BetterCloud provides a SaaSOps platform to discover, manage and secure the digital workplace. Thousands of customers across 60+ countries use the platform to automate processes and policies across a company’s SaaS application portfolio. The company is led by CEO David Politis and has offices in New York City, San Francisco and Atlanta. Recent initiatives include a strategic partnership and technology integration with OneLogin and the launch of BetterCloud Content Scanning for Google Drive, Microsoft SharePoint and OneDrive, Box, Dropbox and Slack. BetterCloud closed a $75M financing round and said it will use the funds to accelerate product innovation. The financing brought the company’s total amount raised to $187M. BetterCloud is a SaaS operations management (SaaSOps) platform that enables IT and security teams to define, remediate, and enforce management and security policies across SaaS applications. Led by CEO and founder David Politis, the company provides continuous event monitoring, threat remediation, and fully automated policy enforcement. Over 2,500 customers in 60+ countries use BetterCloud. The company plans to use incoming funds to accelerate platform development and commercial efforts. BetterCloud has offices in New York City, San Francisco, and Atlanta. It is building a deep integration with Dropbox to expand data protection, content scanning for sensitive data, and automation capabilities for Dropbox teams. BetterCloud offers a SaaS operations management platform that lets IT define, remediate and enforce management and security policies across SaaS applications. The company is led by CEO David Politis and serves over 2,500 customers in 60+ countries. It is NYC-based. BetterCloud closed a $60M Series E that brought total funding to $107M. The company intends to use the proceeds to scale sales and marketing and accelerate product innovation for its platform. As part of the financing, Enrique Salem (Bain Capital Ventures) and Arun Mathew (Accel) will join BetterCloud’s board of directors. BetterCloud provides a one-stop management and monitoring platform for cloud office productivity software, originally focused on Google Apps and recently extending to Office 365. Its core product includes dashboards like Domain Health and Insights that use customer data to detect anomalies and surface security and compliance issues. The company says it already manages more than 2 billion documents and has grown to 50,000 companies on the platform (up from 15,000 in early 2013), with over 1,000 organizations signed up for its Office 365 beta. BetterCloud plans to expand its analytics and feature set and bring its Office 365 product out of beta, relying on development to turn usage data into actionable insights. The startup has been rapidly hiring—tripling headcount in 2014—and splits its workforce roughly equally between New York and Atlanta. Its total funding before this round and after this raise is $47 million. BetterCloud provides management and security software for cloud-enabled organizations, with FlashPanel as its flagship cloud-based directory management and enterprise security application. FlashPanel gives IT administrators added controls, visibility, and automation. It is installed by over 22,000 companies and has 14 million users worldwide. The company is led by founder and CEO David Politis and also has offices in Atlanta, GA. BetterCloud plans to expand FlashPanel beyond the Google Apps suite, beginning with user management and security features for Salesforce.com and later integrating with Zendesk and other systems. The company intends to use new funds to grow its engineering teams to accelerate Google Apps functionality and build integrations with other cloud platforms.

Total raised

$178M

Funding rounds

7

Latest round

Series F

Latest activity

May 2020