TL;DR:
- Zluri, an Indian SaaS operations platform, has raised $20 million in a funding round led by Lightspeed.
- Existing investors, including MassMutual Ventures, Endiya Partners, and Kalaari Capital, also participated.
- The total venture funding raised by Zluri now stands at $32 million.
- The funding will support Zluri’s growth in North America and expansion into Europe.
- Zluri aims to strengthen its artificial intelligence capabilities, particularly in identity governance.
- The company’s CoPilot feature, an intelligent assistant, will be enhanced to improve efficiency and productivity.
- Zluri plans to scale its go-to-market teams in North America and Europe, fostering closer collaboration with customers.
- The company aims to provide exceptional support, forge new partnerships, and drive innovation in SaaS management and identity governance.
Main AI News:
Zluri, a leading Indian software as a service (SaaS) operations (SaaSOps) platform, has successfully raised $20 million in its recent funding round. The Series B funding, spearheaded by Lightspeed, witnessed participation from existing investors such as MassMutual Ventures, Endiya Partners, and Kalaari Capital. This latest round brings the total venture funding secured by Zluri to an impressive $32 million since its inception in 2020.
The infusion of fresh capital will fuel Zluri’s expansion efforts, allowing the company to establish a strong presence in North America and venture into the European market. Additionally, Zluri aims to enhance its artificial intelligence (AI) capabilities, particularly in the domain of identity governance, to cater to the evolving needs of its users.
With its latest funding, Zluri intends to augment the generative AI features of its enterprise SaaSOps platform, CoPilot, which serves as an intelligent assistant, enhancing operational efficiency and productivity across organizations through the utilization of no-code workflows. Leveraging a custom large language model (LLM) trained on vast amounts of data, Zluri is well-positioned to provide enterprises with a comprehensive suite of attributes.
Zluri’s expansion plans encompass bolstering go-to-market teams in North America and Europe, thereby fortifying its foothold in strategic markets and fostering closer collaboration with valued customers. By establishing a stronger global footprint, Zluri aims to offer unparalleled 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.
“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,” emphasized 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,” he added.
As a cloud-native SaaSOps platform, Zluri empowers modern enterprises with effective SaaS management and identity governance solutions. By enabling IT and Security teams to gain comprehensive visibility into their SaaS landscape, Zluri facilitates cost optimization, recurring savings, and secure access governance through efficient provisioning and de-provisioning. Powered by a deep discovery engine, integrated iPaas, and evolving AI capabilities, Zluri equips companies with the tools to navigate and control complex SaaS ecosystems from a centralized dashboard.
In addition to its core offerings, Zluri’s identity governance tool streamlines crucial processes such as on/offboarding, access request management, and access audits, enabling teams to work more efficiently. The recently introduced Zluri CoPilot feature facilitates seamless interaction with data, empowering teams to create workflows and enhancing the offboarding process for users.
Zluri’s growing customer base comprises over 250 global clients, including notable industry leaders such as Monday.com, Tipalti, Whoop, Catapult Sports, Razorpay, Smartnews, Amagi, Daxko, and Traveloka, among others. The company’s relentless dedication to revolutionizing SaaS management and identity governance for large enterprises and mid-market firms has garnered widespread market traction.
“We are excited to partner with the Zluri team as they revolutionize SaaS management and identity governance for large enterprises and mid-market firms in the United States and globally. They have demonstrated strong market traction, driven by an innovative architecture addressing the twin drivers of cybersecurity and pressure on IT to reduce cost,” expressed Dev Khare, Partner at Lightspeed.
Conclusion:
Zluri’s successful funding round and focus on expanding its SaaS operations platform, along with its emphasis on artificial intelligence and identity governance, demonstrate its commitment to addressing the evolving needs of enterprises. With the increased investment, Zluri is well-positioned to capitalize on market opportunities and continue revolutionizing SaaS management and identity governance for large enterprises and mid-market firms in the United States and globally.
