With the meteoric rise of SaaS (Software as a Service) applications utilisation by large enterprises, Santa Clara and Bangalore-based Zluri, a robust SaaSOps (SaaS Operations) platform, is stepping up to the plate. They aim to assist companies in managing their expansive SaaS estates and mitigating potential risks.
Zluri announced today that it has secured a hefty $20m in a series B funding round. The round was headed by investment firm Lightspeed, with significant participation from MassMutual Ventures, Endiya Partners, and Kalaari Capital. This latest funding brings Zluri’s total venture funding to $32m since its inception in 2020.
Zluri offers a comprehensive SaaSOps platform catering to IT teams, helping companies discover, manage, optimise, secure, and automate their SaaS applications from a single dashboard. In response to the ever-growing complexity of SaaS operations brought about by swift cloud adoption, increased remote workforce distribution, and generative AI, Zluri has developed tools to streamline access management and aid faster workflows.
The newly acquired funding will be utilised to augment the generative AI capabilities of Zluri’s CoPilot, an intelligent assistant that enhances efficiency and productivity across enterprises using no-code workflows. Zluri’s CoPilot utilises a custom-built large language model trained on billions of data points across a wide range of attributes.
Additionally, Zluri intends to use the fresh capital to bolster its global footprint, specifically by scaling its go-to-market teams in North America and Europe. It also aims to deepen customer engagement, forge new partnerships, and stimulate innovation in the realm of SaaS management and Identity governance.
Zluri, with over 250 global customers including the likes of Monday.com, Tipalti, and Razorpay, has consistently broadened its scope since its previous Series A funding in January 2022. Zluri has doubled its team size, established an office in California, and expanded its product range to cater to both enterprises and mid-market companies.
In a statement, Lightspeed Partner Dev Khare extolled Zluri’s capabilities saying, “We are excited to partner with the Zluri team as they revolutionise SaaS management and identity governance for large enterprises and mid-market firms in the US and globally. They have demonstrated strong market traction, driven by an innovative architecture addressing the twin drivers of cybersecurity and pressure on IT to reduce cost.”
Meanwhile, Kyle Hitchcock, Head of IT at ARC Group, praised Zluri’s influence on their operations stating, “Zluri has enabled us to understand usage and uncover shadow IT so that we can understand which tools are being used per capability. They have also helped us cross reference our spends against usage which helps us determine which SaaS apps are giving the most business value.”
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