BetterCloud

BetterCloud

SaaSOps platform for managing SaaS applications

About BetterCloud

Simplify's Rating
Why BetterCloud is rated
C+
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

Cybersecurity

Company Size

201-500

Company Stage

Series F

Total Funding

$181.7M

Headquarters

New York City, New York

Founded

2011

Overview

BetterCloud specializes in SaaSOps, focusing on optimizing and securing the digital workplace for organizations that use multiple Software-as-a-Service (SaaS) applications. Its platform offers tools for IT professionals to manage, monitor, and secure these applications, helping them maintain control over their digital environments. BetterCloud's services include directory integration, file alerts, workflows, and privilege management, which automate routine tasks and enhance security. Unlike many competitors, BetterCloud provides a comprehensive suite of features tailored to the needs of both small businesses and large enterprises, all through a subscription-based model. The company's goal is to streamline operations and reduce the complexity of managing SaaS ecosystems, ensuring that clients can effectively navigate the growing reliance on cloud-based software.

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Simplify's Take

What believers are saying

  • Growing demand for SaaS management platforms boosts BetterCloud's market potential.
  • Strategic partnership with G2 enhances BetterCloud's market visibility and credibility.
  • New leadership with growth experience could accelerate BetterCloud's market expansion.

What critics are saying

  • Emerging competitors like Lumos could challenge BetterCloud's market position.
  • Economic downturns may reduce IT budgets, affecting BetterCloud's subscription revenue.
  • New executive appointments may lead to strategic shifts disrupting current operations.

What makes BetterCloud unique

  • BetterCloud automates user lifecycle management and data protection for SaaS applications.
  • The platform offers a powerful integration library for seamless SaaS operations.
  • BetterCloud provides 'Zero Touch' SaaS operations in less than two months.

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Funding

Total Funding

$181.7M

Below

Industry Average

Funded Over

8 Rounds

Notable Investors:
Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Health & Wellness: Medical, Dental, and Vision benefits including HSA and FSA, along with Mental Health Days, and dedicated mental health resources through Spring Health

Financial Benefits: 401(K), Quarterly financial wellness support, Stock Options

Time Away: Generous PTO and Wellness Days

Distributed Work: Make your home office your own with a workspace stipend

Family Support: Parental Leave for all families, fertility benefits, and flexible spending account for dependent care

Community: Regular In person and remote events; Employee Resource Groups

New Hire Program: Cross-functional buddy to help you learn the ropes

Reward & Recognition: Monthly, quarterly, and annual awards recognizing employee impact and contributions

Growth & Insights and Company News

Headcount

6 month growth

-18%

1 year growth

-18%

2 year growth

-18%
Street Insider
Jul 11th, 2024
BetterCloud Named the Sole Leader by G2 Across All 5 Key SaaS Management Categories

BetterCloud named the sole Leader by G2 across all 5 key SaaS Management categories.

TechCrunch
May 23rd, 2024
Lumos Helps Companies Manage Their Employees’ Identities — And Access

Andrej Safundzic, Alan Flores Lopez and Leo Mehr met in a class at Stanford focusing on ethics, public policy and technological change. Safundzic — speaking to TechCrunch — says that the class drove home the point that few people, particularly in the corporate sector, have control over their online identities.“The future of software is in automating manual workflows fully end-to-end,” Safundzic said. “Authorization decisions are probably one of the first workflows that make sense for this, since they’re a very straightforward — but also highly frequent — need with real business impact.”It’s this seed of an idea that led Safundzic, Lopez and Mehr to brainstorm ways to better manage digital corporate identities. Their efforts culminated in Lumos, a platform that helps companies manage app access permissions across on-premises and cloud environments. Lumos, which can be accessed via a command line or the web, helps to orchestrate tasks like audits of which users have access to which apps and systems within a corporate environment. Beyond this, Lumos can estimate and recommend ways to reduce spend on software licenses by tracking usage and integrating expenses data

PR Newswire
Mar 12th, 2024
BetterCloud Announces Acquisition of G2 Track & Strategic Partnership with G2

BetterCloud announces acquisition of G2 Track & strategic partnership with G2.

BetterCloud
Dec 12th, 2023
New Custom Attributes for Google Workspace now available

In November, BetterCloud Inc. proudly announced Custom Attribute support in its Okta and BambooHR integrations.

BetterCloud
Sep 20th, 2023
September release: Simplifying Workflows through Branching

Earlier this year, BetterCloud Inc. released updates to the Workflow Manager and introduced the ability to schedule Workflows on-demand, giving IT teams more control over their time.

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