SaaS Management Platform Zluri Raises $20 Mn In Series B Round
Zluri, a SaaS Operations (SaaSOps) platform, has raised $20 million in a Series B funding round led by Lightspeed. The round also saw participation from existing investors, including MassMutual Ventures, Endiya Partners and Kalaari Capital.
As per the startup, the freshly raised funds will help expand its Generative AI capabilities in enterprise SaaSOps with Zluri’s CoPilot, an intelligent assistant to boost efficiency and productivity across enterprises using no-code workflows.
Zluri | Cloud-native SaaSOps Platform
Founded by Ritish Reddy, Sethu Meenakshisundaram, and Chaithanya Yambari in 2020, Zluri is a cloud-native SaaSOps platform enabling modern enterprises with SaaS Management and Identity Governance.
Offering a centralized dashboard, the SaaSOps platform empowers IT and Security teams to gain visibility into their SaaS landscape. It helps in managing, optimizing, and automating their SaaS applications, unlocking recurring savings, & securely governing access with provisioning and de-provisioning.
As per the startup, its technology is powered by a deep discovery engine, in-built iPaas and an evolving AI, enabling companies to easily navigate & control complex SaaS ecosystems. The startup has built a custom large language model (LLM) trained on billions of data points encompassing a wide range of attributes.
With the raised funds, Zluri plans to expand its presence in North America and Europe. This expansion strategy reflects its ambition to tap into new markets, reach a wider customer base, and capitalize on the growing demand for SaaS management solutions globally.
The SaaS Operations platform has established a strong customer base with more than 250 clients globally. Some notable firms that have partnered with Zluri include Razorpay, Amagi, Monday.com, Tipalti, Whoop, Catapult Sports, Smartnews, and many others.
Commenting on the development, Dev Khare, Partner at Lightspeed, said,
“We are excited to partner with the Zluri team as they revolutionize 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.”
With this funding round, the firm has now raised $32 million in total venture funding since 2020. In January 2022, Zluri raised $10 million in a Series A funding round led by MassMutual Ventures.
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