Provides a cloud-based software asset management platform that uses AI-driven normalization and discovery to identify over 490,000 business applications, track usage, and detect security vulnerabilities. Reduces costs by uncovering underutilized licenses and optimizing SaaS subscriptions, delivering an average ROI of 950% through precise spending analysis and integration with platforms like Oracle and Data Center.
Funding
$40M 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
Many organizations lack comprehensive visibility into their software assets across hybrid IT environments, leading to underutilized licenses, wasted spending, and potential security vulnerabilities. Existing software asset management (SAM) solutions often struggle to accurately discover and normalize the growing number of SaaS, on-premises, and open-source applications. This lack of accurate data hinders effective cost control, compliance efforts, and security posture.
Solution
Xensam provides an AI-powered software asset management platform that delivers complete visibility and control over software assets. The platform automatically discovers and normalizes over 490,000 business applications across SaaS, on-premises, and hybrid environments. By tracking actual software usage, identifying underutilized licenses, and optimizing SaaS subscriptions, Xensam enables organizations to reduce software spending and improve their security posture. The platform's AI-driven insights transform complex data into actionable intelligence, empowering informed decision-making and maximizing software ROI. Xensam integrates with existing IT ecosystems through its DataBridge technology, automating the flow of software intelligence to systems where it drives the most value.
Target Audience
Xensam targets enterprise IT departments, software asset managers, and CIOs seeking to gain visibility into their software landscape, optimize software spending, and improve compliance and security.
Features
- AI-powered discovery engine that identifies SaaS, on-premise, and open-source applications
- Software normalization engine with a high out-of-the-box recognition rate
- Active usage tracking to monitor actual application usage down to the minute
- Cost center functionality to map software costs accurately across departments
- SaaS management platform to discover and manage cloud application ecosystems
- Software license management to ensure compliance and optimize licensing
- IT asset security features to identify vulnerable installations
- DataBridge technology to integrate with existing IT ecosystems
- Software intelligence reporting to transform complex data into actionable insights