Saturday, July 20, 2024
HomeFunding NY-based Zencity Raises $40M Series C Funding

[Funding News] NY-based Zencity Raises $40M Series C Funding

New York City and, Israel-based Zencity has secured $40M Series C Funding led by StepStone Group, with participation from existing investors TLV Partners. This brings the total funding to $91 million.

Read also – [Funding News]Mexican Fintech Unicorn Clip Announces US$100 Mn Investment

The new capital will be invested in deepening Zencity’s artificial intelligence capabilities, including key engineering and data science hires, and in enhanced customer service for the growing roster of local government partners at Zencity on four continents.

Read also – Funding News]  TX-based CesiumAstro Secures $65M Oversubscribed Funding

“Zencity’s mission is to build trust between local governments and the communities that they serve. Our new partnership with StepStone will enable us to set the standard for this important mission through investment in technology, people, and most of all – in our partners,” said Eyal Feder-Levy, CEO, Zencity. “AI-powered capabilities, like the one we’re launching today, put best-in-class technology in the hands of local government leaders that will accelerate that goal, by lowering barriers to seeking community input, and more easily making sense of data we will drive outcomes for the communities that our government partners serve.”

“We believe Zencity could be the category leader in public engagement for the massive government market,” said John Avirett, Partner at StepStone Group. “Zencity is already used to support essential functions in cities from New York to Los Angeles and everywhere in between, and we see a significant opportunity for Zencity to consolidate this fragmented market by delivering next-generation, AI-powered tools that will likely displace legacy solutions over the years to come.”

About Zencity

Founded in 2017, Zencity sets the standard for how state and local governments obtain community input, understand it, and use it to make effective decisions. It strong trust between communities and the government agencies that serve them radically improves life in every community.

- Advertisement -
- Advertisment -

Most Popular