Total amount raised
$32 Million
Latest funding date
7/1/2023
Location
Zluri has successfully navigated four funding rounds, with the most recent being a Series B round led by Lightspeed Venture Partners. The company is backed by notable investors, including Kalaari Capital and MassMutual Ventures.
As a next-generation Identity Governance and Administration platform, Zluri offers comprehensive solutions for SaaS management, access management, and automation. Keep reading to explore the intricacies of Zluri's fundraising journey and the investors backing this innovative platform.
What Is Zluri?
Zluri is a SaaS management platform based in San Francisco, California, specializing in Identity Governance and Administration (IGA). The company offers solutions for SaaS management, access management, and automation, serving over 200 global clients.
With an employee count ranging from 101 to 250, Zluri is in the Series B funding stage. The company is recognized for its patented discovery engine, rapid time-to-value, and adaptive automation capabilities, ensuring compliance with industry regulations like SOC 2, ISO 27001, HIPAA, and PCI DSS.
How Much Funding Has Zluri Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: January 2021
- Lead Investors: Endiya Partners, Kalaari Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundational operations and initial product development.
- Series A
- Amount Raised: USD 10,000,000
- Date: January 2022
- Lead Investors: MassMutual Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Grant
- Amount Raised: Not publicly disclosed
- Date: March 2023
- Lead Investors: NetApp Excellerator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support specific project initiatives and technological advancements.
- Series B
- Amount Raised: USD 20,000,000
- Date: July 2023
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and expand the company's footprint in Europe and North America.
Total Amount Raised: USD 32,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that invests in the enterprise, consumer, and health sectors. They focus on early and growth-stage investments.
- Investment Focus Areas: Enterprise, consumer, health sectors.
- Notable Investments: Snapchat, GrubHub, Nest.
- NetApp Excellerator
- Details: NetApp Excellerator is a startup accelerator program by NetApp that focuses on data-driven startups. It aims to support and mentor startups in their growth journey.
- Investment Focus Areas: Data-driven startups.
- Notable Investments: SigTuple, Adya, ArchSaber.
- MassMutual Ventures
- Details: MassMutual Ventures is the venture capital arm of MassMutual, investing in early and growth-stage companies. They focus on sectors like financial technology, cybersecurity, and digital health.
- Investment Focus Areas: Financial technology, cybersecurity, enterprise software, digital health.
- Notable Investments: Policygenius, LinkSquares, Socure.
- Endiya Partners
- Details: Endiya Partners is a venture capital firm that invests in early-stage technology, healthcare, and consumer companies. They aim to support startups in their initial growth phases.
- Investment Focus Areas: Technology, healthcare, consumer companies.
- Notable Investments: SigTuple, Darwinbox, Kissht.
- Kalaari Capital
- Details: Kalaari Capital is a venture capital firm investing in early-stage, technology-oriented companies in India. They focus on sectors that have high growth potential in the Indian market.
- Investment Focus Areas: Early-stage, technology-oriented companies in India.
- Notable Investments: Dream11, Myntra, Cure.fit.
What's Next for Zluri?
With its recent $20 million Series B funding, Zluri is poised to capitalize on significant opportunities. The company plans to enhance its AI capabilities and expand its presence in Europe and North America. This expansion is expected to drive substantial growth, potentially increasing their client base and workforce significantly.
As the SaaS management market continues to grow, Zluri's innovative solutions, such as their CoPilot feature and Identity Governance tool, position them well for future fundraising opportunities. The anticipated 5X growth in FY23 suggests that additional funding rounds may be on the horizon to support their ambitious expansion plans.
However, Zluri faces challenges, including competition from established players like Bettercloud and Torii. Achieving their growth targets in a competitive market and managing financial performance will be critical. Despite these challenges, Zluri's strategic focus on AI and global expansion offers a promising path forward.
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