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SnapLogic, a provider of software that connects cloud applications, got a pretty strong vote of confidence today — investing titan Ben Horowitz of Andreessen-Horowitz has joined the company’s board as part of a $10 million fundraising round.
The round was dominated by Andreessen-Horowitz, with Floodgate also participating to an auxiliary extent, according to SnapLogic CEO Gaurav Dhillon. VentureBeat reported a while earlier that SnapLogic had raised $10 million in a funding round that included Andreessen-Horowitz — one of the largest and most well-known investment firms in the valley. There wasn’t any indication of who led the round, though.
It was likely Dhillon’s hand that brought Andreessen-Horowitz into the discussion. Dhillon is the former CEO of data integration giant Informatica, which is now a public company with a market cap of $4.1 billion. Dhillon said he and Horowitz have some history when it comes to investment rounds. The funding will be used to expand internationally and help expand the team’s marketing branch.
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.
Today, there are around 60 “snaps” — basically 60 applications that connect cloud applications. That means SnapLogic can manage about 1,800 (60^2) total connections. The company has some pretty high-profile companies as clients, such as cloud music radio provider Pandora.
The company previously raised $4.8 million in funding from a number of high-profile investors, including Andreessen Horowitz and Floodgate. Epinions co-founder Naval Ravikant also participated in the round. The San Mateo, Calif.-based company has around 30 employees.
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