Zengines Announces Major New Software Release After Closing $9M Round of Financing
Thursday, 07 November 2024 03:55 PM
BOSTON, MA / ACCESSWIRE / November 7, 2024 / Zengines, a leading provider of AI-based data management software, today announced that it has closed its oversubscribed Series Seed Preferred round of financing, led by Hyde Park Venture Partners. The new capital will be used to further accelerate the company's product development and market growth.
This announcement follows the recent Fall 2024 release of the company's end-to-end Data Migration platform and the introduction of a new Data Lineage solution.
"We are excited to enter this new phase of growth and are grateful for the opportunity to innovate with leading global enterprises," said Caitlyn Truong, Zengines co-founder and CEO. "Our customers rely on Zengines to reduce the time, cost, and risk associated with migrating data to new systems."
The Zengines Data Migration platform has three major components:
The Zengines Analyzer identifies data requirements for new target systems through intelligent discovery and analysis of the sources of data.
The Zengines Mapper applies AI and machine learning to generate field and pick-list matches and transforms the data according to compliance, quality, system, and business requirements.
The Zengines Loader moves the transformed data to the target systems directly or via load files and tests and validates the converted data.
Customers benefit because the three platform components are fully integrated and share and learn from the Active Metadata captured in one knowledge source.
"We designed the Zengines platform to help our customers during every step of the end-to-end data migration process," said Carl Drisko, co-founder and CTO. "Our new Data Lineage solution helps enterprises understand where their data comes from and the logic that was used to create it. It accelerates Mainframe Modernization and supports other Data Governance, Data Design, and Data Quality initiatives."
The Zengines Data Lineage solution traces data from databases or files through complex, multi-step processes and shows exactly where it originated and how and why it reached its transformed state. The software analyzes jobs, schedules, scripts, and COBOL source code and produces high level logic flows as well as field level logic views.
"Zengines continues to make great progress using AI technology to solve some of the industry's most challenging data migration and data management problems," said Greg Barnes, Partner at Hyde Park Venture Partners. "We were excited to lead this financing and look forward to the next phase of growth."
About Zengines
Zengines has created an entirely new way of converting data. The Zengines AI platform automates the end-to-end data migration process, reducing the time, cost, and risk associated with data conversions, system migrations, and data onboarding for a variety of business solutions. Zengines is used by leading enterprises, software vendors, and consultants across multiple industries.
Please visit zengines.ai
CONTACT:
Todd Stone
Zengines President
todd@zengines.ai