# Zoom.ai

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

- Industry: Software
- Headquarters: Toronto, Canada
- Website: http://www.zoom.ai
- Total disclosed funding: $5.2M
- Latest round: Seed (Apr 11, 2018)
- Investors on record: 10

## About

Zoom.ai Inc. is a technology company focused on developing advanced artificial intelligence solutions that enhance productivity and streamline business operations through automated tools and virtual assistant technologies.Founded in 2016 in Toronto, Canada, Zoom.ai Inc. specializes in AI-driven productivity solutions. The company was established by Roy Pereira, who has a background in founding other tech ventures. Zoom.ai has raised CAD 0.60 mn in venture funding as of August 2020, with investments from BDC Capital, Bpifrance, Epstein Enterprises, and Perennial Inc. The company has completed a total of 3 deals throughout its existence.Zoom.ai specializes in providing advanced artificial intelligence solutions designed to enhance productivity and streamline operations for businesses. Their core offerings include automated meeting scheduling tools and virtual assistant technologies that help organizations manage tasks such as calendar management and data retrieval with greater efficiency. These products are particularly beneficial for professionals who need to optimize their time and focus on high-value activities while minimizing administrative burdens. Zoom.ai’s solutions serve a diverse clientele, including mid-sized businesses and large enterprises, particularly in North America and Europe, where there is a strong demand for AI-driven productivity tools. By targeting industries ranging from technology to finance, the company demonstrates its versatility in addressing the unique challenges faced by various sectors.Zoom.ai operates primarily on a subscription-based revenue model, allowing clients to access its suite of products through tiered pricing plans tailored to different organizational needs. This structure enables businesses to choose from various packages that may include features such as advanced analytics and integration capabilities, depending on their specific requirements. Clients typically engage in direct transactions with Zoom.ai, establishing annual contracts that provide them with continual access to software updates and support services. The firm’s flagship offerings, such as its AI-powered virtual assistant, are designed to be scalable, catering to both small teams and large corporate environments. This strategic approach to pricing and service delivery not only enhances customer retention but also fosters long-term partnerships within its target markets.In August 2020, Zoom.ai Inc. raised CAD 0.60 million in venture funding to support its growth initiatives. The company aims to expand its product offerings by developing new AI tools and launching them in the upcoming year. Additionally, Zoom.ai plans to enter new markets, particularly targeting regions in Europe and Asia by 2022. The funding will be allocated towards enhancing product development, marketing efforts, and expanding their sales team to support growth in these new geographic areas.

## Funding rounds

- Seed, Apr 11, 2018, $3.1M — BDC Capital, Betaworks Ventures Management, Evolution Equity Partners, Two Small Fish Ventures, Good News Ventures, NorthSpring Capital Partners
- Seed, Jun 1, 2017, $2.1M — BDC Capital, Betaworks Ventures Management, Extreme Venture Partners, MaRS Investment Accelerator Fund, Golden Triangle Angel Network, Crowdmatrix, Good News Ventures

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Seed
- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed
- Extreme Venture Partners (https://capitalatlas.ai/funds/extreme-venture-partners) — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- Golden Triangle Angel Network — Seed
- Crowdmatrix — Seed
- Good News Ventures (https://capitalatlas.ai/funds/good-news-ventures) — Seed
- Evolution Equity Partners (https://capitalatlas.ai/funds/evolution-equity-partners) — Seed
- Two Small Fish Ventures (https://capitalatlas.ai/funds/two-small-fish-ventures) — Seed
- NorthSpring Capital Partners — Seed