Kensington Insurtech Limited, a Dubai-based technology company, today announces the completion of a new $10 million financing round — fuelling the company’s global growth, consolidating its technical leadership in the future of HR technology and developing a new product roadmap for the artificial intelligence of things (AIoT).
“We’re very grateful for the ongoing commitment of our existing investors and welcome the new investors on our exciting journey. This increased investment will be a major part of the growth of the company as we ramp up the rollout of our exceptional HRMS V2.3.1 interface and accelerate our development roadmap.”
The funding will support Zenepal’s continued growth and an expanded global footprint, including new staff, in its Dubai office. This investment will enable the company to capitalize on its technical leadership in the far-field voice interface market, working with leading partners around the world.
The funding will also support the development of Kensington’s HR solution portfolio. This will build on the company’s 10-year pedigree in deep technology solutions for consumer devices, expanding its product set into a potentially transformative market that will fuel new digital and data services in the SME space.
The $10 million investment round comprised equity funding, with participation from existing investors, and a venture debt facility with one undisclosed VC Partner.
Lewis Windle, founder and CEO at Kensington Insurtech Limited, said: “We’re very grateful for the ongoing commitment of our existing investors and welcome the new to our exciting journey. This increased investment will be a major part of the growth of the company as we ramp up the rollout of our latest mobile applications”