Bootstrapped for 8 years, Xensam has now snapped up $40M for AI that manages software assets

Software asset management — enterprise IT aiming, in part, to help companies save money — continues to draw a lot of money itself. In the latest development, Xensam, a startup out of Stockholm that provides AI-based tools to help businesses understand and track where and how software is being used, has raised $40 million. This is the startup’s first outside funding since being founded eight years ago.
The funding is coming from a single investor, Expedition Growth Capital out of London. Oskar Fösker, Xensam’s CEO who co-founded the company with his brother Gustav (the CTO), said in an interview that …