Beamy, European pioneer in SaaS management, raises $9 million

Beamy, a European pioneer in SaaS management for large enterprises, has raised over $9m in Series A funding.

The solution has already attracted notable clients such as LVMH, Decathlon, Orange, Engie and BNP Paribas to provide a framework to govern the decentralization and implementation of their SaaS tools in their businesses.

Beamy, scale-up of STATION F’s “Future 40”, offers companies a unique solution capable of detecting and controlling the explosion of SaaS applications used in a decentralized manner. The platform thus helps CIOs and other CIOs to master this IT/digitalization parallel and to strengthen the technological autonomy of their employees while preserving corporate governance.

Gone are the days when heavy and complex software suites were only implemented and managed by IT departments. For years, SaaS has been exploding uncontrollably in large companies, creating underground digitalization.

In companies with more than 1,000 employees, several hundred different SaaS solutions are used on average, which represents several million dollars in annual costs. According to a recent study by KPMG, the SaaS budget of companies is expected to increase by 90% in the next 10 years, covering several thousand different solutions. A new computing paradigm is emerging.

However, this massive adoption of SaaS largely escapes the control of the CIO, which leads to a considerable underestimation of the real volume of SaaS applications already used by the businesses. Consequently, these companies become very vulnerable to the risk of cyberattacks: each uncontrolled SaaS application represents a potential security breach. Finally, SaaS budgets, which represent an ever-increasing share of business IT, are largely under-optimized. Many SaaS solutions cover the same uses and are therefore redundant, while others are underused or even completely unused.

The need to build a framework of technological autonomy for all professionals

There is a change in the way large enterprises buy, implement, use and manage SaaS software applications. More than an IT phenomenon, the explosion of SaaS has introduced a real change in the organization of companies:

Accepting this trend means allowing employees who consider technology to be vital for carrying out their activities, to get involved and become the first players in their IT landscapes.

For this, Beamy has developed powerful scoring algorithms capable of detecting all the SaaS applications actually implemented in the company. Beamy is then able to follow the evolution of each application over time, to provide employees with a catalog of all the applications implemented in the company, to define an autonomy matrix according to the potential risks of future applications, and to browse an app store of over 50,000 apps on the market.

Beamy thus guarantees a global approach to SaaS governance necessary to support large companies over the long term in structuring their IT decentralization and establishing synergy between all stakeholders (CEOs, CIOs/other CIOs, and business teams).

With an impressive end to 2021, this fundraising will allow the company to accelerate its international development (Beamy is already present in France and the United Kingdom on the international market), to create global leadership , and strengthen the customer relationship by supporting them in their efforts. long-term governance efforts.

To achieve this, Beamy plans to focus its investments on two main areas: recruitment, with the intention of hiring 40 additional team members over the next twelve months, and product development, with the reinforcement of the sensing technology and decentralized workflows to further streamline collaboration between IT teams. and businesses in the implementation and management of new SaaS solutions.

CEO and co-founder of Beamy Andréa Jacquemin
Typically, when we meet a CIO from a large company, he estimates that his organization uses 30-40 SaaS tools. Yet when we start working together, our technology detects several hundred active SaaS solutions, often revealing over 75% shadow IT.