In some ways it’s hard to believe that we launched Zylo 5 years ago. An incredible amount has happened in a relatively short period of time since we were just a small team of co-founders and early employees in partnership with High Alpha.
For one, we’ve successfully created and pioneered the SaaS Management market. What was once an idea is now a critical business need for senior leadership in IT and finance and recognized by industry analysts like Forrester and Gartner. Not to mention, there’s been a flurry of market activity – new entrants, acquisitions and lots of funding – that further validates the need for this type of technology. And to take it one step further, we’re seeing more organizations hire SaaS Managers, employees who are dedicated to discovering, optimizing, managing and governing an organization’s SaaS portfolio.
We’ve experienced incredible growth – both as a technology and as a company. In this time, we’ve developed an industry-leading platform that supports more than 150 enterprise customers such as Verizon Media, Adobe, Salesforce, and Atlassian in discovering, optimizing and governing their SaaS investments. Our Discovery methodology and patented matching model are best-in-breed and enable complete visibility of SaaS purchases. And on top of that we’re providing the insights and workflows to easily optimize subscriptions, proactively manage renewals and enable the proper governance and compliance across an organization.
As a company, we’ve raised more than $35 million in funding from powerhouse investors, including Menlo Ventures, Bessemer Venture Partners, High Alpha, Coupa Ventures, Salesforce Ventures and the Slack Fund, who believe in our vision. And we’ve built a truly incredible and rapidly growing team of talented and customer-obsessed professionals. Every day I’m amazed by the spirit, talent and drive of this team and can easily say we wouldn’t be where we are today without them.
And while so much has happened in the past 5 years, it’s safe to say we’re just getting started! Our mission remains the same – to empower companies to harness the power of SaaS while controlling costs, managing risk and enabling employees. And it has never been more relevant as enterprises embrace digital transformation and adopt more SaaS to enable connection, collaboration and drive business outcomes.
It’s been a wild ride so far – and the best is yet to come! Stay tuned for more exciting news in the coming months and if you’re interested in joining us on this adventure, check out our open (remote friendly!) positions.