Breaking
Zluri raised $20M Series B led by Lightspeed 250+ enterprise customers and counting Monday.com, Whoop, Razorpay, Tipalti on the roster Nine discovery methods for shadow IT 1,500+ ready-made workflow actions SOC 2, ISO 27001, HIPAA, SOX, PCI DSS coverage Founded 2020 - San Francisco + Bengaluru Zluri raised $20M Series B led by Lightspeed 250+ enterprise customers and counting Monday.com, Whoop, Razorpay, Tipalti on the roster Nine discovery methods for shadow IT 1,500+ ready-made workflow actions SOC 2, ISO 27001, HIPAA, SOX, PCI DSS coverage Founded 2020 - San Francisco + Bengaluru
Zluri logo
Filed under: the company that tells your CIO which fifty-seven apps Karen in marketing actually uses.
YesPress Profile / Company

Zluri.
SaaS, supervised.

A next-gen SaaS management and identity governance platform that found the apps your IT team didn't know existed - and turned them into a control panel.

Founded 2020 San Francisco ~270 employees $32M raised Series B - Lightspeed

It's a Tuesday. Somewhere, a sysadmin sighs.

A new hire at a mid-sized SaaS company gets her welcome email at 9:04 a.m. By 9:07 she is provisioned in Slack, Notion, GitHub, Salesforce, Figma, Linear, 1Password, and four tools she will never open. By 9:11, she has installed two browser extensions that talk to vendors no one in IT has heard of. Multiply that by 270 hires across the year and a finance team that thinks it has 90 vendors. The real number is closer to 340.

This is the daily reality Zluri exists inside. It is not a glamorous problem. There is no keynote with smoke machines for "we found the eighth instance of Calendly your sales team is paying for." But it is the problem that quietly costs enterprises millions, fails their audits, and leaves former employees with active logins to systems holding customer data.

Zluri is the company that decided this was worth fixing properly.

Shadow IT isn't a bug. It's a workflow. - The Zluri working theory

Today the platform sits inside more than 250 enterprises. Monday.com runs on it. So do Whoop, Razorpay, Tipalti, Catapult Sports, Smartnews, Amagi, Daxko, and Traveloka. Lightspeed Venture Partners led a $20 million Series B in July 2023, taking total funding to $32 million. The team is around 270 people across San Francisco and Bengaluru. The product is split into two halves - SaaS Management and Identity Governance - sold separately or together, and both keep growing.

The spreadsheet was the villain.

Before Zluri, the standard way to manage SaaS at most companies was three browser tabs and a shared Google Sheet that nobody trusted. The CFO had her version. IT had theirs. Procurement had a third. Each was wrong in a different direction.

The deeper problem wasn't accounting. It was identity. Every SaaS app is a door. Every employee is a key. When someone leaves, the keys are supposed to come back. In practice, half of them don't. Industry studies regularly find that ex-employees retain access to at least one corporate application weeks - sometimes months - after their last day. For regulated companies, that's not embarrassing. It's a finding on the next SOC 2 report.

You can't govern what you can't see. And until 2020, most IT teams could see maybe forty percent of their SaaS stack. - Industry observation, paraphrased

The category had names. SaaS management. Identity governance. SMP. IGA. The legacy IGA tools - SailPoint, Saviynt, Oracle - were built for the on-prem era, when "an application" meant a Java thing in a server rack. They were powerful, expensive, and roughly as fun to deploy as a tax audit. The SaaS management tools - BetterCloud, Torii, Productiv - had visibility but stopped short of governance. Nothing did both well. Which is, conveniently, the gap a company called Zluri walked into.

Three KNOLSKAPE alumni walk into a market.

Ritish Reddy Puttaparthi, Sethu Meenakshisundaram, and Chaithanya Yambari met in the early 2010s at KNOLSKAPE, a Singapore-headquartered enterprise learning startup. They each spent roughly a decade selling and building enterprise software before the band got back together. Ritish had also co-founded Cranium Media and done time as a consultant at Tata Consultancy Services. The trio's hypothesis in 2020 was unfashionably specific: the next big enterprise category would not be one more vertical SaaS tool. It would be the layer that managed all the other SaaS tools.

Ritish Reddy Puttaparthi
Co-founder & CEO
Sethu Meenakshisundaram
Co-founder & CTO
Chaithanya Yambari
Co-founder

At the time, the bet looked a bit dull. "We're building Excel for your SaaS bills" is not a pitch that turns heads at a dinner party. But the founders had counted carefully. The average company had moved from twelve SaaS tools in 2015 to more than a hundred by 2020. The numbers were going one direction only. So was the regulatory weight: SOX, HIPAA, SOC 2, ISO 27001, PCI DSS, GDPR. Each one demanded proof that the right people had the right access to the right systems. None of them cared whether your spreadsheet was up to date.

A boring problem is the best kind. Nobody else wants it, and customers will pay you forever. - Paraphrased founder logic, vintage 2020

Endiya Partners and Kalaari Capital wrote the early checks. MassMutual Ventures led the $10 million Series A in April 2022. Lightspeed led the $20 million Series B in July 2023. The investor lineup tells you something: nobody is investing in Zluri because of vibes. They are investing because the spreadsheet is, in fact, the villain.

The five years that built Zluri.

