SaaS management platform Zluri raises $20 million led by Lightspeed

The company has so far raised $32 million in total venture funding since 2020.

Since their Series A funding round of $10 million in January 2022, Zluri has doubled its team size, set up an office in California and launched new products, expanding its offerings from a single product to multi-products for both enterprises and mid-market companies.

“Having launched and scaled our discovery engine in 2020 to help companies understand their SaaS stacks better, we have since launched an identity governance tool to manage access and now are launching the Zluri co-pilot to help enable faster workflows,” Ritish Reddy, co-founder at Zluri, said.

Zluri’s SaaS operations platform for information technology teams helps clients discover, manage and optimize, secure and automate SaaS applications from a single dashboard. In addition, the identity governance tool helps teams streamline on- and off-boarding, access request management and offer access audits.

The company works with over 250 customers globally including the likes of Monday.com, Tipalti, Whoop, Catapult Sports, Razorpay, Smartnews, Amagi, Daxko and Traveloka. About 60% of its clients are mid-market in size_, 25% are enterprise-grade and 15% are SMB in scale, Reddy told ET in an interaction.

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The company generates 65% of its revenues from the US, with the rest divided across the UK, parts of Europe, India and Indonesia, he added.The new funding will advance Zluri’s expansion plans. These include continuing to scale go-to-market teams in North America and Europe, and fostering closer collaboration with customers, the company said in a statement.

“We are excited to partner with the Zluri team as they revolutionize SaaS management and identity governance for large enterprises and mid-market firms in the US and globally. They have demonstrated strong market traction, driven by an innovative architecture addressing the twin drivers of cybersecurity and pressure on IT to reduce cost,” Dev Khare, partner, Lightspeed, said.