On Thursday, the software service management platform, Zluri announced that it had raised $20 million in its series B funding round led by Lightspeed Venture Partners.

Zluri’s funding round also saw participation from its existing backers, MassMutual Ventures, Kalaari Capital, and Endiya Partners. With this new funding, the company has raised $32 million in total venture funding since 2020.

The SaaS firm plans to utilise this funding to expand Generative Artificial Intelligence capabilities in SaaS Operations with Zulri’s recent product called CoPilot.

Ritish Reddy, cofounder of Zluri, said, “We started with core capabilities of SaaS management platform which includes discovery, management, automation and security of applications…and now we have got a demand for automation of access audits so we will be focussing on this area with the new investment,”.

Zluri’s 60% of revenue comes from the US market, and the firm is looking to expand further into the US and the UK market.