Zinier Closes $90 Million Series C
Singapore – January 24, 2020 – Cooley advised intelligent field service automation company Zinier on its $90 million Series C financing. Partners Matthew Bartus – who co-chairs Cooley’s global emerging companies and venture capital practice and recently relocated from Silicon Valley to Cooley’s newly opened Singapore office – and Seth Gottlieb led the team advising Zinier.
New investor ICONIQ Capital led the round, with new participation from Tiger Global Management and return investors Accel, Founders Fund, Nolia-backed NGP Capital, France-based Newfund Capital and Qualcomm Ventures. Zinier will use the capital to support global customer adoption and expand its AI-driven field service automation platform, ISAC.
“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,” Zinier co-founder and CEO Arka Dhar said in a news release. “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.”
Less than two years ago, Zinier built ISAC from the ground up and entered the market to help enterprises make the leap from reactive field service management to proactive field service automation. Since then, Zinier has worked with leading global companies like Black & Veatch and Car-Sa and formed strategic partnerships with system integrators like Capgemini and Tata Consultancy Services.
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