Zylo, a SaaS management platform, raises $31.5M

Zylo recently beat its previous growth record by close to 30%, he noted, doubling new business year-over-year and adding customers such as Adobe, Atlassian, Coupa, DoorDash, Intuit, Slack, Salesforce and Yahoo! “Our investors recognize the significant opportunity in front of us due to companies’ accelerated spending on SaaS subscriptions, costly renewals and lack of visibility across the enterprise,” Christopher said. “It’s the right time to capitalize on these circumstances, given the economic challenges heading into 2023.” Zylo was incubated at the aforementioned High Alpha, an Indianapolis-based venture studio focused on conceiving enterprise cloud companies, and founded in 2016 by Christopher, Cory Wheeler and Ben Pippenger. “Zylo helps IT and finance leaders reign in the chaos of unknown and unmanaged software with comprehensive and ongoing discovery, followed by operationalizing the most important business process related to SaaS: renewal management. We drive cost-avoidance and savings by lowering current and future opex while improving employees’ experience with the SaaS applications they depend on.” Christopher wouldn’t reveal exact revenue figures.