Salto, a Tel Aviv, Israel-based provider of a SaaS solution for business application configuration, emerged from stealth raising $27m in Series A funding.
The round was led by Bessemer Venture Partners, Lightspeed Venture Partners and Salesforce Ventures.
The company will use the funds to launch the enterprise version of it project.
Co-founded by veteran Israeli entrepreneurs Rami Tamir, Benny Schnaider and Gil Hoffer, Salto provides companies with a SaaS solution to configure business applications such as Salesforce, HubSpot, Marketo and NetSuite, among others.
The company, which has offered an open source project since early 2020, is now launching an enterprise solution. Salto automatically extracts the configuration elements of different business applications (e.g. fields, flows or processes) and translates them to a new declarative language called NaCl (“Not Another Configuration Language”). Using NaCl with Git, the applications’ configurations can be collaboratively edited and deployed back to the live business apps, or to a staging environment for testing.
With the system, the different configuration elements are searchable, and major changes can be properly planned, monitored and synchronized across the many business applications a company uses. Configuration changes to multiple business applications can be easily tested, tracked or even rolled back if needed.
FinSMEs
27/10/2020