SnapLogic, the US-based developer of a platform to connect cloud-based applications, closed a $37.5m series E round backed by software producer Microsoft on Thursday.
Silver Lake Waterman, the growth capital arm of investment firm Silver Lake, and venture capital firms Andreessen Horowitz, Ignition Partners and Triangle Peak Partners also participated in the round.
Founded in 2006 as Brown Fox Software, SnapLogic has developed software that gives businesses a unified interface to access a vast range of applications, such as cloud-based software, big data, social media and online storage.
The company, which has raised $97.5m to date, will use the funding to accelerate growth and increase its international expansion efforts.
SnapLogic’s shareholders also include H Barton Asset Management, Pharus Capital Management, Floodgate, Dhillon Capital, Maples Investments, Naval Ravikant, who is co-founder of investment platform AngelList, and Brian McClendon, then a vice-president at diversified conglomerate Alphabet.
Gaurav Dhillon, founder and CEO of SnapLogic, said: “SnapLogic was first to see that a fresh, new approach to connect data, apps and the internet of things was needed for the modern enterprise.
“Our vision and our mission is to connect anything, anytime, anywhere. This new round of funding allows us to continue to build on our momentum and capitalise on the $500bn cloud, big data and internet of things market opportunity.”