Zencity, a New York City and Tel Aviv, Israel-based based community engagement platform for local governments, raised $40m in Series C funding.
The round, which brought the total raised by the company to $91m, was led by StepStone Group, with participation from existing investors TLV Partners.
The company intends to use the funds to advance its artificial intelligence capabilities, including key hires in engineering and data science, and in enhanced customer service for its local government partners on four continents.
Led by Eyal Feder-Levy, CEO, Zencity is a government technology company with a platform for community trust, purpose-built for government. By featuring comprehensive community input tools, analytics, and expert support, Zencity empowers government and public safety leaders with the data to make more informed decisions that earn residents’ trust. The company today serves cities, counties and agencies in over 40 US states, and covers a global footprint of over 200 million people. More than 300 government agencies use Zencity every day, from Los Angeles, Chicago, and Harris County, TX, to Greensboro, NC, Ft. Lauderdale, FL, and Colorado Springs, CO.
The company has also today launched the “Zencity AI Assistant” – a tool that reduces the effort and time governments spend gathering and understanding community input. The new Zencity AI Assistant will:
- Create new engagement projects, survey questions, suggest images, create landing pages, and automatically translate them into dozens of languages for maximum accessibility.
- Serve as an analyst and answer questions instantly about data in plain language, cross-referencing from multiple sources including surveys and social media, improving the ability to quickly draw insights.
- Create charts and reports, and provide written and visual context for leaders, enabling the integration of community input in decision-making meetings and other workflows.
This tool is now available in a closed beta to select Zencity customers, and will be generally available this summer, and the company is working on several other exciting releases in engagement in data analysis over the coming months.
FinSMEs
18/06/2024