Fundraising Fox

BetterCloud

Acquired

New York, US · Founded 2012 · Delaware corporation · 138 employees on LinkedIn · 9 known investors

BetterCloud is a SaaS management platform for IT teams that automates user lifecycle processes, access management, and security policies across multiple SaaS applications. The platform enables customers to reduce manual SaaS management work while maintaining centralized data protection and threat prevention.

Also known as BetterCloud, Inc.

Founders & leadership

BetterCloud was founded in 2012 by David Politis.

DPDavid Politis
David PolitisinFounder and Executive Chairman2023–2026
JT
Jonathan T. HallettExecutive
BH
Bart HackingExecutive
JT
Jonathan T HallettNamed on SEC filing

Board

DA
David AranoffBoard director
DA
David AronoffBoard director
MC
Michael CoteBoard director

Investors · 9

Reported raises · per SEC filings

Form D private placements

$168.6M disclosed across 5 rounds · 2014–2020

$75MraisedMay 2020 · 21 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Rixson Bartley HackingExecutive Officer
  • Enrique SalemDirector
  • David PolitisExecutive Officer, Director
  • David AronoffDirector
  • Arun MathewDirector
  • Jonathan HalletExecutive Officer, Director
  • Brian ChangDirector
Offering amount
$75M
Amount sold
$75M
First sale
May 2020
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$59.9MraisedApr 2018 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David PolitisExecutive Officer, Director
  • Arun MathewDirector
  • David AronoffDirector
  • Jonathan T HallettExecutive Officer, Director
  • Enrique SalemDirector
Offering amount
$59.9M
Amount sold
$59.9M
First sale
Mar 2018
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$76.8KraisedJan 2016 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Bart HackingExecutive Officer
  • David AronoffDirector
  • Michael R CoteDirector
  • David PolitisExecutive Officer, Director
  • Jonathan T HallettExecutive Officer, Director
Offering amount
$76.8K
Amount sold
$76.8K
First sale
Jan 2016
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$25MraisedMar 2015 · 21 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • David PolitisExecutive Officer, Director, Promoter
  • David AranoffDirector
  • Jonathan T. HallettExecutive Officer, Director
  • Michael CoteDirector
  • Bart HackingExecutive Officer
Offering amount
$25M
Amount sold
$25M
First sale
Mar 2015
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$8.6MraisedMay 2014 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • David PolitisExecutive Officer, Director
  • Bart HackingExecutive Officer
  • David AronoffDirector
  • Jonathan T HallettExecutive Officer, Director
Offering amount
$8.6M
Amount sold
$8.6M
Minimum investment
$574
First sale
Apr 2014
Incorporated
Corporation, Delaware, 2012
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

BetterCloud is an independent software vendor headquartered in New York City with engineering offices in Atlanta, Georgia, that builds unified SaaS management software [4]. The platform gives IT teams a single workspace to discover, automate, and govern SaaS applications, users, spend, and, more recently, AI agents. Core capabilities include a no-code drag-and-drop workflow builder for onboarding, offboarding, and mid-lifecycle user changes; SaaS application access and entitlement management; file/content governance and scanning for policy violations; granular user roles and permissions; and license reclamation, renewal management, spend benchmarking, and shadow IT discovery [0][2][3]. The company states the platform can eliminate up to 78% of SaaS management work and ships with more than 100 integrations and 1,000+ out-of-the-box actions, with support for custom integrations [2][3].

More recent product work centers on an "IT Agent" that allows IT staff to query their SaaS environment and initiate actions in natural language. The agent is described as human-in-the-loop, requiring explicit approval before any action executes, supporting rollback of multi-step actions, running multiple agents in parallel with separate task contexts, and maintaining persistent chat history for audit and review; initial focus is on Google Workspace [0][3].

