Zluri a startup in SaaS management, raises $20 million in a Series B round led by Lightspeed
SaaS management startup Zluri has successfully raised $20 million in a Series B funding round led by Lightspeed, with participation from existing investors including MassMutual Ventures, Endiya Partners, and Kalaari Capital. This latest funding will be utilized by Zluri to further develop its technology and strengthen its market presence in North America and Europe.
Founded in 2020 and headquartered in San Francisco and Bengaluru, Zluri has now raised a cumulative total of $32 million. Earlier, in January 2022, the startup secured $10 million in a Series A round. Zluri plans to leverage the latest funding to enhance its Generative AI capabilities in the enterprise SaaS operations space. The company has created a custom large language (LLM) model trained on vast amounts of data, encompassing various attributes.
Additionally, Zluri aims to expand its go-to-market teams in North America and Europe, focusing on bolstering its position in these key markets. The startup highlights the challenges faced by large companies that typically utilize over 1,100 SaaS applications for their operations. Zluri’s SaaS operations platform for IT teams offers a centralized dashboard to help companies discover, manage, optimize, secure, and automate SaaS applications. The platform also includes an Identity Governance tool, enabling streamlined on/offboarding, access request management, and access audits.
“The Enterprise SaaS consumption trends have led to under utilised licenses, compromised security, ineffective governance, and overall suboptimal management of SaaS stacks for IT and Security teams,” said Ritish Reddy, Co-founder, Zluri. He noted that Zluri has built a technology platform to address these challenges with continuous addition of new features. The startup has over 250 customers globally, which includes names such as Razorpay, Amagi, Whoop, etc. On the investment into Zluri, Dev Khare, Partner, Lightspeed, said, “They have demonstrated strong market traction, driven by an innovative architecture addressing the twin drivers of cybersecurity and pressure on IT to reduce cost.”
Founded in 2020 and headquartered in San Francisco and Bengaluru, Zluri has now raised a cumulative total of $32 million. Earlier, in January 2022, the startup secured $10 million in a Series A round. Zluri plans to leverage the latest funding to enhance its Generative AI capabilities in the enterprise SaaS operations space. The company has created a custom large language (LLM) model trained on vast amounts of data, encompassing various attributes.
Additionally, Zluri aims to expand its go-to-market teams in North America and Europe, focusing on bolstering its position in these key markets. The startup highlights the challenges faced by large companies that typically utilize over 1,100 SaaS applications for their operations. Zluri’s SaaS operations platform for IT teams offers a centralized dashboard to help companies discover, manage, optimize, secure, and automate SaaS applications. The platform also includes an Identity Governance tool, enabling streamlined on/offboarding, access request management, and access audits.
“The Enterprise SaaS consumption trends have led to under utilised licenses, compromised security, ineffective governance, and overall suboptimal management of SaaS stacks for IT and Security teams,” said Ritish Reddy, Co-founder, Zluri. He noted that Zluri has built a technology platform to address these challenges with continuous addition of new features. The startup has over 250 customers globally, which includes names such as Razorpay, Amagi, Whoop, etc. On the investment into Zluri, Dev Khare, Partner, Lightspeed, said, “They have demonstrated strong market traction, driven by an innovative architecture addressing the twin drivers of cybersecurity and pressure on IT to reduce cost.”
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