Zluri has raised $20 million in a Series B round led by MassMutual Ventures, Endiya Partners and Kalaari Capital. 

With this round, the software-as-a-Service (SaaS) platform start-up has raised $32 million in total venture funding since 2020.

With the new funding round, Zluri will expand Generative AI capabilities in enterprise SaaS operations with it CoPilot, an intelligent assistant to boost efficiency and productivity across enterprises using no-code workflows. The company has built a custom large language (LLM) model trained on billions of data points encompassing a wide range of attributes.

“The Enterprise SaaS consumption trends have led to underutilized licenses, compromised security, ineffective governance and overall suboptimal management of SaaS stacks for IT and Security Teams," commented Ritish Reddy, co-founder of Zluri. 

“We have fearlessly been building Zluri to scale for the needs of our community and have added a range of features to protect these companies and help them grow. 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,” he added. 

“ARC is a group of 16 unique companies with varying tech stacks. Zluri has enabled us to understand usage and uncover shadow IT so that we can understand,d which tools are being used per capability. They have also helped us cross-reference our spending against usage, which helps us determine which SaaS apps are giving the most business value. We are currently in the process of connecting our HR system to allow for automatic provisioning/de-provisioning of SaaS apps and licenses. It has been a great tool for us, and we look forward to a long partnership working together," added Kyle Hitchcock, head of IT at ARC Group.