SAN FRANCISCO, January 15, 2021 / PRNewswire / – Zluri, a startup helping midsize US companies manage their SaaS application stack, announced a seed capital investment from $ 2 million by Endiya Partners and Kalaari Capital. The funding will help expand sales, marketing and engineering capabilities, and build integrations and workflow automation without code for SaaS applications.
With Zluri’s easy-to-implement solution, companies of all sizes can manage their ever-growing subscription-based software stack.
Founded by Sethu Meenakshisundaram, Ritish Reddy and Chaithanya Yambari, Zluri was born from challenges that the founding team experienced firsthand. Today, third-party SaaS solutions used by businesses don’t follow the systems or processes to manage them, resulting in hidden dollar leaks, sub-par utilization, and widespread software duplication. As SaaS spend per employee is expected to increase in the coming years, the problem that Zluri is trying to solve will grow exponentially. Zluri currently has ten employees and has won some of the leading companies as clients to help them with SaaS application management.
“Given that we have reached the tipping point in the adoption of SaaS, centralized management and protection of SaaS applications with a high level of automation is a major focus for IT teams in large and medium-sized companies around the world. that with solid domain knowledge and skills, Zluri will quickly get out of hand. We are excited to partner with Sethu, Ritish and Chaithanya on Zluri’s journey to be a dominant force in the SaaS Ops management space, “he said Sateesh Andra, MD, India Partners.
“The founders of Zluri have complementary skills and extensive experience in SaaS companies. Worldwide spending on SaaS applications is higher $ 100 billionWe believe SaaS Operations Management will be a very big opportunity. We are excited to work with Zluri to build a global SaaS business India” said Dr. Vani Kola, Kalaari Capital. In particular, Zluri Kalaari is the first investment from his new fund.
Zluri’s easy-to-implement solution enables companies of all sizes to manage their ever-growing subscription-based software stack, popularly known as the tech stack or SaaS stack. Low barriers to entry and accelerated productivity in the workplace accelerate the transition from local software to SaaS applications. Today, a company with 200 employees is using more than 150 applications and there are no efficient systems to manage these apps.
“Issues such as overspending, shadow IT, underutilization, duplication, compliance, and security issues have emerged recently due to the SaaS explosion. Zluri’s mission is to help companies innovate through the software stack they have acquired without accelerating the problems involved, “he said Sethu Meenakshisundaram, one of the co-founders. He added, “When the world was powered, a meter was considered essential. Similarly, with the SaaS apps enabled, Zluri will also become a necessity. “
Zluri is a comprehensive SaaS apps management platform for IT teams. It helps them discover, manage, secure and fulfill third-party SaaS applications through an intelligent command center. In short, Zluri is giving the IT team back control of the new SaaS landscape.