# Z21 Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/z21-labs

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.observe.ai
- Total disclosed funding: $213M
- Latest round: Series C (Apr 12, 2022)
- Investors on record: 14

## About

Z21 Labs, Inc. operates an AI-driven platform focused on enhancing customer interactions in contact centers, providing automation, assistance, and analysis to improve service efficiency.Founded in 2017, Z21 Labs, Inc. specializes in AI solutions for contact centers, based in San Francisco, US. The company was co-founded by Sharath Narayana and Swapnil Jain, with Swapnil Jain currently serving as CEO. As of April 2022, the company raised USD 125 mn in Series C funding led by SB Investment Advisers, bringing the total amount raised to USD 125 mn with a current valuation of USD 757.647 mn.Observe.AI specializes in an AI-driven platform tailored for contact centers, focusing on automating customer interactions. Key offerings include VoiceAI Agents for automating calls and Real-time AI features that support live agents with intelligent recommendations. The platform's Post-interaction AI capabilities enhance quality assurance across customer interactions. It serves diverse industries such as banking, healthcare, and insurance, with a presence in North America, Europe, and Asia.Observe.AI operates on a subscription-based revenue model with clients engaging through various pricing tiers. Transactions occur predominantly with enterprise clients seeking to optimize their customer engagement strategies through AI technology. The flagship products, including VoiceAI Agents, are critical to the revenue structure, with clients often entering into yearly contracts for predictable revenue streams.Following the Series C funding in April 2022, Z21 Labs, Inc. plans to utilize the USD 125 mn investment to enhance its go-to-market strategies and drive product innovations. The company aims to expand into new international markets and accelerate its IPO readiness. Specific geographic regions targeted for expansion include markets in Europe and Asia, with a timeline to solidify these initiatives in the coming years.

## Funding rounds

- Series C, Apr 12, 2022, $125M — Menlo Ventures, N47, Scale Venture Partners, NGP Capital, Nexus Venture Partners, Steadview Capital Management, Zoom Video Communications, Inc., SB Investment Advisers, Emergent Ventures
- Series B, Jul 31, 2020, $54M — Menlo Ventures, N47, NGP Capital
- Series A, Dec 10, 2019, $25M — Scale Venture Partners, Nexus Venture Partners, Steadview Capital Management, Emergent Ventures, 01A
- Series A, Aug 13, 2018, $8M — Nexus Venture Partners, Y Combinator, Liquid 2 Ventures, Emergent Ventures, Hack VC, Maschmeyer Group Ventures
- Seed, Jan 4, 2018, $1M — Emergent Ventures

## Investors

- Emergent Ventures (https://capitalatlas.ai/funds/emergent-ventures) — Seed, Series A, Series C
- Nexus Venture Partners (https://capitalatlas.ai/funds/nexus-venture-partners) — Series A, Series C
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Liquid 2 Ventures (https://capitalatlas.ai/funds/liquid-2-ventures) — Series A
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Series A
- Maschmeyer Group Ventures (https://capitalatlas.ai/funds/maschmeyer-group-ventures) — Series A
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series A, Series C
- Steadview Capital Management (https://capitalatlas.ai/funds/steadview-capital-management) — Series A, Series C
- 01A (https://capitalatlas.ai/funds/01a) — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C
- N47 (https://capitalatlas.ai/funds/n47) — Series B, Series C
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series B, Series C
- Zoom Video Communications, Inc. — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C