Zylo

Zylo

SaaS management platform for spend optimization

About Zylo

Simplify's Rating
Why Zylo is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

51-200

Company Stage

Series C

Total Funding

$72.9M

Headquarters

Indianapolis, Indiana

Founded

2016

Overview

Company Does Not Provide H1B Sponsorship

Zylo provides a platform for managing Software as a Service (SaaS) applications, helping businesses discover, optimize, and govern their software usage. The platform offers tools that allow organizations to monitor their SaaS spending, manage associated risks, and enhance the experience for employees by delivering real-time insights and analytics. Zylo operates on a subscription-based model, where clients pay for access to its features, which cater to a wide range of businesses from small enterprises to large corporations, particularly focusing on IT, software asset management, and procurement professionals. What sets Zylo apart from its competitors is its comprehensive approach to SaaS management, combining spend optimization with risk reduction and employee experience improvements. The company's goal is to empower organizations to take control of their SaaS investments and maximize their value.

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Simplify's Take

What believers are saying

  • Increased demand for SaaS management solutions as companies adopt more SaaS applications.
  • Growing importance of AI-powered analytics in SaaS management for decision-making and cost savings.
  • Emerging regulations drive companies to invest in SaaS management solutions for compliance.

What critics are saying

  • Emerging competition from Nintex's new application development product, Nintex Apps.
  • Potential regulatory challenges requiring accurate inventories of application portfolios.
  • Risk of underestimating SaaS spend, leading to budget overruns and financial mismanagement.

What makes Zylo unique

  • Zylo offers the first standalone SaaS discovery and inventory solution, Zylo Discover.
  • Zylo's AI-powered Savings Center quantifies the value of SaaS management programs.
  • Zylo is recognized as a Leader in the Gartner Magic Quadrant for SaaS Management Platforms.

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Funding

Total Funding

$72.9M

Meets

Industry Average

Funded Over

3 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$5M
Zylo
$40M
Figma
$50M
Medium
$62M
SeatGeek
$100M
Oura

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

-2%
PR Newswire
Nov 18th, 2024
Nintex Introduces Nintex Apps, Enabling Businesses And Partners To Easily Build Engaging Applications That Drive Productivity And Innovation

Nintex Apps connects with Nintex Workflow and Document Automation to streamline complex work and unify data across systems. BELLEVUE, Wash., Nov. 18, 2024 /PRNewswire/ -- Nintex, a global leader in intelligent process automation powered by AI, today announced Nintex Apps – an intuitive application development product that enables business users, IT teams, process experts, and Nintex partners to rapidly build and deploy personalized, business-critical applications. Nintex Apps connects seamlessly with Nintex workflow and document generation products, enabling businesses to easily create purpose-built applications that streamline complex workflows and processes. With Nintex Apps, businesses can easily consolidate data from disparate systems and reduce the need for additional technologies. "What stands out about Nintex Apps is its remarkable ability to accelerate the development process," said Shaun Leisegang, General Manager for Automation, Data, and AI at Tecala, a technology and IT services company

PRWeb
Aug 13th, 2024
Zylo Unveils Zylo Discover, Industry'S First Standalone Saas Discovery & Inventory Solution, Empowering Enterprises With A Complete Saas System Of Record

The market's most intelligent discovery engine, fueled by the most spend data in the industry, delivers a single source of truth for enterprise IT leadersINDIANAPOLIS, Aug. 13, 2024 /PRNewswire-PRWeb/ -- Zylo, the enterprise leader in SaaS Management, today announced the launch of Zylo Discover, the industry's first standalone SaaS discovery and inventory product. Using Zylo's AI-powered discovery engine and the largest SaaS spend dataset in the industry, Zylo Discover enables organizations to build a centralized, categorized, always-on SaaS system of record, a critical starting point for effective SaaS Management.Zylo was recently named a Leader in the inaugural Gartner® Magic Quadrant™ for SaaS Management Platforms.According to Gartner, "through 2027, organizations that fail to centrally manage SaaS life cycles will remain five times more susceptible to a cyber incident or data loss due to incomplete visibility into SaaS usage and configuration." Additionally, Gartner notes that "emerging governmental regulations focused on asset discovery, risk assessment, and disclosure require that many organizations maintain an accurate inventory of their application portfolio."Zylo's research reinforces these findings by Gartner, highlighting the urgent need for centralized SaaS Management. With 83% of applications purchased outside of IT and companies underestimating their SaaS spend by an average of 304%, businesses are struggling to gain visibility and control over their software investments."The market has spoken, and we've listened. Organizations need a clear starting point for SaaS Management, and Zylo Discover is a direct response to this need," said Eric Christopher, co-founder and CEO of Zylo. "An always-on, centralized, and categorized SaaS system of record is the critical first step, empowering a prescriptive roadmap for an effective SaaS Management strategy and enabling companies to reduce unnecessary costs and mitigate risk

PRWeb
Jul 25th, 2024
Zylo Named A Leader In First-Ever Gartner(R) Magic Quadrant(Tm) For Saas Management Platforms; Positioned Highest In Execution And Furthest In Vision

This is an important inflection point for the SaaS Management industry, and we're honored to be recognized as a Leader in what we feel is a mission-critical category

AiThority
Jan 16th, 2024
Zylo Unveils Usage Connect, Setting New Standard in Enterprise SaaS Management Visibility

Zylo unveils Usage Connect, setting new standard in enterprise SaaS Management visibility.

PRWeb
Oct 3rd, 2023
Zylo Propels Industry Forward With Launch Of Ai-Powered Savings Center To Quantify The Value Of Saas Management Programs

With Zylo's Savings Center, I can easily track all of our savings and cost avoidance data. Its seamless consolidation ensures everyone in our company has access to the same information, enabling us to transparently demonstrate the immense value that procurement contributes to our organization. .

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