Zencity raises $30 million for community insights and analytics platform
The Israeli startup offers government organizations insights from resident feedback through the analysis of millions of pieces of anonymized and aggregated data points alongside continuous, community-based polling
CTech | 21:31 29.06.2021
Zencity, a community insights and analytics platform for state and local governments, announced on Tuesday the closing of an additional $30 million investment from existing investors — TLV Partners, Vertex Ventures Israel, Salesforce Ventures, M12 - Microsoft’s venture fund, and Canaan Partners Israel. This investment brings Zencity’s total funding since its founding to over $50 million. Founded in 2015, by CEO Eyal Feder-Levy and CTO Ido Ivry, Zencity provides municipalities and other local authorities data-based insights enabling them to make better decisions with a deeper understanding of their resident’s needs and desires. The company makes use of artificial intelligence to analyze data aggregated from resident-generated data from sources including social media, mobile applications, and city hotlines and create actionable insights for mayors, municipal department heads, and other decision-makers. The insights help the local authorities better understand the wide scope of their residents’ needs.