BetterCloud, a NYC-based provider of a SaaSOps platform for managing and securing the digital workplace, closed a $75m financing round.
The round was led by Warburg Pincus, with participation from existing investors Accel, Bain Capital Ventures, Flybridge Capital Partners, New Amsterdam Growth Capital, Greycroft and e.ventures.
The company, which brings the total amount raised to $187m, intends to use the funds to accelerate product innovation.
Led by David Politis, CEO, BetterCloud provides SaaSOps solutions to discover, manage and secure the digital workplace. Thousands of customers across 60+ countries use BetterCloud to automate processes and policies across a company’s SaaS application portfolio. The new financing follows key initiatives launched in 2020, including a strategic partnership and technology integration with OneLogin, a leader in identity and access management, and the launch of BetterCloud Content Scanning for Google Drive, Microsoft SharePoint and OneDrive, Box, Dropbox, and Slack. The company also has offices in San Francisco, CA and Atlanta, GA.