Startup Zluri, a SaaS Management Platform on Monday announced it has secured a $10 million Series A round of funding led by MassMutual Ventures. The startup plans to use the fresh capital to propel its growth acceleration and further consolidate its product’s capabilities. Additionally , it plans to double down the teams in key markets, in Asia and North America.
Founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari, Zluri’s comprehensive SaaS Management platform for IT teams helps companies discover, manage and optimise, secure and automate SaaS applications from a single dashboard.
Speaking about the new development, Ritish Reddy, Co-founder, Zluri, said, “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 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.”
Zluri to invest in new product innovation and to expand into key markets
Zluri claims to have added over 100 new customers from North American and Asian markets in the past year and includes large brands such as Chargebee, Moengage, Guesty and Whatfix as customers. Zluri has recently been awarded G2 High Performer Winter 2022 and Most Recommended tool in the SaaS Management Platform category by Software Advice for 2021.
The current funding round also had participation from existing investors Endiya Partners and Kalaari Capital. Zluri had previously raised $2 million from Endiya Partners and Kalaari Capital, in its seed round in January 2021.So far the startup has raised $12 million, including the current round.
