Total amount raised
$32 Millions
Latest funding date
7/1/2023
Location
Zluri has successfully raised $20 million in its latest Series B funding round, attracting significant interest from investors. The platform specializes in SaaS management and identity governance, offering a suite of tools to help enterprises manage their software applications efficiently.
Keep reading to explore the details of Zluri's funding journey and the key investors backing this innovative platform.
What Is Zluri?
Zluri, founded in October 2020, is headquartered in San Francisco, California. The company was established by Chaithanya Yambari, Ritish Reddy Puttaparthi, and Sethu Meenakshisundaram.
Specializing in SaaS management and identity governance, Zluri offers a platform that helps IT teams discover, manage, secure, and comply across multiple SaaS applications. Their solutions include SaaS Discovery, Shadow IT/AI monitoring, License & Cost Optimization, and more.
With a team of 101-250 employees, Zluri continues to innovate in the field of identity governance and administration, providing next-generation solutions for modern enterprises.
How Much Funding Has Zluri Raised?
- Seed Round
- Amount Raised: $2M
- Date: January 2021
- Lead Investors: Endiya Partners, Kalaari Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Zluri's SaaS management platform.
- Series A
- Amount Raised: $10M
- Date: January 2022
- Lead Investors: MassMutual Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Grant
- Amount Raised: -
- Date: March 2023
- Lead Investors: NetApp Excellerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance Zluri's technological capabilities through strategic support.
- Series B
- Amount Raised: $20M
- Date: July 2023
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and expand presence in Europe and North America.
Total Amount Raised: $32M
Current Valuation: Not publicly disclosed
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a global venture capital firm that focuses on early-stage investments. They have a strong track record of backing innovative companies across various sectors.
- Investment Focus Areas: Enterprise, Consumer, Health, Fintech
- Notable Investments: Snapchat, GrubHub, Nest
- NetApp Excellerator
- Details: NetApp Excellerator is an accelerator program by NetApp, aimed at supporting startups in the data management and cloud services sectors. They provide strategic support and resources to help startups scale.
- Investment Focus Areas: Data management, Cloud services
- Notable Investments: Not specified
- MassMutual Ventures
- Details: MassMutual Ventures is the venture capital arm of MassMutual, focusing on early and growth-stage companies. They invest in sectors that align with their strategic interests.
- Investment Focus Areas: Fintech, Healthtech, Enterprise SaaS
- Notable Investments: Policygenius, Socure, Insurify
- Endiya Partners
- Details: Endiya Partners is an early-stage venture capital firm based in India. They invest in technology and healthcare startups, providing both capital and strategic support.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: SigTuple, Darwinbox, Kissht
- Kalaari Capital
- Details: Kalaari Capital is a venture capital firm that invests in early-stage technology companies in India. They have a strong focus on supporting innovative startups.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Myntra, Dream11, Cure.fit
What's Next for Zluri?
With the recent $20 million Series B funding, Zluri is poised to enhance its AI capabilities and expand its presence in Europe and North America. The company aims to transform into a multi-product platform, leveraging its growing client base and workforce to drive innovation in SaaS management and identity governance.
As the SaaS management market is expected to grow significantly, Zluri's focus on AI and no-code workflows positions it well for future fundraising opportunities. However, the company will need to navigate intense competition and manage financial losses while scaling operations and maintaining customer satisfaction.
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