, the former CEO of data integration giant Informatica, is the current CEO of SnapLogic and it is perceived that Dhillon's hand has brought Andreessen-Horowitz into the discussion. SnapLogic runs an app store that provides connectivity software for various cloud applications, like Salesforce's customer relationship management (CRM) software and Google Apps. It helps transfer data effectively between those cloud applications and makes sure definitions are the same across multiple applications. The developer community has around 50 developers that publish applications to SnapLogic's app store. The revenue sharing model is the same as other app stores - 70 percent goes to developers, and 30 percent goes to SnapLogic.

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