Amount Raised
$6.5 Million
Round Type
Funding Round
Investors
Description
ZestIoT, an Internet-of-Things (IoT) and artificial intelligence (AI) enabled aviation industry management platform, on Wednesday said it has raised $6.5 million in a Series A funding round, led by IvyCap Ventures.The round also saw participation from Loyal VC, a Toronto, Ontario based venture fund.The new capital will be directed towards serving clients in the aviation industry, expanding its talent pool, international expansion, and enhancing passenger experience, ZestIoT said in the statement.ZestIoT connects people, places, assets, and operations through its deep tech platforms GroundRadar and NoCodeAI, helping ground-level workforce to make decisions, predict future outcomes, and drive operational efficiency, safety, end-product quality, and customer experience. With over 100 deployments across various geographies, ZestIoT has a presence in aviation, manufacturing, oil and gas, food and beverage sectors, and holds partnerships with system integrators and OEMs, it added."We firmly believe that ZestIoT has the potential to solve this problem at the grassroots level and emerge as a leader in this segment,” Vikram Gupta, founder and managing partner of IvyCap Ventures, said.Discover the stories of your interestBlockchain5 StoriesCyber-safety7 StoriesFintech9 StoriesE-comm9 StoriesML8 StoriesEdtech6 StoriesAshish Wadhwani, cofounder and managing partner of IvyCap Ventures will be joining the board of ZestIoT on behalf of the fund. In February 2023, IvyCap Ventures had mopped up $214 million from institutional investors in the first close of its third fund.Founded in 2016 by Amit Sukhija, ZestIoT is headquartered in Hyderabad. Its GroundRadar platform brings together airlines, airports, and handlers to collaborate and increase the speed of aircraft turnaround while maintaining operational efficiency and safety
Quick answer
ZestIoT raised $6.5 Million in a Funding Round round, dated May 3, 2023. Investors: Sukhija, Founder And Ceo, Zest Io T,, Vikram Gupta, No Code Ai, Ground Radar, Zest Io T, Loyal VC and Ivy Cap Ventures.
- How much did ZestIoT raise?
- ZestIoT raised $6.5 Million in a Funding Round round on May 3, 2023.
- Who invested in ZestIoT?
- Sukhija, Founder And Ceo, Zest Io T,, Vikram Gupta, No Code Ai, Ground Radar, Zest Io T, Loyal VC and Ivy Cap Ventures are named as investors in this round.
- What does ZestIoT do?
- ZestIoT technologies vision is to connect people, places, assets & operations delivering various use cases for different industries to improve resource utilisation, make operations safe & secure, product quality..
Source: Fundz verified event record.
Who else raised in Oil And Gas and Artificial Intelligence around the same time
Companies in the same sectors as ZestIoT that raised within 45 days of this round, from Fundz verified event records.
- Builder.ai raised $250M (Funding Round) on June 15, 2023.
- Reask raised $6.5M (Funding Round) on June 15, 2023.
- Deepchecks raised $14M (Seed) on June 15, 2023.
- Trezy raised $3.2M (Seed) on June 15, 2023.
- Blackbird.AI raised $20M (Series B) on June 15, 2023.
- Eavor Technologies raised an undisclosed amount (Series B) on June 15, 2023.
Who to call at ZestIoT, and when
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- An alert the day ZestIoT raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at ZestIoT, from your own LinkedIn network
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ZestIoT raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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