Zencity, a Tel Aviv, Israel-based provider of AI-based insights for local governments, closed a $13.5m funding round.
The round was led by TLV Partners and joined by 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.
The company intends to use the funds to expand its product’s ability to serve state and local government agencies, build out new strategic partnerships and further expand its market presence.
Founded in 2015 and led by Eyal Feder-Levy, CEO, Zencity uses 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 using AI algorithms, transforms this mass of unstructured data into real-time and ongoing insights for local government leaders. These capabilities allow local governments to understand wide-scale community feedback and ensure they can hear the range of their residents’ voices. The company today supports over 150 cities and counties of all sizes across four countries and 28 US states – including major cities like Los Angeles, Houston and Chicago, mid-size communities like Fort Lauderdale, FL, and Dayton, OH; and even small communities like State College, PA.