Toronto-based Zoom.ai, which has developed an automated virtual assistant that helps users offload menial administrative tasks, has won a grand prize of $100,000 CAD at the OpenText Enterprise World Pitch Contest.
Zoom.ai won the cash prize for Best Technology Pitch after the company pitched to a joint C-level and venture capitalist panel on Thursday.
“The pitch was a unified team effort that brought together our latest learnings from our enterprise customers.”
In addition to the cash prize, Zoom.ai is receiving a one-year free entrance into the OpenText Global Partner Program, which invites companies and service providers to enroll in a specialized program — such as the referral program or technology program — where they are provided with training and product knowledge to help them achieve set business targets.
Zoom.ai said the extra influx of cash — following its recent $2.1 million seed round will extend the company’s runway by about two months, giving them “more buffer room” to achieve the necessary metrics to receive Series A funding.
“Having a huge established enterprise software vendor like OpenText award us this prize is a great validation of our vision to enhance every employee’s experience in the modern enterprise,” said Roy Pereira, founder and CEO of Zoom.ai. “The pitch was a unified team effort that brought together our latest learnings from our enterprise customers. We’re grateful that our artificial intelligence solution is getting so much attention.”
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