
SnapLogic raises $10 Million in Series B Funding
By SI Team


Founded in 2006, the company is led by Gaurav Dhillon who was the former CEO of data integration giant Informatica (now a public company with market cap of $4.1 billion). Like Salesforces customer relationship management (CRM) software and Google Apps, SnapLogic also runs an app store that provides connectivity software for various cloud applications. It helps in the transfer of data effectively between those cloud applications and makes sure definitions are the same across multiple applications.
The developer community has strength of about 50 developers who publish applications to SnapLogics app store. The revenue sharing model is the same as other app stores with 70 percent reaching the developers and 30 percent remaining with SnapLogic.
The company previously raised $4.8 million in funding from several high-profile investors, including Andreessen-Horowitz and Floodgate. The company presently runs with 30 employees.