{"id":18826,"date":"2020-05-25T04:11:30","date_gmt":"2020-05-25T04:11:30","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/bettercloud-scores-75m-series-f-as-saas-management-needs-grow.html"},"modified":"2020-05-25T04:11:30","modified_gmt":"2020-05-25T04:11:30","slug":"bettercloud-scores-75m-series-f-as-saas-management-needs-grow","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/bettercloud-scores-75m-series-f-as-saas-management-needs-grow.html","title":{"rendered":"BetterCloud scores $75M Series F as SaaS management needs grow"},"content":{"rendered":"

BetterCloud<\/a> gives IT visibility into its SaaS tools providing the means to discover, manage and secure those tools. In the middle of a crisis that has forced most companies to move workers home, being able to manage SaaS usage in this way is growing increasingly significant.<\/p>\n

Today the company announced a $75 million Series F. Warburg Pincus <\/a> led the way with participation from existing investors Bain Capital Ventures, Accel, Greycroft Partners, Flybridge Capital Partners, New Amsterdam Growth Capital and e.ventures. Today\u2019s round brings the total raised to $187 million, according to the company.<\/p>\n

While CEO David Politis <\/a> acknowledges the gravity of the current situation, he also recognizes that giving companies a way to manage their SaaS usage is more pertinent than ever. \u201cWhat has happened in the last two months has been terrible for the world, but in some crazy way it has just made what we do a lot more relevant,\u201d Politis told TechCrunch <\/a>.<\/p>\n

He says the pandemic has really accelerated the market opportunity because of the reliance on cloud services and the services his company provides.<\/p>\n

Those services began as an operational layer on top of G Suite. Later it added support for Office 365 and in 2016 it moved to more general SaaS management<\/a>. It now offers direct integrations into multiple SaaS apps including Box, Dropbox, Salesforce, Zendesk and more. The set of tools in Bettercloud gives IT control over security, configuration, spend optimization and auditability across SaaS applications.<\/p>\n

In normal times after a large Series F round, we might be talking about this being the last round before an IPO, but Politis isn\u2019t ready to commit to that just yet, especially in this economy. He does say, however, that he\u2019s in it for the long haul and sees an opportunity to build a long-term, sustainable company.<\/p>\n

\u201cThe last couple of months I\u2019ve been thinking about this a lot, and when you take a $75 million round at the stage you\u2019re not doing that because you want to sell the business. You\u2019re doing that because you want to build something and build something really special,\u201d he said.<\/p>\n

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BetterCloud adds Integration Center to help developers build and share integrations<\/a><\/p>\n<\/blockquote>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/fJazcDDS4Q8\/<\/p>","protected":false},"excerpt":{"rendered":"

BetterCloud gives IT visibility into its SaaS tools providing the means to discover, manage and secure those tools. In the middle of a crisis that has forced most companies to <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-18826","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t