BetterCloud secured $75 million in Funding round led by Warburg Pincus

BetterCloud, a New York-based provider of a SaaSOps platform for securing and managing the digital workplace, has now secured $75 million in a funding round.

BetterCloud is led by David Politis. It offers SaaSOps solutions to discover, secure, and manage the digital workplace. Customers across the 60 countries use BetterCloud to automate processors and policies across a company SaaS application portfolio. The latest funding brings total funding raised to $187 Million to date.

BetterCloud is witnessing substantial growth for its SaaS management platform due to work from home policy, notes the announcement.

Executive opinion

David Politis, CEO, BetterCloud, said, "In the last decade, we've experienced major inflection points in the transition to SaaS, from the rise of cloud office suites like Salesforce, Google Apps, and O365, to what we today call the digital workplace with a best-in-breed application for virtually every function. But the forced move to remote work in the last two months has accelerated this shift — and there's no turning back. Every company has seen a dramatic change in how they work, prompting a rush to adopt SaaS applications to enable their workforces. Remote work, however, has created a greater need to manage and secure the cloud-based applications that power their businesses. Our customers need us more than ever and this fundraise will help us deliver on our promise to help them navigate this new way of working."

Brian Chang, Managing Director, Warburg Pincus, said, "We partner with category creators and market leaders — BetterCloud has both these attributes and much more. David and his team have developed an impressive SaaSOps category and movement from scratch, building a platform that helps tens of thousands of IT professionals enable their workforces through SaaS applications."

BetterCloud's Latest Funding

The Warburg Pincus led the latest funding round. Other participating investors include the FlyBridge Capital Partners, e.ventures, Accel, New Amsterdam Growth Capital, Bain Capital Ventures, and Greycroft. The company has offices in Atlanta, GA, and San Francisco, CA.

The company, as of now, has plans to use the new funds to accelerate product innovation and meet demands customer needs, notes the announcement.