Tech

SaaS management platform Zluri raises $ 10 million in a Series A round led by Mass Mutual Ventures

Zluri, a SaaS management platform, has raised $ 10 million in a Series A round of funding led by Mass Mutual Ventures with the participation of existing investors, Endiya Partners, and Kalaari Capital. Zluri had previously raised $ 2 million from Endiya Partners and Kalaari Capital in the January 2021 seed round. The company plans to use additional capital to continue its growth momentum and further enhance its product capabilities. The company plans to double its team in core markets in Asia and North America.

Today, companies around the world are adopting SaaS applications. Purchasing SaaS applications is easy, but given the amount of SaaS tools they employ, managing these applications is a major challenge for the enterprise. The use and utilization of these investments remains a challenge while IT spending is increasing on these tools.

Zluri’s comprehensive SaaS management platform for IT teams helps enterprises discover, manage, optimize, protect and automate SaaS applications from a single dashboard. Zluri returns the IT team to control of the new SaaS landscape. Zluri features the industry’s most comprehensive application detection engine and the largest library of over 600 detailed direct integrations.

Zluri has added more than 100 new customers from the North American and Asian markets over the past year, including major brands such as Chargebee, MoEngage, Guesty and Whatfix. Zluri was recently awarded the most recommended tool in the G2 High Performer Winter 2022 and SaaS Management Platform categories from the 2021 Software Advice.

Zluri was founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari. All three co-founders have worked together for quite some time at Knolskape and have a deep and common passion for establishing and expanding the company.

Zluri, co-founder, Ritish ReddyStates: “We welcome Mass Mutual Ventures as a new partner through this Series A funding. Over the last 12 months, the global adoption of SaaS management platforms has been accelerating. Our rapid growth in this category. Growth can be attributed to our product innovation and unmatched customer support. We have made a significant investment in a one-click automation engine that allows IT teams to streamline and automate workflows across the organization. You can effectively manage, optimize, and protect your technology stack. We continue to invest in expanding our lead in this area, and our current funding round is global growth and product It helps to further accelerate innovation. “

Anvesh Ramineni, Managing Director of MassMutual VenturesIn addition, “Organizing SaaS applications within your organization and helping you maximize ROI with ever-increasing SaaS spending is a major issue statement that requires significant operational effort by your IT team. With a leading SaaS management platform, Zluri is in a position to help make this possible across the enterprise. We are very pleased to be able to support the Ritish, Sethu, Chaithanya and Zluri teams and globally in this category. We look forward to supporting their vision of developing leaders. “

“SaaS adoption has grown exponentially in the post-pandemic world of corporate digitization across Southeast Asia, MENA and the APAC region, providing great opportunities for SaaS management players to offer best-in-class products. Zluri will undoubtedly emerge as a category leader in the region and the global market and will take pole positions in the near future. ” Sateesh Andra, Managing Director of Endiya Partners..

“Ritish, Sethu, and Chaithanya show excellent performance in one of SaaS’s fastest-growing subsectors. They have a deep understanding of the challenges companies face when managing software spending. And have a product-first approach to solving the problem. I’m very excited about the possibility that Zluri has been shown to be the leader in the SaaS management space. ” Vanicola, the capital of Karaari..



SaaS management platform Zluri raises $ 10 million in a Series A round led by Mass Mutual Ventures

Source link SaaS management platform Zluri raises $ 10 million in a Series A round led by Mass Mutual Ventures

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