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Zoomin Raises $21M to Centralize Product Content

December 16, 2020
Zoomin Raises $21M to Centralize Product Content

While software often dominates conversations, technical manuals and related product content are surprisingly crucial. Anyone who has struggled with a technical issue understands their value – and the frustration of not being able to locate the necessary information.

Zoomin, a new company that has developed an AI-powered platform to streamline technical documentation and utilize natural language processing to pinpoint the answers users seek, has recently announced a $21 million funding round. This investment also includes a strategic partnership as the company emerges from its initial stealth phase.

“We concentrate on product content – manuals, guides, and similar materials – which are often considered the least exciting assets for any company,” explained Gal Oron, CEO and co-founder. “However, we see immense potential, as this is precisely the information customers require.”

The funding round was led by Bessemer Venture Partners, Salesforce Ventures, and Viola Growth, and was completed in two stages while Zoomin – originally founded in Israel but now operating with its CEO based in New York – remained private.

“For the past four years, we have intentionally avoided public relations,” stated Gal Oron, who established the company alongside Joe Gelb and Hannan Saltzman. “Our focus was on product development and securing initial customers. Now, with a substantial customer base and promising results, we believe the timing is right to expand our visibility.”

Currently, Zoomin’s clientele includes Imperva, Dell, Automation Anywhere, and McAfee. These companies are leveraging the Zoomin platform to better organize their content, making it accessible to both customer service representatives assisting users and to customers who prefer self-service options, regardless of where they access information – be it a website, forum, email, chat, or within a software application.

Zoomin addresses a common challenge: technical content, while essential for software and hardware usage, often becomes a stumbling block when users encounter difficulties.

Frequently, this content is created sporadically and may not be easily accessible or understandable for the average user. Finding specific information can be time-consuming, and the content itself is often scattered across various locations. Moreover, the numerous access points for information are often as fragmented as the content itself.

“Dell has limited control over where a customer might interact with a product,” Oron clarified. “Engagement could occur on Dell’s website, within its software, on a forum, or through social media, among other channels.”

Zoomin’s goal is to deliver a personalized experience to users, wherever they are searching. The platform learns a user’s current task and typical search queries to quickly connect them with the appropriate answers. This could manifest as a helpful widget within an application or, in a forum setting, through a support agent utilizing Zoomin’s engine to provide accurate responses.

Thus far, Zoomin’s primary focus has been on B2B customer service, organizing and “orchestrating” knowledge for businesses to share with their enterprise clients. However, Oron suggests the platform could also be valuable for direct consumers and anticipates potential growth in that area, as they are all customers at the end of the day.

“Our aim is to simplify the experience,” he said. “We want to make it as intuitive as shopping on Amazon or browsing Netflix.”

The broader field of “knowledge base management” or knowledge orchestration is frequently integrated into larger customer service solutions, with companies like Zendesk and Hubspot offering related products. Other companies developing solutions for knowledge base organization include ProProfs, Helpjuice, and Instrktiv.

Salesforce’s strategic investment is noteworthy, as they haven’t developed a comparable solution within their own community and service clouds. Zoomin serves as a valuable partner to provide this functionality. (The startup also integrates with platforms such as Oracle’s service cloud, Zendesk, Jira, SharePoint, and others.)

“Salesforce Ventures invests in innovative ideas from enterprise cloud companies, and we are excited to support Zoomin in its mission to enhance the product content experience. We have confidence in the Zoomin team and their vision of improving content accessibility,” commented Alex Kayyal, partner and head of Salesforce Ventures International.

Investors are particularly interested in Zoomin’s potential role in the current environment: with customer service inquiries at an all-time high due to the increase in remote work, existing systems are under significant strain to manage and respond to questions, creating a valuable opportunity.

“The digital transformation era has undeniably extended to product content,” stated Amit Karp, Partner at Bessemer Venture Partners. “As technical product content continues to expand rapidly, Zoomin empowers enterprises to leverage this content as a strategic asset.”

Zoomin has not disclosed its current valuation.

#product content#content management#funding#zoomin#SaaS#product data