Data analytics startup, ZineOne Inc today announces that it has raised $2.5 million in a new round of funding led by Hyderabad Angels and New York-based Golden Seeds Angels. A few of high net worth individuals have also participated in this round.
Commenting on the funding, P S Sreekanth, investment director of Hyderabad Angels said, “Any US investment is an opportunistic investment for us. We are excited to partner with ZineOne in its journey to become a market leader as a real-time stream processing platform.”
The Milpitas, California-based AI-powered event-driven interaction platform was founded in 2013 by Debjani Deb, Manish Malhotra and Arnab Mukherjee. The company offers a real-time stream processing platform enabled with machine learning to provide event driven brand-to-user interactions. It enables brands to interact with customers contextually across channels.
Commenting on the development, Debjani Deb, chief executive of ZineOne said, “With the proliferation of digital touch points in industries such as financial services, retail, education technology and healthcare, the rules of engagement with the customer has evolved, customers expect and demand a digitally responsive relationship with brands. Our stream processing stack is designed to process the massive volumes of incoming customer activity data and provide sub-second responses within every customer’s immediate context.”
ZineOne will use the raised capital to enhance its offerings in the field of streaming analytics and machine learning models.
As the part of the funding, BVR Mohan Reddy, advisory board member of Hyderabad Angels will be joining ZineOne as a board of director. He is sure to be a valued member of the board as the company continues growing and expanding. Previously Reddy funded an IT and engineering services company called Cyient Ltd. He was also the chairman of National Association of Software and Services Companies (NASSCOM).
Most recently, Ratan Tata backed startup, Niki.ai has received $2 million Series A funding from San Francisco-based fund SAP.iO and existing investor Ronnie Screwvala’s Unilazer Ventures.