Zylo, an Indianapolis-based enterprise SaaS optimization platform, completed a $9.3m Series A funding round.
The round was led by Bessemer Venture Partners with participation from Salesforce Ventures and the Slack Fund as well as existing investors High Alpha Capital, GGV, SV Angel, and Hyde Park Venture Partners. In conjunction with the funding, Byron Deeter of Bessemer Venture Partners will join Zylo’s Board of Directors.
The company will use the funds to grow its entire team, with a priority on the customer success and engineering teams, as well as expand its platform.
Led by Eric Christopher, CEO, Zylo provides a platform for the enterprise to discover all SaaS software applications, manage complex renewals, measure real-time utilization and optimize software licenses for every SaaS subscription in the organization.
The platform gives an organization visibility into what software is used, how much is spent and how to optimize their SaaS and cloud-based software investments.
Zylo works with dozens of the largest enterprises around the world, including industry leaders in pharmaceutical, financial services, cloud consulting and technology sectors.
Integrations include Concur, Expensify, G Suite by Google Cloud, Intacct, Microsoft Office 365, Netsuite, Okta, Onelogin, Salesforce, Slack, Veeva Systems.