Zluri Raises $20 Million in Series B

by Kay Aloha Villamor

Zluri, a San Francisco, CA-based SaaS operations (SaaSOps) platform, raised $20 million in Series B funding, bringing its total raised to $32 million in venture funding since 2020.

The round was led by Lightspeed, with participation from existing investors such as MassMutual Ventures, Endiya Partners, and Kalaari Capital.

The company plans to utilize the funds to drive its growth across North America and expand into the European market. Zluri intends to strengthen its presence in strategic markets by expanding its go-to-market teams in North America and Europe.

Zluri provides a comprehensive SaaSOps platform that enables companies to discover, manage, optimize, secure, and automate their SaaS applications from a single dashboard. Zluri's platform also includes an Identity Governance tool that streamlines on/offboarding, access request management, and access audits.

“The Enterprise SaaS consumption trends have led to under utilized licenses, compromised security, ineffective governance and overall suboptimal management of SaaS stacks for IT and Security Teams,” commented Ritish Reddy, Co-Founder of Zluri. “We have fearlessly been building Zluri to scale for the needs of our community and have added a range of features to protect these companies and help them grow. Having launched and scaled our discovery engine in 2020 to help companies understand their SaaS stacks better, we have since launched an identity governance tool to manage access and now are launching the Zluri co-pilot to help enable faster workflows.”

This funding round will enable the company to accelerate its growth, enhance its SaaSOps platform with generative AI capabilities in enterprise SaaSOps with Zluri’s CoPilot, expand its global presence, and further support its customers in managing and securing their SaaS applications.

Company: Zluri Technologies Pvt. Ltd.

Raised: $20.0M

Round: Series B

Funding Month: July 2023

Lead Investors: Lightspeed

Additional Investors: MassMutual Ventures, Endiya Partners, and Kalaari Capital

Company Website: https://www.zluri.com/

Software Category: SaaS Management Software

About the Company: Zluri is a cloud-native SaaSOps platform enabling modern enterprises with SaaS Management and Identity Governance. Zluri empowers IT and Security teams to gain visibility into their SaaS landscape, unlock recurring savings, & securely govern access with provisioning and de-provisioning. Zluri’s technology is powered by a deep discovery engine, in-built iPaaS, and it's evolving AI, enabling companies to easily navigate and control complex SaaS ecosystems. The company's mission is to accelerate the world’s transition to SaaS. Zluri works with over 250 customers globally, including well-known companies like Monday.com, Tipalti, Whoop, Catapult Sports, Razorpay, Smartnews, Amagi, Daxko, and Traveloka.

Source: https://www.zluri.com/blog/series-b-funding/


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