News Release

INDIANAPOLIS — The Indianapolis-based technology company, Zylo Inc., has undergone layoffs. Although specific details are not yet released, it is estimated the layoff affected 10% of the company’s staff. As of November, the company reportedly had 125 employees, 75 of which lived in the Indy area and worked remote.

In November, the company announced they had raised $31.5 million in Series C funding and an additional $5 million in February, which brings their total raised to over $71 million since their creation in 2016.

Zylo Inc. was also the recipient of Scale-Up of the Year at the 2023 TechPoint Mira Awards.

Zylo Inc. lauds many high profile customers, including Eli Lily, Nike and Spotify.