What is Salto?
Salto specializes in simplifying the complex process of configuring business applications such as Salesforce, NetSuite, and HubSpot. By extracting and translating application configurations into a standardized, structured textual representation, Salto enhances operational efficiency for its clients. Founded in 2019 and headquartered in Tel Aviv, Israel, the company is positioned to address the growing need for seamless integration and management of diverse enterprise software solutions.
How much funding has Salto raised?
Salto has raised a total of $69M across 2 funding rounds:
Series A
$27M
Series B
$42M
Series A (2020): $27M with participation from Salesforce Ventures, Bessemer Venture Partners, and Lightspeed Venture Partners
Series B (2021): $42M led by Salesforce Ventures, Lightspeed Venture Partners, Accel, and Bessemer Venture Partners
Key Investors in Salto
Salesforce Ventures
Salesforce Ventures is the venture capital arm of Salesforce, a global leader in customer relationship management (CRM) software. They focus on investing in companies that enhance the Salesforce ecosystem and drive innovation in enterprise cloud solutions.
Bessemer Venture Partners
Bessemer Venture Partners is a prominent venture capital firm with a long history, investing in early and growth-stage technology companies across various sectors. They are known for their strategic guidance and support to portfolio companies.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global venture capital firm that invests in early and growth-stage technology companies. Their focus spans enterprise software, consumer, fintech, and infrastructure, aiming to partner with founders from seed to IPO.
What's next for Salto?
The substantial enterprise-level funding and recent strategic investment indicate a strong market validation for Salto's innovative approach to application configuration. This capital infusion is expected to fuel further product development, market expansion, and strategic partnerships, solidifying Salto's position as a key player in the business operations and application management space. The company is poised for accelerated growth, aiming to capture a larger share of the enterprise software market.
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