Zencity has raised $40 million in Series C funding, according to the company. The Artificial Intelligence (AI) firm aims to offer community engagement platforms for local governments.
The funding round was led by StepStone Group, with participation from existing investors TLV Partners.
In total since inception, Zencity has raised $91 million. The company also reports that it had a “meaningful increase” in valuation compared to the prior round.
Zencity’s AI platform seeks to address the decline in public trust pertaining to government. It involves state and local officials interacting with the public.
Zencity has launched an “AI Assistant” that aims to streamline engagement by enabling surveys, projects, communication, and more.
As the company continues to execute on its commitment to responsible use of AI in the public sector, it has also today launched the “Zencity AI Assistant” – a tool that drastically reduces the effort and time governments spend gathering and understanding community input. The new Zencity AI Assistant will:
Eyal Feder-Levy, CEO of Zencity, said its mission is to build trust between government and the communities they serve.
“Our new partnership with StepStone will enable us to set the standard for this important mission through investment in technology, people, and most of all – in our partners” said Feder-Levy. ”AI-powered capabilities, like the one we’re launching today, put best-in-class technology in the hands of local government leaders that will accelerate that goal, by lowering barriers to seeking community input, and more easily making sense of data we will drive outcomes for the communities that our government partners serve.”
Zencity reports customers in Dallas, New York City as well as public safety like the LAPD and London Metro Police. The company says it currently serves cities, counties, and agencies in over 40 US states and covers a global footprint of over 200 million people.
