SnapLogic, which helps companies integrate and automate disparate apps and data, raises $165M at a $1B valuation led by Sixth Street Growth
Context & Ripple Effects
SnapLogic has been raising steadily through the last decade — a $37.5M round backed by Microsoft and Silver Lake Waterman in 2015, a $40M Series F led by Vitruvian Partners in 2016 — but the step-change came in 2019, when it pulled in $72M from Arrowroot Capital at an estimated $372M post-money. Today's $165M at a $1B valuation, led by Sixth Street Growth, roughly triples that mark and brings total funding past $370M.
The round also marks a shift in who writes the checks: after private equity and corporate names, a dedicated growth fund now leads, which typically signals a company being positioned for scale rather than another early stage. It lands in a category where big checks are already flowing — business-process automation peer Signavio raised $177M led by Apax Digital two years earlier.
First-order effects
- SnapLogic gains a large war chest to expand its app-and-data integration and automation platform, with Sixth Street Growth taking a lead role at a $1B valuation — a near-tripling of its 2019 post-money mark.
- Sixth Street Growth adds SnapLogic to its portfolio, betting on the integration layer as enterprises keep adding disparate cloud apps that need connecting.
Second-order effects
- Rivals in integration and process automation — the space Signavio raised $177M into — now compete against a better-capitalized SnapLogic on sales capacity and platform breadth, pressuring them toward their own large growth rounds or consolidation.
- Growth investors like Sixth Street validating the category at unicorn valuations raises the price of later-stage deals across the integration/automation market.
Third-order effects
- If funding keeps concentrating here, the integration layer hardens into a strategic control point between enterprise apps and data — whoever owns the connections captures the workflows running across them.
- A sustained pattern of nine-figure rounds for integration platforms points toward consolidation, with well-funded players absorbing smaller tools rather than enterprises stitching together point solutions.
The trend: Enterprise integration and automation platforms are drawing ever-larger growth-stage checks as they position themselves as the connective tissue of multi-cloud stacks.