Meta Saas, a company in stealth mode till now, has raised $1.5m in seed round led by serial entrepreneur and visionary Mark Cuban. Meta Saas is a SaaS management tool for small & medium businesses which helps enterprises manage SaaS vendors, reduce SaaS spend, and manage cloud applications from a single and easy to use dashboard.
With businesses using a multitude of Saas products and services, managing all the vendors separately is a pain point which Meta Saas addresses. Further, Meta Saas also claims to reduce current Saas spending by companies which sometimes result into millions of dollars by a huge amount. Further, it also has provisions for employees to check what all SaaS tools are already available in their organizations and avoid duplication.
As per Meta Saas “Meta SaaS monitors license utilization across all of the SaaS vendors at your company and provides easy to read, proactive reports that let you know when you’re paying for SaaS but not using the SaaS licenses. It’s so easy to identify massive savings that you may have to see it to believe it!”
The platform already supports more than 200 SaaS vendors and plan to aggressively add more integrations in the coming days. They have a plan to add more than 90% of the 6000+ Saas vendors to their platform by the end of 2018. The company plans to invest the fund raised to expand its sales & marketing efforts and adding more integrations to the platform.
Some notable names investing in the current seed round are Barracuda Networks, Capital Factory, Deep Space Ventures and GPG Ventures.