BetterCloud Analysis
What is BetterCloud?
BetterCloud is a SaaS management platform designed for IT teams to streamline operations. It uniquely combines user lifecycle management, spend optimization, and file governance in one tool. This integration helps organizations cut costs, automate processes, and enhance security across their SaaS applications.
Employees
201-500
Founded
2011
Industry
SaaS, Hrtech, Cloud Infrastructure
Parent Company
Vista Equity Partners
Latest Funding Round Size
Secondary Market
Parent Company Website
Public Company Status
Private
Product Features & Capabilities
- User automation with no-code workflow builder
- Spend optimization for SaaS licenses and renewals
- File governance for compliance and security
- Integration with over 100 SaaS applications
- Dynamic workflow decisioning for onboarding and offboarding.
Use Cases
Automate user onboarding and offboarding processes; Optimize SaaS spending by reclaiming unused licenses; Ensure compliance with security standards and policies; Manage software licenses and contract renewals; Monitor and secure sensitive files across SaaS applications.
Other Considerations
Recognized as a leader in the 2025 Gartner Magic Quadrant for SaaS Management Platforms; Offers a 3x ROI guarantee within 90 days; Trusted by thousands of IT teams globally.
Recent Venture Round Amount
The most recent venture funding round for BetterCloud is the Secondary Market round on March 10, 2022, with an amount raised that is undisclosed. Therefore, I cannot provide a specific amount.
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Financial Overview
Seed
May 10, 2012
Series A
Jan 12, 2013
Investors: Flybridge
Series B
Sep 25, 2013
Investors: Flybridge
Series C
May 16, 2014
Series D
Mar 26, 2015
Investors: Accel
Series E
Apr 5, 2018
Investors: Bain Capital Ventures
Corporate Round
Sep 25, 2019
Investors: Dropbox
Series F
May 20, 2020
Investors: Warburg Pincus
Secondary Market
Apr 21, 2021
Secondary Market
Mar 10, 2022