Baird Capital Invests in Zylo
Zylo, the enterprise leader in SaaS Management, today announced $31.5 million in Series C funding led by Baird Capital’s Venture team. The funding will allow Zylo to invest further in product advancements and continue to expand go-to-market and engineering teams in the Indianapolis area, along with hybrid hiring throughout the country.
"Investment in SaaS became even more critical in the past few years as companies sought to prioritize new tools and technology that helped keep their businesses running in the pandemic. However, this new environment contributed to accelerated SaaS spending and deployments that have lost efficiency and control, thus becoming its own challenge that is impacting companies globally," said Benedict Rocchio, Partner at Baird Capital and new Zylo board member. "Baird Capital clearly recognizes the value that Zylo provides to their customers through SaaS management and believes it is of even increased importance in the current economic climate."
This funding announcement comes on the heels of a record-setting year. In addition to Zylo’s increases in demand, new business and customer retention, the company was named by G2 as a leader in two categories: SaaS Spend Management and SaaS Operations Management.