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SaaS management platform Zluri raises $10M in Series A Funding

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Zluri, a SaaS management platform, announced a $10 million Series A round of fundraising on Monday, led by MassMutual Ventures and including current investors Endiya Partners and Kalaari Capital.

Zluri’s comprehensive SaaS Management platform for IT teams helps companies Discover, Manage and Optimize, Secure and Automate SaaS applications from a single dashboard. Zluri puts the IT team back in control of their new SaaS-ified landscape. Zluri has the most comprehensive application discovery engine in the industry and the largest library of over 600 in-depth direct integrations.

Zluri has 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.

Zluri was founded in 2020 by Ritish Puttaparthi, Sethu Meenakshisundaram and Chaithanya Yembari. All three co-founders worked together at Knolskape, for a considerable amount of time and have a deep and shared passion for building and scaling companies.

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. 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 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. We are very excited to back Ritish, Sethu, Chaithanya and the Zluri team and look forward to supporting them on their vision of building global leader in this category.”

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