Bengaluru: SaaS Management Platform Zluri, has raised $10M in a Series A round of funding led by MassMutual Ventures with participation from existing investors, Endiya Partners and Kalaari Capital. The company plans to use the additional capital to continue its growth momentum and further strengthen its product’s capabilities. The company plans to double down the teams in core markets, in Asia and North America.
Today, companies across the globe are adopting SaaS applications. While it is easy to buy a SaaS application, managing these applications is a huge challenge for companies given the volume of SaaS tools that they are adopting. While the IT spend is increasing on these tools, the usage and utilization of these investments remain a challenge.
Founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari, Zluri’s customers include brands such as Chargebee, MoEngage, Guesty and Whatfix.
Ritish Reddy, Co-Founder, Zluri, said, “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.”
Anvesh Ramineni, Managing Director at MassMutual Ventures, added, “Orchestrating SaaS applications in organizations and helping them maximize ROI on continually increasing SaaS spend is a large problem statement that requires significant operational effort from IT Teams. With an industry-leading SaaS Management Platform, Zluri is well positioned to help enable this across enterprises.”
