Zylo
Indianapolis, US · Founded 2016 · Delaware corporation · 11 known investors
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.
AI & Machine LearningEnterprise SoftwareSaaS
Founders & leadership
Zylo was founded in 2016 by Eric Christopher and Cory Wheeler.
Board
ET
SD
KA
SP
Steve PrudenBoard director
Investors · 11
Bessemer Venture PartnersRedwood City · $5M – $100Mvia Byron Deeter · board
High AlphaIndianapolisvia Kristian Andersen · board
Hyde Park Venture PartnersChicago · $500K – $3M
MassMutual VenturesSpringfield · $500K – $5M
Menlo VenturesSan Francisco · $1M – $20M
Baird CapitalreportedChicago
Baird Venture PartnersreportedChicago
Salesforce VenturesreportedSan Francisco · $5M – $50M
Slack FundreportedSan Francisco
Also in the syndicate · 2
Coupa VenturesSpring Lake Equity Partners
Funding
SEC filings, press & company announcements$72.3M disclosed across 5 of 6 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)
▶$36.7MraisedFeb 2023 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$22.5MraisedSep 2019 · 10 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$9.3MraisedJan 2018 · 18 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$3.4MraisedOct 2016 · 23 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$500KraisedJul 2016 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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.
Founder mafia
2 people who came through Zylo went on to found or lead other companies.
Competitors · 10
by search overlapCloudeagle426 shared keywordsCloudEagle.ai is a SaaS management platform that gives enterprises a single command center to discover, secure, govern, and optimize their SaaS and AI applications, identities, access, licenses, and renewals. It serves IT, security, and procurement teams with tools for spend optimization, procurement workflows, access governance, and identity lifecycle management.
Spendflo397 shared keywordsSpendflo builds Flo, an autonomous procurement workforce of AI agents that runs the intake-to-pay cycle — handling purchase requests, contract tracking, and invoice matching — while human teams approve only what needs them. Originally a SaaS spend management platform, it serves finance and procurement teams at businesses managing many vendors, contracts, and subscriptions.
Vendr365 shared keywordsVendr provides a SaaS pricing intelligence platform and AI-powered negotiation tools for procurement, finance, and IT teams to benchmark software costs and reduce overpayment. The company aggregates transaction data from thousands of SaaS purchases to deliver data-driven negotiation strategies and autonomous contract negotiation capabilities.
Zluri288 shared keywordsZluri provides an identity security platform built on IRIS, a real-time identity intelligence layer that discovers, analyzes, and governs human and non-human identities and their access across enterprise systems. It offers identity visibility, cross-system access mapping, governance, lifecycle automation, and access orchestration for enterprises.
Netezza261 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Flexera255 shared keywordsFlexera provides IT technology value optimization software, including tools for IT asset management (ITAM), FinOps, and management of SaaS, cloud, and technology spend through its Flexera One platform. It serves IT teams and ITAM/FinOps leaders in enterprises seeking visibility and cost control across hybrid and cloud environments.
Zoom236 shared keywordsZoom operates an AI-powered work platform for video communications and collaboration, including products such as Zoom Contact Center. It serves businesses and enterprises for remote and hybrid work communication.
Docket HQ234 shared keywordsZoom offers an AI-first work platform for video communication and collaboration, used by businesses for meetings, contact center operations, and customer engagement. It provides developer tools like the Zoom Video SDK for embedding video experiences into third-party applications.
Orb231 shared keywordsOrb provides billing and revenue infrastructure for software companies, enabling usage-based and hybrid pricing models. The platform allows developers to automate billing workflows while giving product and finance teams tools to experiment with pricing and reporting.
Jotform210 shared keywordsJotform is an online form builder that lets users create professional forms without coding, with support for conditional logic, payments, reporting, and workflow automation. The platform serves businesses of all sizes looking to collect data, accept payments, and integrate form submissions with third-party applications.
Companies competing with Zylo for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Zylo do?
- 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.
- Who founded Zylo?
- Zylo was founded by Eric Christopher, Cory Wheeler 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 6 known rounds.
- Where is Zylo headquartered?
- Zylo is headquartered in Indianapolis, US.