Successful funding round for SaaS Management Platform, Zluri
Zluri, an SaaS Management Platform, has raised US$10mn in a Series A round.
The funding was led by MassMutual Ventures, with participation from Endiya Partners and Kalaari Capital, existing investors.
Zluri will use this capital to:
- Advance its growth momentum
- Increase Zluri's capabilities
SaaS applications and automation
SaaS applications are soaring in popularity, but can still be difficult to use, which is where Zluri comes in.
After its three co-founders met while working together at Knolskape, Zluri was founded in 2020. They built Zluri to be an enterprise SaaS Management Platform (SMP) for IT Teams, which can help users to discover, manage and automate their SaaS Applications from one dashboard.
The company was awarded ‘Most Recommended tool in the SaaS Management Platform category by Software Advice for 2021’ and Zluri’s customers include:
Increased adoption of SaaS management platforms
Zluri is thrilled to welcome Mass Mutual Ventures as a 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”, said Ritish Reddy, Zluri Co-Founder. “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 organisation thus helping them manage, optimise 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.”
“Orchestrating SaaS applications in organisations and helping them maximise ROI on continually increasing SaaS spend is a large problem statement that requires significant operational effort from IT Teams”, said Anvesh Ramineni, Managing Director at MassMutual Ventures. “With an industry-leading SaaS Management Platform, Zluri is well positioned to help enable this across enterprises. We are very excited to back Ritish, Sethu, Chaithanya and the Zluri team and look forward to supporting them on their vision of building global leader in this category.”
“SaaS adoption has grown exponentially amidst enterprise digitalisation in the post-pandemic world across SE Asia, MENA, APAC regions creating a huge opportunity for SaaS Management Players”, said Sateesh Andra, Managing Director at Endiya Partners. “Zluri, with a Best-in-Class product, will definitely emerge as a category leader in the region as well as the global market and reach the pole position in the near future.”
“Ritish, Sethu and Chaithanya have shown stellar execution in one of the fastest growing sub-sectors in SaaS”, adds Vani Kola, Kalaari Capital. “They have a deep understanding of the problem faced by enterprises in managing their software spend and have a product first approach to solving the problem. I am very excited by the potential that Zluri has shown to be a leader in the SaaS Management Space.”