Xensam Secures $40M Growth Funding to Expand AI-Powered Software Asset Management Solutions

Xensam is making strides in software asset management by utilizing AI and automation.

Source: Xensam

Company Name: Xensam
Location: Stockholm, Sweden
Sector: Technology/Software Asset Management
Funding Details: Raised $40M in Growth funding from Expedition Growth Capital.
Purpose of Investment: To invest in AI product development and expand operations in the US and Europe.

Leadership: CEO Oskar Fösker and CTO Gustav Fösker
Product: Xensam offers an AI-powered SaaS platform that enhances software asset management for enterprises globally, optimizing software usage, ensuring security, and minimizing costs. The platform includes a Security Centre for identifying compliance issues and security vulnerabilities.

About Company: Xensam is making strides in software asset management by utilizing AI and automation. With a growth rate of over 126% year-on-year, Xensam has proven the value of its innovative and user-centric technology, serving notable clients like Polestar, Northvolt, and Jabil.

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