[Funding alert] Zluri Secures $20 Mn In Series B Round Led by Lightspeed

Zluri secured $20 million in its Series B round, which was led by Lightspeed. Existing investors, including MassMutual Ventures, Endiya Partners, and Kalaari Capital, also took part in the investment round.

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With the latest funding round, Zluria will increase the possibilities of Generative AI in SaaSOps for company use by releasing CoPilot, a smart assistant that uses no-code processes to increase productivity and efficiency. The company claims that Zluria has developed a unique large language (LLM) system that has been educated on billions of points of data and covers a variety of variables, BW Disrupt.

“The Enterprise SaaS consumption trends have led to  under utilised licenses, compromised security, ineffective governance and overall suboptimal management of SaaS stacks for IT and Security Teams," commented Ritish Reddy, Co-Founder of Zluria.

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“We are excited to partner with the Zluria 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 

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About Zluria 

Zluri is founded by Ritish Reddy, Chaithanya Yambari, and Sethu Meenakshisundaram in 2020. Zluri is a cloud-native SaaSOps platform that provides SaaS Management and Identity Governance for contemporary businesses. Zluri equips IT and Security teams with the tools they need to secure access governance through provisioning and de-provisioning, and acquire visibility into their SaaS ecosystem.

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