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 250 employees in 5 countries. Tien Tzuo, a co-founder of the company, has served as its CEO since 2007.
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.
Zuora sells a billing, commerce, and finance SaaS platform with multiple modules available for businesses utilizing a subscription-service model.
Zuora's Billing Product Line is a set of applications designed for subscription businesses. Zuora’s platform keeps track of subscription payments, invoices, pricing, product catalogs, and taxation. Customers of Zuora select several SaaS applications for their specific billing needs. These include “Z-Billing," “Z-Payments,” and “Z-Tax.”
Zuora's Commerce Product Line is a set of applications designed for businesses hoping to sell products in a subscription business. This includes an application called “Z-Payments Page” taking subscription orders on a company’s website in a PCI compliant manner. One of Zuora’s most popular Commerce Line products is a “business-to-business” native Force.com application called Z-Force. The application allows sales reps to create subscription orders in Salesforce.com and it also allows Salesforce users to view subscription-related data in SalesForce.
Zuora's Subscription Finance Product Line is a set of applications designed to manage the complexity of accounting and revenue recognition operations for subscription businesses. It allows businesses to summarize their subscription transactions and create journal entries for their accounting close processes in any General Ledger system. It also helps businesses manage revenue recognition, with codes and triggers that control how subscription revenue should be recognized for each subscription charge over time.
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