SaaS management platform Zluri has raised $20 million in a Series B funding round led by Lightspeed, with participation from returning investors such as MassMutual Ventures, Endiya Partners, and Kalaari Capital.
The current round brings its total funding amount to $32 million since its inception in 2020.
With this new round of funding, the startup said it will focus on strengthening its Generative AI capabilities in enterprise SaaSOps. Additionally, It will focus on its product CoPilot, an intelligent assistant which is designed to augment efficiency and productivity across organizations using no-code workflows.
Zluri caters to IT teams, enabling them to discover, manage, optimize, secure, and automate SaaS applications from a unified dashboard. The platform's Identity Governance tool also aids teams in streamlining on/off-boarding, managing access requests, and conducting access audits.
Its latest product Zluri CoPilot, allows teams to interact with their data and establish workflows, thus enhancing the efficiency of offboarding users.
Zluri claims to have a client base of over 250 global customers, including notable firms such as Monday.com, Tipalti, Whoop, Catapult Sports, Razorpay, Smartnews, Amagi, Daxko, and Traveloka, to name a few.
As part of its growth strategy, Zluri said it intends to expand its go-to-market teams in North America and Europe.
“The Enterprise SaaS consumption trends have led to underutilized licenses, compromised security, ineffective governance and overall suboptimal management of SaaS stacks for IT and Security Teams,” commented Ritish Reddy, Co-Founder of Zluri. “We have fearlessly been building Zluri to scale for the needs of our community and have added a range of features to protect these companies and help them grow. Having launched and scaled our discovery engine in 2020 to help companies understand their SaaS stacks better, we have since launched an identity governance tool to manage access and now are launching the Zluri co-pilot to help enable faster workflows.”
“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." Dev Khare, Partner, Lightspeed.