As the adoption of Software-as-a-Service (SaaS) applications skyrockets, large companies grapple with the complexities and risks associated with managing their SaaS estates. Enter Zluri, an India-based SaaS operations (SaaSOps) platform, offering a comprehensive solution to address these challenges. With their recent $20 million Series B funding round led by Lightspeed, Zluri is poised to reshape the SaaS landscape and empower enterprises to efficiently manage their SaaS operations while mitigating risks.
In the fast-paced digital landscape, large companies now depend on a staggering 1,100+ SaaS applications to fuel their operations. This soaring trend showcases a remarkable 20% year-on-year growth in SaaS adoption. However, with this surge comes a host of challenges and risks that IT and security teams grapple with daily. Orchestrating and managing these expansive SaaS operations has become an uphill battle, testing the limits of organizations striving for seamless efficiency and robust security. Moreover, the relentless wave of digital transformation, driven by generative AI, rapid cloud adoption, and the rise of remote workforces, adds a new layer of complexity to SaaS operations.
Recognizing these challenges, Zluri, an India-based SaaS operations platform, has emerged as a game-changer. By enabling large companies to effectively manage their SaaS estates and mitigate risks, Zluri empowers organizations to embrace the benefits of SaaS while ensuring smooth operations and enhanced security.
In a groundbreaking development, Zluri recently secured $20 million in a Series B funding round led by Lightspeed, a renowned investor known for backing transformative tech companies like Wondermind and Mistral AI. The round also witnessed participation from existing investors, including MassMutual Ventures, Endiya Partners, and Kalaari Capital.
Building on the success of their previous $10 million Series A round in January 2022, this latest funding brings Zluri's total raised funds to an impressive $32 million. With the infusion of fresh capital, Zluri plans to expand its Generative AI capabilities through CoPilot, an intelligent assistant designed to enhance efficiency and productivity across enterprises. CoPilot leverages a large language model trained on extensive data points, empowering organizations to optimize their workflows through intuitive no-code automation.
Zluri's growth trajectory extends beyond product innovation. The company aims to bolster its go-to-market teams in North America and Europe, strategically reinforcing its presence in key markets. By establishing a robust global footprint, Zluri seeks to provide exceptional support to its expanding customer base while forging closer collaborations and driving innovation in the realm of SaaS management and Identity governance.
Zluri's successful $20 million Series B funding round marks a significant milestone in the realm of SaaS management and risk mitigation. With their innovative SaaSOps platform, Zluri empowers large companies to navigate the complexities of their expanding SaaS estates effectively. Backed by Lightspeed and other prominent investors, Zluri is poised to revolutionize SaaS operations by introducing Generative AI capabilities through CoPilot. By scaling their go-to-market teams and establishing a stronger global presence, Zluri is committed to providing exceptional support to their customers, fostering strategic partnerships, and driving innovation in the dynamic world of SaaS management and Identity governance.