Zest AI

About

Zest AI is a financial service company that makes software for credit underwriting.

Burbank,California,United States
51 - 100
http://zest.ai

Highlights

Details

Last Funding Type: Series Unknown
Last Funding Money Raised: $50M
Industries: Artificial Intelligence,Big Data,Financial Services,FinTech,Machine Learning,SaaS
Founded date: Jan 1, 2009
Number Of Employee: 51 - 100
Operating Status: Active
Legal Name: ZestFinance Inc.

Zest AI makes the power of machine learning safe to use in credit underwriting. The Zest Model Management System enables lenders to analyze vast amounts of credit data to help increase approval rates and reduce the risk of faulty credit decisions. The platform also provides the ability to explain data modeling results to measure business impact and help comply with regulatory requirements. Lenders using Zest AI software make better decisions and better loans—increasing revenue, reducing risk, and automating compliance.

Zest AI was founded in 2009 with the mission of making fair and transparent credit available to everyone.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

9

$300M

Zest AI has raised a total of $300M in funding over 2 rounds. Their latest funding was raised on Nov 2, 2022 from a Series Unknown round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Nov 2, 2022	Series Unknown	$50M	8	CMFG Ventures Insight Partners	—	Detail
Jun 24, 2021	Series Unknown	$18M	3	First National Bank Of Omaha VyStar Credit Union	—	Detail
Oct 20, 2020	Series Unknown	$15M	1	Insight Partners	—	Detail
Jul 18, 2016	Corporate Round	—	1	Baidu	—	Detail
Oct 6, 2015	Debt Financing	$150M	1	Fortress Investment Group	—	Detail

Investments

Number of Investments

Number of Lead Investments

1

Zest AI has made 1 investments. Their most recent investment was on Jul 12, 2018, when Stronghold raised $3.30M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jul 12, 2018 Stronghold	Seed	$3.30M	Blockchain	Yes

Investors

Number of Lead Investors

Number of Investors

15

21

Zest AI is funded by 21 investors. CMFG Ventures and Insight Partners are the most recent investors.

Investor Name	Lead Investor	Funding Round
CMFG Ventures	Yes	Series Unknown
Insight Partners	Yes	Series Unknown
First National Bank Of Omaha	Yes	Series Unknown
VyStar Credit Union	Yes	Series Unknown
Baidu	Yes	Corporate Round
Fortress Investment Group	Yes	Debt Financing
Eastward Capital Partners	Yes	Series C
Kensington Capital Partners Limited	Yes	Series C
Lightspeed Venture Partners	Yes	Series C
Matrix Partners	Yes	Series C