# Zylo

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/zylo

- Industry: Software
- Headquarters: Indianapolis, US
- Website: www.zylo.com
- Total disclosed funding: $69M
- Latest round: Series C (Feb 16, 2023)
- Investors on record: 12

## About

Zylo, Inc., based in the US, is a SaaS management company that empowers organizations with visibility and control over their software assets through its optimization platform.Founded in 2016 in Indianapolis, US, Zylo, Inc. focuses on providing SaaS management solutions. The company has completed 6 deals, with its most recent funding round being a Series C of USD 5.00 mn in February 2023, led by MassMutual Ventures, bringing the total amount raised to USD 5.00 mn. Zylo was co-founded by Ben Pippenger, Cory Wheeler, and Eric Christopher, who also serves as the CEO.Zylo offers a comprehensive SaaS management and optimization platform designed to help businesses gain visibility and control over their software assets. The core product suite includes solutions for SaaS discovery and inventory, license management, renewal and spend management, and SaaS security and governance. By utilizing AI-powered categorization, Zylo provides clients with a complete inventory of their SaaS applications, enabling effective tracking of entitlements, usage, and adoption. The platform is tailored for IT leaders, procurement professionals, and software asset managers, facilitating informed decision-making to optimize software spending and mitigate risks. Zylo serves a diverse client base across various industries, including notable customers such as Adobe and Atlassian. The company operates primarily in North America, Europe, and parts of Asia-Pacific, focusing on enterprises that require sophisticated management of their growing SaaS portfolios.Zylo generates revenue through a subscription-based model, where clients pay for access to its SaaS management platform. This structure allows businesses to engage in ongoing transactions based on their software management needs. Clients typically subscribe to different tiers of service that provide varying levels of support and functionality, tailored to the size and complexity of their SaaS environments. The firm's flagship offerings, including SaaS discovery and license management products, are integral to its revenue generation strategy. While specific pricing plans are not disclosed, the company structures its offerings to accommodate a range of enterprise requirements, ensuring flexibility for clients as they scale their SaaS usage.In February 2023, Zylo, Inc. raised USD 5 million in Series C funding from MassMutual Ventures to support its business growth. The funding will be utilized to enhance its product offerings and expand its market presence, specifically targeting new geographic regions and industries. As Zylo continues to grow, it plans to introduce upcoming features and products designed to meet the evolving needs of its clients, further solidifying its position in the SaaS management space.

## Funding rounds

- Series C, Feb 16, 2023, $5M — MassMutual Ventures
- Series C, Nov 16, 2022, $29M — Baird Capital Partners, Menlo Ventures, Spring Lake Equity Partners, Bessemer Venture Partners, High Alpha, Coupa Ventures
- Series B, Sep 26, 2019, $23M — Menlo Ventures, Bessemer Venture Partners, Revolution Ventures, Salesforce Ventures, High Alpha, Slack Fund
- Seed, Feb 14, 2018 — Revolution Ventures
- Series A, Jan 23, 2018, $9.3M — Bessemer Venture Partners, Salesforce Ventures, Slack Fund
- Seed, Sep 30, 2016, $3.4M — Granite Asia, SV Angel, High Alpha

## Investors

- Granite Asia (https://capitalatlas.ai/funds/granite-asia) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- High Alpha (https://capitalatlas.ai/funds/high-alpha) — Seed, Series B, Series C
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A, Series B
- Slack Fund (https://capitalatlas.ai/funds/slack-fund) — Series A, Series B
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Seed, Series B
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C
- Baird Capital Partners (https://capitalatlas.ai/funds/baird-capital-partners) — Series C
- Spring Lake Equity Partners (https://capitalatlas.ai/funds/spring-lake-equity-partners) — Series C
- Coupa Ventures (https://capitalatlas.ai/funds/coupa-ventures) — Series C
- MassMutual Ventures (https://capitalatlas.ai/funds/massmutual-ventures) — Series C