Zluri Secures $20M in Recent Funding Round, Aims To Double Down on AI as Identity Governance

Zluri, a SaaS operations (SaaSOps) platform, announced the company received $20 million in a recent funding round, enabling the company to help organizations manage their SaaS estates and mitigate risks.

The Series B funding round was led by Lightspeed, with participation from existing investors including MassMutual Ventures, Endiya Partners, and Kalaari Capital. The company has now raised $32 million in total venture funding since 2020.

With the new funding round, Zluri will expand Generative AI capabilities in enterprise SaaSOps with Zluri’s CoPilot—an intelligent assistant to boost efficiency and productivity across enterprises using no-code workflows. Zluri has built a custom large language (LLM) model trained on billions of data points encompassing a wide range of attributes.

Zluri's expansion plans include continuing to scale go-to-market teams in North America and Europe to reinforce their presence in strategic markets and fostering closer collaboration with customers. By establishing a stronger global footprint, Zluri aims to provide exceptional support to its growing customer base while actively seeking opportunities to forge new partnerships and drive innovation in the realm of SaaS management and Identity governance, according to the company.

“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,” said 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.”

Zluri’s comprehensive SaaSOps platform for IT teams helps companies discover, manage and optimize, secure, and automate SaaS applications from a single dashboard.

In addition to this, the Identity Governance tool will help teams streamline on/off boarding, access request management and offer access audits. The new Zluri CoPilot feature will help teams converse with their data and create workflows i.e., making offboarding users much more efficient, according to the company.

Zluri works with more than 250 customers globally, which include prominent names such as, Tipalti, Whoop, Catapult Sports, Razorpay, Smartnews, Amagi, Daxko, Traveloka etc.

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