BetterCloud originated as a Google Apps management tool. Its first product, DomainWatch, was a security tool for Google Docs, Google Sites, and Google Calendar, followed by FlashPanel, which was rebranded in February 2015 as BetterCloud for Google Apps alongside a beta product for Microsoft Office 365. In December 2016 the company completed a pivot from G Suite to general SaaS management, and by September 2018 supported connections to G Suite, Atlassian, Box, Dropbox, Namely, Office 365, Okta, Salesforce, Slack, and Zendesk [4]. The company also coined and promoted the "SaaSOps" category [5].

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Competitors · 10

by search overlap
Netezza428 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Zluri394 shared keywordsZluri provides an identity security platform built on IRIS, a real-time identity intelligence layer that discovers, analyzes, and governs human and non-human identities and their access across enterprise systems. It offers identity visibility, cross-system access mapping, governance, lifecycle automation, and access orchestration for enterprises.
Cloudeagle345 shared keywordsCloudEagle.ai is a SaaS management platform that gives enterprises a single command center to discover, secure, govern, and optimize their SaaS and AI applications, identities, access, licenses, and renewals. It serves IT, security, and procurement teams with tools for spend optimization, procurement workflows, access governance, and identity lifecycle management.
Zylo206 shared keywordsZylo provides SaaS and AI spend management software that discovers, tracks, and optimizes enterprise software spending by analyzing financial data and using AI models trained on over $75 billion in transaction data. The platform is designed for enterprise organizations to gain complete visibility and control over their software spend across multiple business units and applications.
Flexera203 shared keywordsFlexera provides Flexera One, a technology management platform that gives enterprises visibility and control over AI, SaaS, cloud, software, and hardware spend and assets. It serves large organizations with capabilities across IT asset management, FinOps, SaaS management, and AI cost management.
JumpCloud199 shared keywordsJumpCloud is an AI-powered unified IT management platform that provides identity, access, and device management for organizations managing both human users and non-human AI identities. The platform consolidates management of users, devices, and resources across cloud and on-premises environments to deliver intelligent security and compliance.
Spendflo182 shared keywordsSpendflo builds Flo, an autonomous procurement workforce of AI agents that runs the intake-to-pay cycle — handling purchase requests, contract tracking, and invoice matching — while human teams approve only what needs them. Originally a SaaS spend management platform, it serves finance and procurement teams at businesses managing many vendors, contracts, and subscriptions.
Vendr174 shared keywordsVendr provides a SaaS pricing intelligence platform and AI-powered negotiation tools for procurement, finance, and IT teams to benchmark software costs and reduce overpayment. The company aggregates transaction data from thousands of SaaS purchases to deliver data-driven negotiation strategies and autonomous contract negotiation capabilities.
Invgate168 shared keywordsInvGate provides IT management software with two solutions for IT service management (ITSM) and IT asset management (ITAM), including a no-code workflow builder, service catalog, and AI tools for service operations. It serves IT teams and enterprise organizations looking to manage service delivery, IT spend, and asset lifecycles.
Cloudflare Turnstile155 shared keywordsCloudflare provides a global cloud network platform delivering security, performance, and development services through sixty-plus integrated services including SASE, application security, and full-stack development infrastructure.

Companies competing with BetterCloud for the same Google search keywords, organic and paid, via search-intersection analysis.

Legal entities · 1

corporate structure
BetterCloudDelaware

In the news

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does BetterCloud do?
BetterCloud is a SaaS management platform for IT teams, acquired by cloud-governance vendor CoreStack in March 2026.
Who founded BetterCloud?
BetterCloud was founded by David Politis in 2012.
Who are BetterCloud's investors?
BetterCloud's investors include Accel, BLH Venture Partners, LLC, Flybridge Capital Partners, Greycroft, Millennium Technology Value Partners, Tribeca Venture Partners, Bain Capital Ventures, Greycroft Partners and 1 more.
How much funding has BetterCloud raised?
BetterCloud has disclosed $168.6M raised across 5 rounds.
Where is BetterCloud headquartered?
BetterCloud is headquartered in New York, US.