2020
Founded in Bengaluru
Ritish, Sethu, and Chaithanya start Zluri with a bet that SaaS sprawl is the next durable enterprise problem.
2021
Seed round closes
Endiya Partners and Kalaari Capital lead. The product ships as a SaaS discovery and spend tool.
April 2022
$10M Series A
MassMutual Ventures leads. Zluri begins building automated lifecycle workflows on top of discovery.
July 2023
$20M Series B - Lightspeed
Total funding hits $32M. Generative AI capabilities accelerate. North American and European go-to-market expansion follows.
2024
Zluri 2.0
Platform splits into two workspaces: Identity Governance and SaaS Management. Each gets its own modules and navigation.
2025
Identity Security Posture Management
New ISPM module ships, surfacing risky access patterns and over-privileged identities with AI risk insights.

Nine ways to find an app you didn't know you had.

Zluri's core trick is discovery. It looks at SSO logs, finance feeds, browser extensions, HR systems, expense reports, direct integrations, network traffic, browser-based sign-ins, and a few other signals - nine in total - and reconciles them into a single inventory of every application touching your company. For most enterprises, the inventory is twice the size of what they thought it was. This is occasionally awkward at the Monday standup.

Once it sees everything, Zluri lets you act. The workflow engine ships with more than 1,500 ready-made actions - the verbs of identity, basically. Provision a Slack seat. Remove a Salesforce license. Trigger a manager approval. Run a quarterly access review. Reclaim a dormant Figma account. Each verb is a click; together, they are a no-code policy engine.

SaaS Management Platform

Discovery, spend tracking, contract renewals, license utilization. The "where is our money going" half of Zluri.

Identity Governance & Administration

Joiner-mover-leaver workflows, access reviews, segregation-of-duties policies, audit-ready reporting. The "who has access to what" half.

Access Requests & Workflows

Self-service portal for employees. Time-bound, policy-driven access without IT becoming the bottleneck.

Identity Security Posture Management

The newer module. AI scans for dormant accounts, privilege creep, and identity risks - then suggests remediation.

The verb matters more than the noun. Anyone can list your apps. Zluri lets you act on them. - Working principle

The receipts are the point.

The temptation in a category like this is to wave hands about "platform" and "intelligence." Zluri's counter is mostly numerical. The discovery engine. The customer count. The funding ladder. The integrations catalog. The audit certifications. If you don't trust the words, you can trust the table.

250+
Enterprise customers
$32M
Total funding
1,500+
Workflow actions
9
Discovery methods

Funding rounds, stacked

USD millions raised - cumulative
Seed (2021)$2M
Series A (Apr 2022)$10M
Series B (Jul 2023)$20M
Cumulative$32M
Source - company disclosures and Crunchbase; bars scaled against $32M total.

The customers do the rest of the talking. Monday.com using your governance platform is unsubtle endorsement; so is Razorpay, an Indian fintech that does not have time for tools that don't work, running its access reviews through your engine. Whoop, Catapult Sports, Smartnews, Amagi, Daxko, Tipalti, Traveloka. The list reads like a who's-who of mid-market and upper-mid-market technology companies, which happens to be exactly the segment that suffers most from SaaS sprawl.

You can tell a category is real when the customers stop asking "why" and start asking "how fast." - An honest sales observation

Give IT its calendar back.

Strip the marketing. Zluri's mission is to make sure IT and security teams spend their hours on strategy, not on chasing down a forgotten Trello login that belonged to someone who left in March. The category language for that is "automation" and "governance." The human language is "we'd like to go home on time."

This is not the most dramatic mission in tech. There is no rocket. There is no neural lace. There is a remarkably patient bet that the modern enterprise needs a quiet, reliable layer underneath all the louder software - one that knows who is allowed to do what, and shuts the door when they shouldn't be doing it anymore.

The best infrastructure is the kind you stop noticing. - A nice thing to remember

Compliance is the unglamorous accelerant. Every new framework - SOC 2, ISO 27001, HIPAA, SOX, PCI DSS - pushes companies further toward the kind of disciplined identity hygiene Zluri sells. The regulators aren't going away. Neither is the SaaS sprawl. Both vectors point the same direction.

The AI tools are about to make this worse.

Here is the awkward shape of the next two years. Every employee at every enterprise will soon be using two or three AI assistants their security team has never approved. ChatGPT-style tools, coding copilots, meeting recorders, slide generators, agentic workflows. Each one is a door. Each one talks to corporate data. Each one is a new audit problem.

Zluri has been quietly building for exactly this. The 2025 Identity Security Posture Management module is, in effect, a bet that AI tools will be the next great category of shadow IT - and that the company that already knows how to find shadow IT is the natural home for governing it. Which sounds tidy, because it is.

The next ten years of identity governance will be defined by tools that don't even have human users. - A reasonable forecast

Back to that Tuesday morning. The new hire walks in. By 9:07 she is provisioned. By 9:11 she has installed her two browser extensions. The difference now is that her IT team sees them, knows where the data is going, and can revoke access without anyone shouting. Her offboarding, whenever it comes, will take about sixty seconds. The spreadsheet is gone. The audit is clean. The CIO is, against all odds, home for dinner.

That is the small, unfashionable, completely real thing Zluri sells. And it is, increasingly, what everybody wants.

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