SaaS Management Platform Zluri Raises $10M In Series A Round
Zluri, a SaaS management platform, has raised $10 million in a Series A round of funding led by MassMutual Ventures. The funding round saw participation from existing investors Endiya Partners and Kalaari Capital.
As per the startup, it will use the raised capital to continue its growth momentum and further strengthen its product’s capabilities. Zluri plans to double down the teams in core markets in Asia and North America.
Zluri | Enterprise SaaS Management Platform
Founded by Ritish Reddy, Sethu Meenakshisundaram and Chaithanya Yambari in 2020, Zluri is an enterprise SaaS Management Platform (SMP) that helps companies discover, manage and optimize their SaaS stack from a single dashboard.
Recently, Zluri has been awarded G2 High Performer Winter 2022 and Most Recommended tool in the SaaS Management Platform category by Software Advice for 2021.
Speaking on the development, Ritish Reddy, Co-founder of Zluri, said,
“Over the last 12 months, we have seen global adoption of SaaS management platforms increase at an accelerated pace. Our rapid growth in the category can be attributed to our product innovation and unparalleled customer support. We have made significant investments into our one-click automation engine, which helps IT Teams streamline and automate workflows across the organisation, thus helping them manage, optimise, and secure their technology stacks effectively.”
Zluri would continue its investments to extend its lead in this space, and the current round of funding will help it further accelerate its global growth and product innovation, added Ritish.
In January 2021, the startup raised $2 million from Endiya Partners and Kalaari Capital in its seed round. The SaaS management platform claims to have added over 100 new customers from North American and Asian markets in the past year. It includes large brands such as Chargebee, Moengage, Guesty and Whatfix as its customers.
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