HomeUSAZengines Closes $9M Financing Round

Zengines Closes $9M Financing Round

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Zengines, a Boston, MA-based provider of AI-based data management software, raised $9M in funding.

The round was led by Hyde Park Venture Partners.

The company intends to use the funds to further accelerate its product development and market growth.

Led by Caitlyn Truong, co-founder and CEO, and Carl Drisko, co-founder and CTO, Zengines provides an AI platform that automates the end-to-end data migration process, reducing the time, cost, and risk associated with data conversions, system migrations, and data onboarding for a variety of business solutions. It is used by enterprises, software vendors, and consultants across multiple industries. Its Data Migration platform has three major components:

  • The Zengines Analyzer, which identifies data requirements for new target systems through intelligent discovery and analysis of the sources of data. 
  • The Zengines Mapper, which applies AI and machine learning to generate field and pick-list matches and transforms the data according to compliance, quality, system, and business requirements. 
  • The Zengines Loader, which moves the transformed data to the target systems directly or via load files and tests and validates the converted data.

FinSMEs

12/11/2024

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