Zluri, a SaaS management platform, raises $10 million in a Series A round-headed by MassMutual Ventures

Zluri, a SaaS management platform, announced a $10 million Series A round of fundraising on Monday, led by MassMutual Ventures, including current investors Endiya Partners and Kalaari Capital. In January 2021, Zluri raised $2 million in a seed round from Endiya Partners and Kalaari Capital. The business has been funded $12 million to date, including the current round.

The business stated that it intends to use the additional funds to maintain its current growth trajectory and improve the capabilities of its platform. The corporation plans to expand its staff in key markets such as Asia and North America.

Ritish Puttaparthi, Sethu Meenakshisundaram, and Chaithanya Yembari founded Zluri in 2020. It is a comprehensive SaaS Management platform for IT teams that allows firms to identify, manage, optimize, secure, and automate SaaS applications from a single dashboard.

“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,”

Ritish Reddy, Co-founder

In the last year, Zluri claims to have recruited over 100 new customers from North American and Asian markets, including big names like Chargebee, Moengage, Guesty, and Whatfix. 

“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 a global leader in this category,”

Anvesh Ramine, Managing Director at MassMutual Ventures
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