Zylo
Indianapolis, US · Founded 2016 · Delaware corporation · 161 employees on LinkedIn · 11 known investors
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Zylo provides SaaS and AI spend management software that discovers, tracks, and optimizes enterprise software spending by analyzing financial data and using AI models trained on over $75 billion in transaction data. The platform is designed for enterprise organizations to gain complete visibility and control over their software spend across multiple business units and applications.
Also known as Zylo, Inc.
Founders & leadership
Zylo was founded in 2016 by Eric Christopher, Cory Wheeler, and Ben Pippenger.
Board
Investors · 11
Also in the syndicate · 2
Funding
SEC filings, press & company announcements$72.3M disclosed across 5 of 8 rounds · 2016–2026
- Undisclosed amountSeries CMay 2026
Baird Capital (lead), Bessemer Venture Partners, Coupa Ventures, High Alpha, Menlo Ventures, Spring Lake Equity Partners
Source ↗
▶$36.7MraisedFeb 2023 · 10 investors · Other TechnologyRule 506(b)
- Steven PurdenDirector
- Matthew MurphyDirector
- Cynthia StoddardDirector
- Benedict RocchioDirector
- Byron DeeterDirector
- Scott D. DorseyDirector
- Eric ChristopherExecutive Officer, Director
- Offering amount
- $36.7M
- Amount sold
- $36.7M
- First sale
- Nov 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$22.5MraisedSep 2019 · 10 investors · Other TechnologyRule 506(b)
- Byron DeeterDirector
- Eric ChristopherExecutive Officer, Director
- Steve PrudenDirector
- Scott DorseyExecutive Officer, Director
- Devin BurnsExecutive Officer
- Matthew MurphyExecutive Officer, Director
- Offering amount
- $22.5M
- Amount sold
- $22.5M
- Minimum investment
- $50K
- First sale
- Sep 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$9.3MraisedJan 2018 · 18 investors · Other TechnologyRule 506(b)
- Steve PrudenDirector
- Kristian AndersenDirector
- Scott DorseyExecutive Officer, Director
- Eric TobiasExecutive Officer, Director
- Eric ChristopherExecutive Officer, Director
- Byron DeeterDirector
- Offering amount
- $9.3M
- Amount sold
- $9.3M
- Minimum investment
- $25K
- First sale
- Jan 2018
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$3.4MraisedOct 2016 · 23 investors · Other TechnologyRule 506(b)
- Eric TobiasExecutive Officer, Director
- Scott DorseyExecutive Officer, Director
- Eric ChristopherExecutive Officer, Director
- Kristian AndersenExecutive Officer, Director
- Steve PrudenDirector
- Offering amount
- $3.4M
- Amount sold
- $3.4M
- First sale
- Sep 2016
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$500KraisedJul 2016 · 1 investors · Other TechnologyRule 506(b)
- Eric ChristopherExecutive Officer, Director
- Eric TobiasExecutive Officer, Director
- Scott DorseyExecutive Officer, Director
- Steve PrudenDirector
- Kristian AndersenExecutive Officer, Director
- Offering amount
- $500K
- Amount sold
- $500K
- First sale
- Jun 2016
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Zylo operates a SaaS management platform that acts as a system of record for enterprise software and AI spend. The platform aggregates and normalizes data from finance, procurement and IT systems — including ERP, accounts payable and expense platforms — to continuously discover applications an organization is paying for, categorize them, and unify spend, license usage and contract data in a single view.
Core capabilities span three areas: visibility (continuous discovery and categorization of applications, AI-assisted contract ingestion, unified reporting on spend, usage and vendors); cost optimization (monitoring of spend and usage trends, tracking of consumption-based AI spend, forecasting of true-up exposure, and prioritization of renewals by savings potential with price benchmarking); and governance (a documented system of record for contracts and entitlements, automated spend categorization by business unit, and audit and policy-enforcement support). Alongside the platform, Zylo sells services including SaaS Operations and a SaaS Negotiator offering, and markets an AI layer called Zylo Clarity AI plus Model Context Protocol support. Use cases promoted by the company include shadow IT discovery, renewal savings, license waste reduction, AI cost control, cost allocation, application redundancy and M&A software consolidation.
Founding story
Zylo was founded in 2016 by leaders from ExactTarget and Salesforce, who observed that enterprises had changed how they bought software but not how they managed it, leaving SaaS spend distributed across the organization with little centralized visibility. The company positions its founding team as Ben Pippenger, Eric Christopher and Cory Wheeler, and describes building what it calls the first system of record for software.
Business model
Zylo sells subscription software to enterprises, complemented by professional services such as SaaS Operations support and contract negotiation assistance. Pricing information is offered through the company's website and sales process rather than published rates in the available material.
Enterprise software platform sold to organizations, with additional managed and advisory services (SaaS Operations, SaaS Negotiator) offered alongside the platform.
