SaaS management platform Zluri announced on Monday that it has scooped up $10 Mn in a series A round. The round has brought MassMutual Ventures, which has led this round, as the new investor on the company’s captable. Existing investors Endiya Partners and Kalaari Capital also took part in this round. Endiya Partners and Kalaari Capital had pumped $2 Mn Zluri in a seed funding round in January 2021.
The company said that it will use the funds to continue its growth momentum and double down its presence in core regions like Asia and North America.
Commenting on the Series A funding, Ritish Reddy, Co-Founder, Zluri, said, “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. 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 was founded on the premise that buying SaaS is easy but managing plethora of SaaS software and apps is not. Efficiently Managing these applications is still a huge challenge for companies given the mass volume of SaaS tools that they are adopting nowadays.
Zluri claims that its SaaS management platform is quite comprehensive and helps companies to manage and optimize their SaaS applications from a single dashboard.
The company claims that it has added over 100 new customers from North American and Asian markets in the past year. It counts large brands such as Chargebee, MoEngage, Guesty and Whatfix.
The startup was founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari.