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DateInvestorsAmountRound
-investor

€0.0

round
investor investor investor investor investor

€0.0

round

CAD600k

Valuation: CAD20.0m

Seed
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD202020222023
Revenues000000000000
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

Notes (0)
More about Zoom.ai
Made with AI
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Zoom.ai was a Toronto-based technology company that developed an AI-powered automated assistant designed to enhance workplace productivity. Founded by Roy Pereira, the company aimed to alleviate employees from administrative tasks that consume a significant portion of their workday. Pereira, a serial entrepreneur with a background in computer science and experience at companies like Cisco and Rubicon Project, identified the need for such a solution after observing that lean enterprise structures were leaving employees to manage their own administrative duties.

The core of Zoom.ai's offering was a chat-based assistant that could integrate into a company's existing communication and technology stacks. This assistant handled a variety of low-value tasks, thereby freeing up employees to concentrate on their primary job functions. Its capabilities included scheduling meetings by checking attendees' availability and preferences, searching for internal documents, providing pre-meeting intelligence on external attendees such as their employment history and personal interests, and conducting research. The platform was designed to be entirely conversational, learning from each interaction to provide increasingly customized assistance and predict user behavior.

The company targeted enterprise clients, offering a secure and intelligent automation solution to improve employee engagement and empowerment. By automating routine tasks, Zoom.ai aimed to increase both productivity and employee satisfaction. The company successfully raised a $2.1 million seed round in June 2017, followed by a $3.1 million seed extension in April 2018, bringing its total seed funding to $5.2 million, which was intended to fuel product development and expansion into U.S. and European markets.

Keywords: AI assistant, workplace automation, productivity tool, meeting scheduling, automated assistance, enterprise software, employee productivity, task automation, chat-based assistant, Roy Pereira, document search, intelligent automation, administrative tasks, workplace complexity, employee engagement

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Investments by Zoom.ai

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SimplyInsight
ACQUISITION by Zoom.ai Sep 2017