India-based SaaS management platform Zluri has raised US$10 million in funding in a Series A round led by MassMutual Ventures along with participation from existing investors, Kalaari Capital and Endiya Partners.
Zluri had raised US$2 million from Kalaari Capital and Endiya Partners in its seed funding round last year in January.
The startup plans to use the fresh funding to further strengthen its product capabilities and continue its growth momentum. Zluri also plans to double down its teams in core markets in North America and Asia.
Ritish Reddy, Co-Founder, Zluri, said, “We are thrilled to welcome Mass Mutual Ventures as our 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.” The rapid growth in the category can be attributed to their product innovation and unparalleled customer support.
Reddy added that “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.” Zluri will continue its investments to extend its lead in this space, and the current round of funding will help them further accelerate its 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. Ramineni stated that “we are very excited to back Ritish, Sethu, Chaithanya and the Zluri team and look forward to supporting them on their vision of building a global leader in this category.”
Founded in 2020 by Ritish Puttaparthi, Chaithanya Yembari, and Sethu Meenakshisundaram, Zluri offers a comprehensive SaaS Management platform for IT teams. Its platform helps companies Discover, Manage, and Optimize, Secure and Automate SaaS applications from a single dashboard. The company puts the IT teams back in control of their new SaaS-based landscape.
With the most comprehensive application discovery engine in the industry and the biggest library of more than 600 in-depth direct integrations, Zluri has added more than 100 new customers in North America and Asia in the last year. The list includes large brands such as MoEngage, Whatfix, and Guesty as Zluri’s customers.
The company has also been awarded by Software Advice for 2021 a G2 High Performer Winter 2022 and Most Recommended tool in the SaaS Management platform segment.