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Beamy lands $9M to help enterprises detect and manage their SaaS apps –

Perhaps one of the strongest examples of software “eating the world,” as the popular VC once put it, is the growth of service-as-a-service (SaaS). According to According to Statista, 2021, the market for SaaS apps and services was approximately $ 145.5 billion – up from $ 120.7 billion by 2020. One source estimates that companies now spend 15% of their budget on SaaS devices.

But as the SaaS model continues to gain popularity, especially in the business, businesses are facing challenges in managing their large registrations. In a exploration commissioned by Productiv (which admits it has a competitive edge, rather than selling products to manage SaaS services), nearly half of the IT departments in the business say they have spent unlimited time delivering and managing SaaS programs. In addition to being time-consuming, SaaS apps can also pose a security risk. 85 percent of companies responding to the 2021 Shield adaptation report believe SaaS malpractice poses a high risk to their organization.

Beamy is one of several startup centers that aims to address the SaaS management challenge with a platform that promises to facilitate SaaS app installation, update, and maintenance. Beamy, announcing today that it has raised $ 9 million in revolutions ($ 6 million in equity and $ 3 million in loans) led by Aglaé Ventures and ISAI, claims that their products could detect and can control SaaS programs in a “distributed way”, using algorithms that follow the life cycle of each app and illuminate potential risks of security and compliance.

“With SaaS apps now everywhere, it is time for big companies to behave appropriately, but there is a significant decline in the number of SaaS applications in large companies. SaaS costs are estimated to grow ninefold. in the coming years, while 80% of business applications are set to be delivered on SaaS models by 2031, ”founder and CEO Andréa Jacquemin told TechCrunch. “SaaS is not just an IT issue, it is above all organizational issues that affect all C-suite figures.”

From the ground

Andréa Jacquemin started Paris, France Beamy 2017 with Anna Naydenova and Edouard Dossot. It is the second project by Jacquemin after Local View, an advertising agency specializing in drive-to-store marketing, or marketing aimed at attracting customers.

While building Local View, Jacquemin saw that the company’s customers were struggling to manage their multiple SaaS subscriptions. Beamy’s idea is the result of a desire to build a customer management solution.

Beamy

Beamy’s SaaS dashboard management dashboard.

“The SaaS management market is both dynamic and dynamic,” Jacquemin said. “SaaS is not just IT, or technology. It is about how businesses are changing every day to promote digitization. SaaS has become a vector of digitization for large companies because all of their business lines are using this type of software. I am convinced that change The change that will take place here will be the biggest story in the next decade. “

Beamy is definitely not the only product of its kind. Companies such as Meta SaaS, AppOmni, and Productiv above also provide SaaS security and management controls to companies. Others, such as Atmosec and Grip Security, focus specifically on the security aspects of SaaS management.

But Jacquemin makes the case – many of his rivals, in his opinion – in contrast to Beamy’s focus on “big and traditional companies” in the heritage markets. “In culture, for large businesses, we have profitability and productivity that works better than our competitors, with flexible data types [and] the flow of private administration work suitable for large companies, ”he said. “[Our main competitors] the address of the technology companies. “

The Beamy site detects the app by analyzing customer data including financial transactions and staffing and one-on-one records. Algorithms, including filtering trained in data collection by more than 100,000 companies, determine the flow of data from SaaS software and detect the SaaS platform that is not in Beamy’s knowledge base. Beamy then assesses the risks associated with the SaaS package in terms of requirements such as security breach and GDPR compliance to produce “critical points” for each program.

In the absence of an independent platform, we have to take Jacquemin’s word where it applies to the accuracy of Beamy’s SaaS detection and risk points.

When asked about another sensitive topic – secret – Jacquemin said Beamy automatically cleans up the detection data and avoids detection of the SaaS app through web browsers, which he claims could make it safer than other methods to find out.

Looking ahead

Beamy stands to benefit from the growth of SaaS management. According to Gartner, by 2026, 50% of organizations that use multiple SaaS programs will be central to the management and use of this platform using the SaaS management platform – an increase of less than 20% by 2021.

Beamy, which currently works with “dozens of clients” including LVMH, BNP Paribas, Engie, and Orange, plans to ride the waves. Jacquemin said the goal is to generate revenue from recent investments in product development, expansion of new geography, and approximately double the size of its workforce by 40 by the end of the year.

The total amount of capital raised by the company is $ 10 million.

“In our markets, [recent events like] “The spread has only intensified the SaaS explosion, which has helped raise Beamy’s awareness, especially of CIOs,” Jacquemin said. “SaaS explosion management is fast, but the real issue is profound – the high vision of IT is over and now … [trend] IT decentralization for business, business. “