ZineOne Inc., an event driven interactions platform powered by AI to provide real-time brand-to-user interactions across all digital channels, recently closed a $2.5 million round of funding, led by India-based Hyderabad Angels (HA), and with participation from New York-based Golden Seeds Angels and other prominent investors.
This round of funding builds up on an exceptional first quarter of 2017 for ZineOne with rapid growth in its roster of clients and significant expansion within both the U.S. and India offices. The company is looking to use these funds to further enhance its offerings in the rapidly growing field of machine learning and artificial intelligence for omnichannel customer interactions.
“With the proliferation of multiple digital touch points in pretty much every business, be it financial services or retail or healthcare, the rules of engagement with the customer have evolved,” said Debjani Deb, CEO of ZineOne. “Customers expect and demand a digitally responsive relationship with brands. Our big data technology stack is designed to process the massive volumes of incoming customer activity data and provide sub-second responses within every customer’s immediate context. We are looking forward to another year of continued growth that will enable us to further build on the platform’s capabilities to serve the evolving needs of our clients.”
The company also announced the addition of Padma Shri award winner BVR Mohan Reddy and Advisory Board member of Hyderabad Angels to ZineOne’s Board of directors. Reddy is the founder and Executive Chairman of Cyient Ltd. and is recognized as a thought leader in the IT services industry. He has served as the chairman of NASSCOM, the National Association of Software and Services Companies in India, during 2015-16, and has been engaged in various industry and government initiatives such as Make in India, Digital India and Swatch Bharat.
“We are honored to have Shri BVR Mohan Reddy, a recent Padma Shri awardee, join our board,” Deb said. “We are really excited at the prospect of working with him to achieve ZineOne’s vision of an intelligent and machine learnt communications paradigm between the enterprises of future and their users.”
“I am very delighted to join the board of ZineOne,” Reddy said. “I am very impressed with the technology depth and solution capabilities of ZineOne. I am confident that ZineOne will grow rapidly, especially in the context of increased usage of digital technologies.”
“Since the launch of our U.S. chapter, this is our second investment in a U.S. based company in the last few months,” said P.S.Sreekanth, Investment Director, Hyderabad Angels. “We are excited to partner with ZineOne in its journey to become a market leader as the real-time stream processing platform. We are looking at investing in more U.S. based companies going forward, too.”
Anthill Ventures was the advisor to ZineOne for this round of funding.
About ZineOne
ZineOne is an Event Driven Customer Interactions Hub that powers real-time brand-to-user interactions across all digital channels. We bring the power of streaming analytics and machine learning to customer and machine interactions. Our context aware computing technology provides business users tools to rapidly develop, test and deploy new customer interaction solutions. These solutions engage their customers in every step of the buyer journey with one-on-one interactions that are powered by machine learnt patterns and triggers discovered from their real-time activity stream. For more information, visit www.zineone.com.
About Hyderabad Angels
Hyderabad Angels (HA) invests up to USD 1M as part of Pre-Series A in promising early stage companies globally to create tangible as well as intangible value. They are sector and location agnostic and invest in asset light and scalable businesses with existing customer and revenue traction. Having invested ~Rs 40 crores across 25 companies their constant endeavour is to achieve excellence in nurturing and building great companies.
For further information, visit www.hyderabadangels.in
