ZineOne Inc., a real-time stream processing platform powered by machine learning to provide event driven brand-to-user interactions, recently closed a $2.5 million round of funding, with participation from New York-based Golden Seeds Angels and India based Hyderabad 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. The company is looking to use these funds to further strengthen its offering in the rapidly growing field of streaming analytics and machine learnt models.
“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 have evolved,” said Debjani Deb, CEO of ZineOne. “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. It does so by understanding real-time triggers that enable the best outcomes for our customers.”
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, 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 the future and their users.”
“I am 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 a real-time stream processing platform.” Anthill Ventures was the advisor to ZineOne for this round of funding.
