Fundz

Swedish firm Xensam takes on first ever external funding in $40M round

PRIVATEFeb 09, 2024

Amount Raised

$40 Million

Round Type

Funding Round

SolnaInformation TechnologySoftwareIT ManagementSoftware Development

Investors

Expedition Growth Capital

Description

Xensam, a Swedish software asset management platform, announced the onboarding of its first-ever external capital in a $40 million growth funding round. The company aims to use the capital to invest in AI product development and expand operations in the US and Europe.

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Company Information

Company

Xensam

Location

Solna, Stockholm County, Sweden

About

Xensam is the leading technology provider of AI-powered, cloud-delivered Software Asset Management software. Developed by veteran Software Asset Managers, its technology allows IT executives to quickly understand user interactions across the digital estate, optimize IT spending and identify security gaps, with a simple, out-of-the-box setup and an intuitive user interface. Using proprietary AI, Xensam’s normalization engine recognizes more than 450,000 applications, delivering industry-leading levels of visibility across cloud and on-premise environments. The company is headquartered in Stockholm, with a local presence in the UK, the US, and across Europe. Learn more at www.xensam.com.

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Xensam raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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