附近上门

Tel Aviv-based closed a $42 million Series B led by and , just seven months after raising a $27 million Series A.

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The new round 鈥� which brings the company鈥檚 total funding to $69 million 鈥� also included participation from and .

Salto solves a problem some people may not know exists; but every company does. Its platform helps companies manage their SaaS business applications, in essence a foundation layer so companies can easily make changes to large applications such as and and have those changes be made across other business applications, said co-founder and CEO .

This eliminates the need for siloed teams to manually make each change for every application 鈥� slowing down the business.

鈥淭his changes the way people are working with applications and makes them more productive,鈥� said , partner at Accel.

Timing is right

Despite having most of the Series A still in the bank, Tamir said the company chose to add the Series B after being contacted by venture capitalists almost daily looking to invest, as well as demand by customers to add more business applications to the platform. The platform currently works with a handful such as NetSuite and Salesforce, and should have about 15 on it by the end of the year.

鈥淲e felt like we were at the right point in time for acceleration,鈥� Tamir said.

This is not Tamir鈥檚 first time raising money and building a company. He and his fellow co-founders 鈥� and 鈥� have started up companies in the past with successful exits. Most recently was cloud service provider , which was acquired by for a reported $500 million in 2016.

Salto began selling just at the end of last year and has 鈥渢ens鈥� of paying customers, Tamir said. While the company does not sell to specific verticals, Tamir said larger companies 鈥� 300 employees or more 鈥� usually are the type looking for a platform like Salto鈥檚.

While some business applications like NetSuite have their own solutions to help customers manage them, Tamir said he sees no competitor on the market that works with multiple business applications. Cloud providers such as or also have no such offerings that help companies with their SaaS applications, he added.

Salto鈥檚 opportunity is massive, said Botteri.

鈥淭he size and magnitude of the market is enormous,鈥� he said. 鈥淎ny company of any size uses multiple SaaS applications and they need to be able to communicate.鈥�

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