SaaS Management Platform Zluri announced it raised $10 million in a Series A round of funding, enabling the company to use the additional capital to continue its growth momentum and further strengthen its product's capabilities.
The funding round was led by MassMutual Ventures with participation from existing investors, Endiya Partners and Kalaari Capital. Zluri had previously raised $2 million, from Endiya Partners and Kalaari Capital, in its seed round in January 2021. The company also plans to double down the teams in core markets, in Asia and North America.
“We are thrilled to welcome Mass Mutual Ventures as our new partner through this Series A funding. Over the last 12 months we have seen global adoption of SaaS Management Platforms increase at an accelerated pace. Our rapid growth in the category can be attributed to our product innovation and unparalleled customer support,” said Ritish Reddy, co-founder, Zluri. “We have made significant investments into our one-click automation engine, which helps IT Teams streamline and automate workflows across the organization thus helping them manage, optimize and secure their technology stacks effectively. We will continue our investments to extend our lead in this space and the current round of funding will help us further accelerate our global growth and product innovation.”
Zluri’s comprehensive SaaS Management platform for IT teams helps companies Discover, manage and optimize, secure, and automate SaaS applications from a single dashboard.
Zluri puts the IT team back in control of their new SaaS-ified landscape. Zluri has the most comprehensive application discovery engine in the industry and the largest library of over 600 in-depth direct integrations, according to the company.
Zluri has added over 100 new customers from North American and Asian markets in the past year and includes large brands such as Chargebee, MoEngage, Guesty, and Whatfix as customers. Zluri has recently been awarded G2 High Performer Winter 2022 and Most Recommended tool in the SaaS Management Platform category by Software Advice for 2021.
For more information about this news, visit www.zluri.com.