BetterCloud announced in a blog post the company has closed a $75 million financing round led by Warburg Pincus, alongside existing investors Accel, Bain Capital Ventures, Flybridge Capital Partners, New Amsterdam Growth Capital, Greycroft, and e.ventures have also participated. David Politis, founder and CEO of BetterCloud also stated in the blog post that the company introduced a new IT category, SaaSOps, all the new processes, skills, and tools IT needs.
Continuous product advancements & innovation
The company also stated that the funding round will help the company continue to achieve the vision of being the leader in SaaSOps, enabling companies to discover, manage, and secure their cloud applications in a best-of-breed world. David Politis, founder and CEO of BetterCloud also said,
“We’ll be able to accelerate our product development and expand the number of supported SaaSOps use cases. In fact, in the past two months alone, we’ve launched new Workflow Templates, a partnership and integration with OneLogin, and Content Scanning for Google Drive, Microsoft SharePoint and OneDrive, Box, Dropbox, and Slack.
We’ll continue delivering an outstanding experience for our customers, who need us more than ever. Our company culture, which we’ve been building over the past nine years, is a powerful differentiator. In addition, we’ll keep championing the SaaSOps community and movement in order to elevate IT and transform their role.”