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Israel’s Salto Offers Open Sources SaaS Solutions

It just raised $42 million.

Salto is an Israeli startup which offers enterprise apps configuration, among other things. The company just raised $42 million in a Series B financing round led by Accel, with participation from existing investors Salesforce Ventures, Bessemer Venture Partners and Lightspeed Venture Partners. This brings the total amount of funding raised by Salto to $69 million.

Founded in 2019 by Benny Schnaider, Gil Hoffer, and Rami Tamir, Salto reimagines the way business applications are configured and managed. It does do so by bringing concepts and methodologies from the software development and DevOps worlds – the use of structured language, version control and automation – into the business operations environment. They call this approach “Company-as-Code.”

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“Business application management is becoming more and more crucial to the success of modern companies,” says Salto. The company believes that providing business operation teams with the “right tools will help them meet the rapidly changing business needs of their companies and lead them to success.”

Providing both an Open Source and an Enterprise SaaS product, Salto boasts that it enables BizOps professionals to manage their business applications’ configuration holistically and efficiently, turning otherwise manual, ad-hoc and error-prone workflows into streamlined and automated processes. By extracting the configurations of different business applications, including Salesforce, NetSuite and HubSpot, and translating them to one single declarative representation.”

“Over the past few years, we’ve seen enterprises adopt literally hundreds of SaaS applications,” says Salto CEO Rami Tamir. “Salto is the connective tissue that has been completely missing and applies widely adopted engineering principles to business operations and SaaS. We provide insights into how all the systems are configured and allow teams to untangle them, track and extend those changes across applications, and enforce a process to make each department’s stack of software operate as a cohesive whole.”

“Salto creates an ecosystem where business application administrators can make changes to applications swiftly and efficiently,” said Alex Kayyal, partner and head of international at Salesforce Ventures. “We’re incredibly excited by the team’s vision to improve business agility through automation across SaaS applications as they provide clear value to customers globally.”

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