Licify provides a cloud‑based platform that automatically discovers, tracks, and manages software licenses across on‑premises and cloud environments. It gives IT, procurement, and compliance teams real‑time visibility into usage versus entitlement, alerts on under‑utilized or non‑compliant licenses, and offers cost‑saving recommendations and audit‑ready reporting.
Funding
$3.4M 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.
6OAVBMFounders
Product
Problem
Businesses often struggle to manage software licensing compliance and optimization, leading to overspending, legal risks, and operational inefficiencies.
Solution
Licify offers a cloud-based platform that automates the discovery, tracking, and management of software licenses across an organization. The service continuously scans installed applications, matches them to purchased license agreements, and provides real-time visibility into usage versus entitlement. It alerts administrators to underutilized or non-compliant licenses and recommends rightsizing actions to reduce costs. Integrated reporting tools enable audit readiness and simplify license renewal processes. The platform supports multiple vendors and licensing models, allowing enterprises to enforce consistent policies and negotiate better terms with suppliers.
Target Audience
Primary customers are IT administrators, procurement teams, and compliance officers in mid-sized to large enterprises that need to control software spend and ensure licensing compliance.
Features
- Automated discovery of installed software across on-premises and cloud environments
- Centralized license inventory that maps usage data to contractual entitlements
- Real-time compliance alerts and cost-saving recommendations
- Customizable dashboards and exportable audit reports
- Support for a wide range of licensing models (perpetual, subscription, user-based, device-based)
- API integrations with IT asset management and procurement systems