Procurement processes across industries remain riddled with inefficiencies, errors, and compliance risks. Addressing these long-standing challenges, Zylio, a procurement-focused AI startup, has announced fresh backing to accelerate its mission of transforming how finance and procurement teams manage spending. The investment underscores growing interest in automation and real-time analytics for enterprise resource management.
A New Approach to Procurement Oversight
Zylio is building what it calls the first autonomous AI controller for procurement teams. Its technology helps organizations detect pricing mistakes, flag non-compliant items, and uncover hidden costs across invoices, contracts, purchase orders, and supplier quotes. Unlike traditional procurement tools, Zylio requires no ERP integration, allowing companies to begin auditing spend in minutes.
Tackling a Persistent Problem
Most companies today still rely on manual auditing processes, reviewing only 5 to 10 percent of their total spend. This limited coverage leaves significant room for errors and non-compliance to go unnoticed, ultimately affecting profitability and financial accuracy. Zylio’s solution is designed to enable businesses to audit 100 percent of their procurement transactions in real time, eliminating blind spots.
Leadership Behind the Deal
The deal was led by Ilan Benhaim, president of the investment group backing the startup. Additional support came from MFOUNDERS members, highlighting strong confidence in Zylio’s potential to scale rapidly in a crowded but underserved market. This collective endorsement provides the company with not only financial resources but also strategic guidance from experienced operators and investors.
Founding Team with Deep Expertise
At the helm of Zylio is CEO Tarik Aitakkaouali, who brings more than 20 years of experience in B2B SaaS and scale-up growth. He is joined by Chief Revenue Officer Bertrand Dumast, a former AWS leader with a track record in enterprise sales. Completing the team are Chief Product Officer Younès Samir, a specialist in product and user experience, and Chief Technology Officer Oussama Kandakji, who oversees technical development and system architecture.
Market Opportunity and Growth Potential
The global procurement software market is expanding as companies seek to reduce costs and mitigate risks in increasingly complex supply chains. Automation and AI are becoming central to this transformation, enabling organizations to move beyond manual checks and siloed systems. With its autonomous controller, Zylio is positioning itself at the intersection of cost savings, compliance, and operational efficiency.
Early Differentiation and Competitive Edge
One of Zylio’s key differentiators lies in its ability to function independently of existing ERP systems. By removing the need for lengthy and expensive integrations, the startup dramatically lowers the barrier to adoption for companies of all sizes. This speed of deployment, combined with real-time auditing capabilities, creates a competitive edge in a market where many solutions remain slow and fragmented.
Strategic Backing for Future Expansion
The involvement of MFOUNDERS members suggests that Zylio will have access to a broad ecosystem of partners, advisors, and potential customers. This network effect is expected to accelerate the company’s growth trajectory and provide a solid foundation for scaling internationally. With the new funding, Zylio is likely to expand product capabilities, strengthen its go-to-market strategy, and deepen its AI-driven compliance features.
Zylio’s recent backing marks a significant milestone for a startup determined to modernize procurement through autonomous AI. By combining an experienced leadership team with strong investor support, the company is well-positioned to address inefficiencies that have long plagued procurement and finance functions. As organizations continue to demand greater transparency and control over spending, Zylio’s technology could play a defining role in shaping the future of enterprise procurement.