Zinier, the US-based developer of a service automation software platform, secured $90m yesterday in a series C round featuring Qualcomm Ventures, mobile semiconductor producer Qualcomm’s corporate venture capital subsidiary.
The round was led by multi-family office Iconiq Capital and included NGP Capital, the VC firm spun out of communications technology producer Nokia, as well as Tiger Global Management, Accel, Founders Fund and Newfund Capital.
Founded in 2015, Zinier has created a field service automation platform that uses artificial intelligence to assess the ongoing state of an organisation’s equipment and proactively assess when they may require maintenance.
The funding will be spent on improvements to Zinier’s core platform, ISAC, and international expansion plans.
Zinier’s co-founder and chief executive, Arka Dhar, said: “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.
“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.”
Accel led an $8m series A round for the company in early 2018 that included Newfund Capital, Stanford StartX and existing investors Kunal Bahl, Rohit Bansal and Ken Glass.
Zinier added $22m in a March 2019 series B round also led by Accel and backed by Qualcomm Ventures, NGP Capital, Founders Fund and Newfund Capital.
