Provides a SaaS management and procurement platform that uses AI-driven analytics to identify unused licenses, optimize software spend, and streamline procurement workflows. By centralizing contract management, automating user provisioning, and offering the largest price benchmarking database, it reduces SaaS costs by up to 30% while ensuring compliance and operational efficiency.
Funding
$3.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Managing a growing portfolio of SaaS applications can be complex, leading to wasted spending, ungoverned access, and increased security risks. Many organizations lack visibility into their SaaS landscape, resulting in unused licenses, duplicate applications, and inefficient procurement processes. This complexity makes it difficult for IT, procurement, and security teams to effectively manage and optimize their SaaS investments.
Solution
CloudEagle provides an AI-powered SaaS management platform that gives organizations complete visibility and control over their SaaS ecosystem. The platform automates SaaS governance, optimizes spending by identifying and eliminating waste, and streamlines procurement workflows. By integrating with over 500 applications, CloudEagle provides accurate usage insights, automates license harvesting, and ensures compliance. The platform's AI-driven analytics and benchmarking data enable customers to negotiate better pricing with vendors and optimize their tech stack, resulting in significant cost savings and improved operational efficiency.
Target Audience
CloudEagle is designed for IT, procurement, security, and finance teams in mid-sized to large enterprises that are struggling to manage and optimize their growing SaaS portfolios.
Features
- AI-powered discovery to detect and prevent shadow IT, providing 100% visibility into SaaS spend, usage, and licenses
- Automated license harvesting to reclaim unused licenses and eliminate duplicate applications
- AI-driven contract metadata extraction and renewal calendar to streamline contract management
- Self-service app catalog with Slack integration for employee onboarding and offboarding
- Role-based access control and privileged access management to ensure compliance and security
- Price benchmarking data to identify opportunities for cost savings during renewal negotiations
- Integration with popular tools like Slack, Coupa, Jira, and Ironclad for seamless workflow automation
- Real-time monitoring of feature-level usage to identify underutilized licenses
- Automated generation of SOC 2 compliance reports