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.
Employees
201-500
Founded
2016
Industry
SaaS, Data Analytics, AI/ML
Latest Funding Round Size
Series C (additional funding)
Parent Company Website
Public Company Status
Private
Recent Venture Round Amount
$5,000,000
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
Use Cases
Discover and categorize all SaaS applications; Track and optimize software licenses; Manage SaaS renewals and spending; Mitigate risks associated with software usage; Ensure compliance with software asset management
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
Other Considerations
Recognized as a leader in Gartner's Magic Quadrant for SaaS Management; Trusted by major companies like Adobe and Atlassian; Customers report an average 6X return on investment
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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