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The company intends to utilize the capital to expand its product's ability to serve state and local government agencies, build out new strategic partnerships, and expand its market presence
FREMONT, CA: Zencity, a Tel Aviv, Israel-based provider of AI-based insights for local governments, raised a $13.5m funding round.
TLV Partners led the round and with active participation from strategic investor Salesforce Ventures, in addition to the company's existing investors – Canaan Partners Israel (CPI), Vertex Ventures, M12 – Microsoft's Venture Fund, and i3 Equity Partners.
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The company plans to utilize the capital to expand its product's ability to serve state and local government agencies, build out new strategic partnerships, and expand its market presence.
Established in 2015 and led by Eyal Feder-Levy, CEO, Zencity utilizes advanced AI to provide local government agencies with actionable insights about their communities' needs and priorities based on discourse in digital channels. The platform collects millions of resident-generated data points from a multitude of sources and utilizing AI algorithms, transforms this mass of unstructured data into ongoing and real-time insights for local government leaders. These abilities enable local governments to understand wide-scale community feedback and make sure they can hear the range of their residents' voices. The company today supports more than 150 cities and counties of all sizes across four countries and 28 US states – including major cities like Houston Los Angeles, and Chicago, mid-size communities like FL, Fort Lauderdale, and Dayton, OH; and even small communities like State College, PA.
"We are proud to be able to help the heroic women and men of local government at a time when resident feedback is incredibly valuable and are looking forward to continuing in these efforts thanks to our incredible partners," stated Eyal Feder-Levy, Zencity CEO. "Now more than ever, this investment is further proof of local governments' acute need for real-time resident feedback. The ability to provide municipal leaders with actionable data improves the efficiency and effectiveness of their work."
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