Traction
Zylo reports processing more than $2 trillion in total business spend, discovering and categorizing more than $75 billion in SaaS and cloud spend, and normalizing more than 40 million licenses. Customer-reported outcomes cited by the company include REA Group identifying 150 shadow IT applications, ModMed avoiding $1.4 million in costs by reclaiming 2,800 unused licenses, and Insurity reducing software spend by 85% on a major renewal.
Latest developments
Zylo has extended its platform toward AI spend management, including AI consumption tracking, Zylo Clarity AI and Model Context Protocol support, and describes pursuing agentic SaaS management with conversational interfaces and proactive agents. It was named a Leader in the 2026 Gartner Magic Quadrant for SaaS Management Platforms and publishes ongoing research such as the 2026 SaaS Management Index.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Zylo positions itself as a category creator in SaaS management and cites recognition as a Leader in the 2024, 2025 and 2026 Gartner Magic Quadrant for SaaS Management Platforms and as a Customers' Choice in the 2025 Gartner Peer Insights 'Voice of the Customer' report for the category.
The company differentiates on financial-data-based discovery (as opposed to agent- or browser-extension-based inventory), the scale of its spend dataset used for benchmarking and model training, coverage of consumption-based AI spend alongside traditional seat-based SaaS, explainable AI outputs, and an accompanying services organization and outcomes framework.
Technology
The platform's discovery is based on financial transaction analysis rather than browser extensions or desktop agents: it ingests direct purchases and employee expense data and uses machine learning models trained on more than $75 billion in transaction data to match, verify and categorize applications. Other components include AI-powered contract ingestion, real-time spend and usage monitoring, tracking of consumption-based AI usage, true-up and runaway-spend forecasting, price benchmarking, and Zylo Clarity AI, which the company describes as explainable rather than black-box. The architecture is multi-tenant with API-first integrations across finance, procurement and IT systems, role-based access controls, encryption in storage and transit, and SOC 2 certified infrastructure.
Go-to-market
Direct enterprise sales driven by demo requests, supported by content marketing including blogs, podcasts, research reports such as the SaaS Management Index, webinars and virtual events (for example an AI Spend Summit), customer case studies, analyst recognition, and a partner program.
Large enterprises and Global 2000 organizations, sold to IT and software asset management, procurement, and FinOps leaders responsible for software portfolios spanning multiple business units. Named customers and reference organizations include Hyatt, FIS, The Home Depot, Atlassian, Netflix, Barracuda, Relativity, Genesys, Marigold, ModMed, Insurity, Imagine Learning and REA Group.
Geography
Headquartered in Indianapolis, Indiana, serving global, multi-business-unit enterprise customers.
History
Founded in 2016 in Indianapolis, Zylo introduced a machine-learning discovery engine in 2017 to identify and categorize SaaS spend. It raised a $31.5 million Series C led by Baird Capital and later secured an additional $5 million from MassMutual Ventures. The company has been named a Leader in the Gartner Magic Quadrant for SaaS Management Platforms in 2024, 2025 and 2026, and reports processing more than $2 trillion in total business spend and tracking more than 40 million licenses. More recently it has extended the platform to consumption-based AI spend and to what it describes as agentic SaaS management, with conversational interfaces and automated agents.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
3 people who came through Zylo went on to found or lead other companies.
Competitors · 10
by search overlap
Companies competing with Zylo for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 4
launches, deals, and filingsZylo was named a Leader in the Gartner Magic Quadrant for SaaS Management Platforms in 2024, 2025 and 2026, and was named a Customers' Choice in the 2025 Gartner Peer Insights 'Voice of the Customer' for SaaS Management Platforms.
Zylo secured an additional $5 million in funding from MassMutual Ventures to fund continued growth amid demand for spend management.
$5M source ↗
Zylo announced a $31.5 million Series C round led by Baird Capital.
$31.5M source ↗
Zylo states its AI work began in 2017 with a machine-learning discovery engine for identifying and categorizing SaaS spend.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 8
primary sources listed
- Zylozylo.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Zylo do?
- Zylo is an enterprise SaaS and AI spend management platform that discovers, tracks and optimizes software spending.
- Who founded Zylo?
- Zylo was founded by Eric Christopher, Cory Wheeler, Ben Pippenger in 2016.
- Who are Zylo's investors?
- Zylo's investors include Bessemer Venture Partners, High Alpha, Hyde Park Venture Partners, MassMutual Ventures, Menlo Ventures, Baird Capital, Baird Venture Partners, Salesforce Ventures and 1 more.
- How much funding has Zylo raised?
- Zylo has disclosed $72.3M raised across 5 of its 8 known rounds.
- Where is Zylo headquartered?
- Zylo is headquartered in Indianapolis, US.