Stockholm-based Xensam raises €37 million to fuel the next generation of AI-powered Software Asset Management

As the SaaS market continues to grow considerably, the number of software tools used by organisations and businesses of all sizes has exploded. Its intuitive platform allows IT executives and other stakeholders to understand precisely how users interact with applications across the entire digital infrastructure, delivering significant cost and efficiency savings. We’re thrilled to partner with Expedition Growth Capital to help fuel the next phase of our expansion.” Xensam’s platform with its perpetual agent can identify hundreds of thousands of applications, whether they are SaaS or on-premise, to provide a comprehensive organisational overview across hybrid environments. Gustav Fösker, co-founder and CTO of Xensam, commented: “By pioneering AI from the start, we’ve transformed SAM for hundreds of companies, making it user-friendly and removing manual work. In the nearly eight years they have been operating, they have built a critical solution which is enabling companies with thousands of employees to track, monitor and manage software usage.