Zinier raises $90 million in latest funding round to transform field service with AI
Zinier, a provider of intelligent field service automation, has raised $90 million in Series C funding to transform field service workforces with AI-driven automation.
New investor ICONIQ Capital led the round with new participation from Tiger Global Management, and return investors Accel, Founders Fund, Nokia-backed NGP Capital, France-based Newfund Capital and Qualcomm Ventures LLC. The funding will support global customer adoption and expansion of Zinier’s AI-driven field service automation platform, ISAC.
“Services that we rely on every day - electricity, transportation, communication - are getting by on centuries-old infrastructure that requires a major upgrade for the next generation of users,” said Arka Dhar, co-founder and CEO of Zinier. “A field service workforce powered by both people and automation is necessary to execute the massive amount of work required to not only maintain these critical human infrastructures, but to also prepare for growth. Our team is focused on enabling this transformation across industries through intelligent field service automation.”
Less than two years ago, Zinier built its own technology platform, ISAC, from the ground up and entered the market to help enterprises make the leap from reactive field service management to proactive field service automation. Since then, Zinier has worked with leading global companies like Black & Veatch and Car-Sa, and formed strategic partnerships with system integrators like Capgemini and Tata Consultancy Services.
This round of funding will accelerate:
- Continued global expansion including entry into Australia, Brazil, Chile, France and the Iberian Peninsula.
- R&D to expand ISAC’s AI-driven platform capabilities and configurability.
- Expansion into additional industries that rely on field service work for business success.
- Partnerships with leading system integrators around the world.
2020 will be a pivotal year for companies providing services across telecom, energy, utilities and beyond. From the preparation for 5G to managing new data streams created by IoT-connected devices, field service organizations are a key driver of business growth and enabling game-changing developments.
For more information about this news, visit www.zinier.com.