ZestIoT raises $6.5 million in funding led by IvyCap Ventures
IvyCap Ventures led a $6.5 million Series A fundraising round for ZestIoT, an Internet-of-Things (IoT) and artificial intelligence (AI) enabled aviation sector management platform. Loyal VC, a venture fund with headquarters in Toronto, Ontario, also participated in the round.
According to a statement from ZestIoT, the new funding will be used to serve clients in the aviation sector, grow the company's skill base, expand internationally, and improve the passenger experience. Through its deep technology platforms GroundRadar and NoCodeAI, ZestIoT connects people, places, assets, and operations, assisting the workforce at the ground level in decision-making, predicting future outcomes, and enhancing operational efficiency, safety, end-product quality, and customer experience.
ZestIoT has more than 100 deployments across numerous locations and collaborations with system integrators and OEMs. It is active in the manufacturing, oil and gas, food and beverage, and aviation industries. IvyCap Ventures founder and managing partner Vikram Gupta stated, "We firmly believe that ZestIoT has the capacity to solve this issue at the grassroots level and emerge as a leader in this market.
On behalf of the fund, Ashish Wadhwani, cofounder and managing partner of IvyCap Ventures, will join the ZestIoT board. IvyCap Ventures raised $214 million from institutional investors at the first closure of its third fund in February 2023.
ZestIoT has more than 100 deployments across numerous locations and collaborations with system integrators and OEMs. It is active in the manufacturing, oil and gas, food and beverage, and aviation industries. IvyCap Ventures founder and managing partner Vikram Gupta stated, "We firmly believe that ZestIoT has the capacity to solve this issue at the grassroots level and emerge as a leader in this market.
On behalf of the fund, Ashish Wadhwani, cofounder and managing partner of IvyCap Ventures, will join the ZestIoT board. IvyCap Ventures raised $214 million from institutional investors at the first closure of its third fund in February 2023.
According to a statement from ZestIoT, the new funding will be used to serve clients in the aviation sector, grow the company's skill base, expand internationally, and improve the passenger experience. Through its deep technology platforms GroundRadar and NoCodeAI, ZestIoT connects people, places, assets, and operations, assisting the workforce at the ground level in decision-making, predicting future outcomes, and enhancing operational efficiency, safety, end-product quality, and customer experience.
ZestIoT has more than 100 deployments across numerous locations and collaborations with system integrators and OEMs. It is active in the manufacturing, oil and gas, food and beverage, and aviation industries. IvyCap Ventures founder and managing partner Vikram Gupta stated, "We firmly believe that ZestIoT has the capacity to solve this issue at the grassroots level and emerge as a leader in this market.
On behalf of the fund, Ashish Wadhwani, cofounder and managing partner of IvyCap Ventures, will join the ZestIoT board. IvyCap Ventures raised $214 million from institutional investors at the first closure of its third fund in February 2023.
ZestIoT has more than 100 deployments across numerous locations and collaborations with system integrators and OEMs. It is active in the manufacturing, oil and gas, food and beverage, and aviation industries. IvyCap Ventures founder and managing partner Vikram Gupta stated, "We firmly believe that ZestIoT has the capacity to solve this issue at the grassroots level and emerge as a leader in this market.
On behalf of the fund, Ashish Wadhwani, cofounder and managing partner of IvyCap Ventures, will join the ZestIoT board. IvyCap Ventures raised $214 million from institutional investors at the first closure of its third fund in February 2023.
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