Zylo Analysis: $72M Raised
What is Zylo?
Zylo specializes in enterprise SaaS management, providing insights and control over software spend. Their AI-driven platform categorizes and manages SaaS applications, enabling organizations to optimize costs and mitigate risks. This approach helps businesses reclaim wasted SaaS expenditures and improve operational efficiency.
HQ Country
Indianapolis, United States
Employees
201-500
Founded
2016
Industry
SaaS, Data Analytics, AI/ML
Product Features & Capabilities
- AI-powered SaaS discovery and inventory management
- License management with usage tracking
- SaaS renewal and spend management
- Benchmark data for cost optimization
- Centralized data control for IT and procurement teams
How much Zylo raised
Seed Round - $3,300,000
October 13, 2016Lead Investor: Not specified
Series A - $9,300,000
January 23, 2018Lead Investor: Bessemer Venture Partners
Series B - $22,500,000
September 26, 2019Lead Investor: Menlo Ventures
Series C - $31,500,000
November 29, 2022Lead Investor: Baird Capital, Spring Lake Equity Partners, Bessemer Venture Partners, Menlo Ventures, High Alpha
Series C (additional funding) - $5,000,000
February 16, 2023Lead Investor: Not specified
Financial Overview
$72MTotal Raised
Seed Round$3,300,000
October 13, 2016
Investors: Not specified
Series A$9,300,000
January 23, 2018
Investors: Bessemer Venture Partners
Series B$22,500,000
September 26, 2019
Investors: Menlo Ventures
Series C$31,500,000
November 29, 2022
Investors: Baird Capital, Spring Lake Equity Partners, Bessemer Venture Partners, Menlo Ventures, High Alpha
Series C (additional funding)$5,000,000
February 16, 2023
Investors: Not specified
