Zuora

Zuora is an enterprise software company that designs and sells SaaS applications for companies with a subscription business model. Zuora’s applications are designed to automate billing, commerce, and finance operations. Headquartered at 1051 E Hillsdale Blvd., in Foster City, California, Zuora has approximately 500~1000 employees in 11 countries. Tien Tzuo, a co-founder of the company, has served as its CEO since 2007.

In 2007, after several years at WebEx & salesforce.com, K.V. Rao, Cheng Zou and Tien Tzuo founded Zuora. The name of the company derives from a combination of their three surnames.

On December 17, 2007, Zuora announced it had raised $6 million in Series A funding with Benchmark serving as a major investor.

On September 15, 2008 Zuora announced it had raised $15 million in Series B funding, led by Shasta Ventures and Lehman Brothers (now Tenaya Capital).

In October 2010, Zuora raised an additional $25 million in Series C funding, with Redpoint Ventures coming on board as an investor.

On November 4, 2011, Zuora announced it had raised $36 million in Series D funding, led by Index Ventures.

On September 5, 2013, Zuora announced it had raised $50 million in Series E funding. All existing major investors participated in the round in addition to three new investors including Next World Capital, Vulcan Capital and Northgate Capital. Abhishek Agrawal of Vulcan Capital and Craig Hanson of Next World Capital also joined the board of directors.

On March 11, 2015, Zuora raised an additional $115 million in Series F funding.

On May 20, 2015, Zuora acquired Frontleaf and launched Z-Insights, a subscriber experience analytics solution.

Other notable private investors include Founder and CEO of Salesforce.com Marc Benioff and Former PeopleSoft Vice-Chair and Founder and Co-CEO of Workday, Dave Duffield.

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