HOUSTON, Nov. 16, 2018 /PRNewswire-PRWeb/ -- Zdaly, a Big Data and AI startup, announced today that it has raised a round of financing from leading venture capital firms S3 Ventures and Moneta Ventures to expand the team and support customer demand. Zdaly plans to relocate their headquarters from Houston to Austin to take advantage of Austin's startup and big data talent pool.
"Leveraging Big Data and AI technologies we have developed a powerful solution to enable businesses to make decisions one hundred times better and faster" said Rajdeep Golecha, Zdaly's founder and CEO. "While leading an analytics group at a large enterprise I realized that a solution was necessary to manage the exponentially growing unstructured data, and to exploit it for improved decision making."
Zdaly offers an integrated solution that automates the process of gathering, cleansing, mapping, searching, and analyzing disparate silos of unstructured data. Organizations can apply Zdaly's toolset to their internal data and take advantage of Zdaly's World Data, a comprehensive set of pre-curated external data from thousands of governmental, non-government, newspaper, social, and other unstructured sources. With Zdaly, businesses eliminate the need to manually collect and process data and are empowered with a predictive analytics toolset that allows them to focus on unlocking the data-driven insights and drive positive business results.
"Enterprises are deluged with data, but struggle to use data effectively. We look forward to partnering with Zdaly as they help businesses make better decisions. We have been impressed by the value Zdaly has provided to a marquee list of enterprise customers," said Aaron Perman, VP at S3 Ventures. Zdaly's growing customer list includes Fortune 500 companies in Energy, Consulting, and Financial Services.
With Zdaly's software, organizations achieve breakthrough solutions to their business problems; for example, a site optimizer for retail outlets based on internal sales transactions, weather, demographics and traffic patterns. "Zdaly enables businesses to derive insights from data faster, more accurately, and for a fraction of their existing costs. By using Zdaly's data-driven insights to make better multi-million and multi-billion dollar business decisions, Zdaly's customers are unlocking a tremendous amount of value from data," said Aasim Hasan, Partner at Moneta Ventures.
Zdaly is the Largest Source of World Data and Deep Competitive Intelligence. Powered by Artificial Intelligence, Zdaly pulls data from millions of sources and enables executives and analysts to make trusted business and financial decisions. Customized AI solutions allow enterprises to map and curate proprietary structured and unstructured data and interconnect it with Zdaly World Data for Predictive Analytics. For more information, visit http://www.zdaly.com.
About S3 Ventures
S3 Ventures is an early, expansion and growth stage venture firm with $450 million under management that is based in Austin, TX. S3 is focused on information technology solutions that solve large business problems. Further, S3 also invest in medical devices that improve the human condition. S3 partners with each investment and helps focus methodically on what it takes to build a successful company.
About Moneta Ventures
Moneta Ventures is an early stage venture capital firm with offices in Sacramento, CA and Austin, TX. Moneta looks for founders with significant skin in the game and existing product-market fit. The firm invests in high-growth businesses in the technology and healthcare sectors with a focus on B2B software and services.