Another startup in the industry gets funded, as US based ZineOne secures close to $2.5 million from the likes of New York based Seeds Angels and Hyderabad Angels along with other angel investors. In what may seem an excellent opportunity for this AI powered, events driven interactions platform to use the funds to enhance its offerings, ZineOne aims to do exactly that.
If reports are to be believed, the company is looking make an enhanced offering in the field of machine learning and artificial intelligence and hence boost their customer experience across digital channels and devices.
Founded in 2013 by Debjani Deb, Manish Malhotra and Arnab Mukherjee, ZineOne provides an event-driven brand-to-user interactions, through its real-time stream processing platform powered by machine learning. It lets brands interact with customers contextually across channels. HDFC, BioPharmX, Strava are some of it major clients.
With offices across India as well, with its big data technology stack, ZineOne aims to process its customer activity data and provide sub-second responses. the company also named Venkat Rama Mohan Reddy, Hyderabad Angels’ advisory board member, as a director, who is also a founder and executive chairman of IT and engineering services company Cyient Ltd. He had also served NASSCOM as its chairman.
As the field of artificial intelligence is witnessing a growing popularity, many investors have shown their interest in backing up the new ideas in the field of AI and machine learning. Earlier this month, Analytics India Magazine had reported the e commerce firm with its AI based assistant, Niki.ai, receiving a $2 million Series A funding from San Francisco-based SAP.iO, and existing investor Unilazer Ventures.
Julia, one of the fastest high performance open source computing language for machine learning, AI and data analytics jobs, got seed funded from General Catalyst and Founder of Collective investors. Unbxd also raised $12.5 million funding aiming to invest in AI engine to boost product discovery.