SaaS management platform Zluri has successfully secured $20 million in a Series B funding round, bringing the total raised by the company to $32 million. The investment was led by Lightspeed and saw participation from existing investors Endiya Partners, Kalaari Capital, and MassMutual Ventures.
Founded in 2020, Zluri, based in the US, offers organizations a centralized dashboard to manage SaaS applications, optimize costs, and mitigate associated risks.
Zluri’s SaaS operations (SaaSOps) platform provides comprehensive SaaS management and cloud-first identity governance, enabling organizations to identify their entire software stack, track application usage, and ensure compliance while avoiding shadow IT.
The platform also supports automated onboarding and offboarding processes, delivers personalized recommendations for new employees, and offers real-time notifications for changes in the application ecosystem. With the recent funding, Zluri aims to expand the generative AI capabilities of its SaaSOps platform and scale its go-to-market teams in North America and Europe to further grow its market presence.
Zluri’s co-founder, Ritish Reddy, highlighted how enterprise SaaS consumption trends have led to issues such as under-utilized licenses, compromised security, and ineffective governance for IT and security teams.
By continuously building and enhancing the Zluri platform, the company aims to protect businesses and help them thrive in the ever-evolving SaaS landscape. The funding will support Zluri’s mission to provide organizations with the tools and features necessary to optimize their SaaS stacks and achieve better management and security across their software applications.