Bootstrapped for 8 years, Xensam has now snapped up $40M for AI that manages software assets
Software Asset Management powered by AI
Xensam, a software asset management company, has recently secured $40 million in funding to further develop its AI-powered platform. The company, which has been bootstrapped for the past eight years, aims to help organizations effectively manage and optimize their software assets.
With the increasing complexity and cost of software licenses, organizations face challenges in keeping track of their software assets. Xensam’s AI-driven platform provides a solution by automating the software asset management process, ensuring compliance, and optimizing costs.
The platform utilizes advanced machine learning algorithms to analyze software usage patterns, identify unused licenses, and assist in license renewals and audits. By leveraging AI, Xensam enables organizations to make data-driven decisions, reduce wastage, and allocate resources efficiently.
Benefits of Xensam’s AI-powered Software Asset Management
1. Enhanced Compliance: Xensam’s AI algorithms continuously monitor software installations and usage, ensuring compliance with licensing agreements and preventing costly fines.
2. Cost Optimization: By identifying unused licenses and suggesting license reharvesting, Xensam’s platform helps organizations optimize their software costs and reduce unnecessary expenses.
3. Data-driven Decision Making: Xensam’s AI provides valuable insights into software usage patterns, enabling organizations to make informed decisions about software procurement, usage, and license renewals.
4. Efficient Audits: With its automated tracking and reporting capabilities, Xensam streamlines the audit process, saving time and resources during license audits.
5. Improved Resource Allocation: By accurately tracking software assets, organizations can better allocate resources, ensuring that software licenses are utilized efficiently and effectively.
With the increasing reliance on technology and software in today’s business landscape, effective software asset management becomes crucial for organizations. Xensam’s AI-powered platform offers a comprehensive solution, addressing the challenges of software asset management while driving cost savings and compliance.
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Conclusion
With the recent funding, Xensam is poised to further enhance its AI-powered software asset management platform. By leveraging machine learning algorithms, Xensam enables organizations to effectively manage their software assets, optimize costs, and ensure compliance. As software complexities continue to grow, Xensam’s innovative solution becomes increasingly valuable for businesses seeking efficient software asset management.
Key takeaways:
- Xensam, a software asset management company, has secured $40 million in funding.
- Their AI-powered platform automates software asset management, ensuring compliance and optimizing costs.
- The platform utilizes advanced machine learning algorithms for analyzing software usage patterns and license management.
- Benefits include enhanced compliance, cost optimization, data-driven decision making, efficient audits, and improved resource allocation.
