Stanford-StartX's Zinier took its overall funding to $120m in a round that included returning investor Qualcomm Ventures, with the cash to go to international growth and product development.
Zinier, the US-based developer of a service automation software platform backed by Stanford University-affiliated Stanford-StartX Fund, secured $90m yesterday in a series C round led by multi-family office Iconiq Capital.
Qualcomm Ventures, mobile semiconductor producer Qualcomm’s corporate venture capital subsidiary, took part in the round, as did NGP Capital, the VC firm spun out of communications technology producer Nokia.
Tiger Global Management, Accel, Founders Fund and Newfund Capital filled out the round.
Founded in 2015, Zinier has created a field service automation platform that uses artificial intelligence to assess the ongoing state of an organisation’s equipment and proactively assess when they may require maintenance.
The funding will be spent on improvements to Zinier’s core platform, ISAC, and international expansion plans.
Zinier’s co-founder and chief executive, Arka Dhar, said: “Services that we rely on every day – electricity, transportation, communication – are getting by on centuries-old…
