In recent years development teams have been under increasing pressure to produce software and updates quickly, a trend that s only been accelerated by COVID-19.
Israeli business operations co Salto raises $42m
Salto’s platform offers companies a better return on the dozens of SaaS licenses they already pay for.
Israeli business apps configuration startup Salto today announced that it has completed a $42 million Series B financing round led by Accel, with participation from existing investors Salesforce Ventures, Bessemer Venture Partners and Lightspeed Venture Partners. This brings the total amount of funding raised by Salto to $69 million.
As enterprises call for a more unified way to configure, analyze, and ensure compliance for their standalone SaaS (software as a service) applications, Salto is supplying the demand for a new way to improve the productivity of SaaS administrators.
Salto, a San Francisco, CA- and Tel Aviv, Israel-based business operation (BizOps) startup, raised $42m in Series B funding.
The round, which brought total funding to $69m to date, was led by Accel, with participation from Salesforce Ventures, Bessemer Venture Partners and Lightspeed Venture Partners.
Founded in 2019 by Israeli entrepreneurs Rami Tamir, Benny Schnaider and Gil Hoffer, Salto is a business operations (BizOps) startup which provides solutions to improve the productivity of SaaS administrators on Salesforce, NetSuite and HubSpot. By applying innovative software development concepts and practices, the company provides both an open source and an enterprise SaaS product to simplify, automate and unite configuration, testing, analysis, and compliance across business applications.
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