Data analytics startup, ZineOne has raised ₹16 Crore ($2.5 million) from Hyderabad Angels. The round also saw participation from New York-based Golden Seeds Angels and other high net worth individuals. The company provides a real-time stream processing platform with machine learning and offers event-driven brand-touser interactions. They are also planning to use the newly added funds to strengthen its offering in the fields of streaming analytics and machine learning models. BVR Mohan Reddy, advisory board member of Hyderabad Angels will be joining ZineOne as a board of director.
Debjani Deb, chief executive of ZineOne commented that “With the proliferation of digital touch points in industries such as financial services, retail, education technology and healthcare, the rules of engagement with the customer has evolved, customers expect and demand a digitally responsive relationship with brands. Our stream processing stack is designed to process the massive volumes of incoming customer activity data and provide sub-second responses within every customer’s immediate context.”
P S Sreekanth, investment director of Hyderabad Angels also stated that “Any US investment is an opportunistic investment for us. We are excited to partner with ZineOne in its journey to become a market leader as a real-time stream processing platform.”
This is company’s third overseas investment since they launched a chapter in the US previous year to expand their boundaries by providing international services.