Setyl is a London-based private company specializing in IT asset and license management solutions. Here's an in-depth analysis of the company:
Setyl offers a cloud-based platform designed to provide organizations with comprehensive visibility and control over their IT assets, software applications, licenses, and associated expenditures. The platform aims to streamline IT operations, reduce costs, and mitigate security risks.
Established in 2020 by Christopher Batts and Milorad Doljanin, Setyl has rapidly developed its platform to address the evolving needs of IT management. Christopher Batts serves as the company's CEO.
Setyl has secured approximately $1.27 million in funding from investors including Abraham Thomas, Key Capital (Switzerland), and Yarrow Capital. Specific details regarding the company's current valuation are not publicly disclosed.
Setyl's platform encompasses several key features:
Hardware Asset Management: Provides full visibility into asset status and location, tracks the entire asset lifecycle, and includes device auto-detection capabilities.
Software Asset Management: Consolidates all SaaS subscriptions, software licenses, and applications into a centralized register, monitors software usage and renewals, and detects shadow IT through software and login auto-detection.
People Management: Facilitates seamless onboarding and offboarding processes, manages employee asset requests, and deploys surveys to audit asset receipt and usage.
IT Spend Management: Builds a comprehensive picture of the organization's IT spend, provides financial reports, and optimizes license allocation to reduce unnecessary costs.
Setyl continually updates its platform to meet the dynamic needs of IT management. While specific recent feature releases are not detailed in the available information, the company emphasizes its commitment to providing comprehensive IT asset and license management solutions.
