Insurer-backed Zest AI secures strategic investment
Zest AI secured a strategic investment round led by its customers — including SchoolsFirst, Members 1st, Truliant, ORNL, and Citi Ventures. Founded in 2009, Zest AI has raised $357.7 million to date from several investors, including TruStage Ventures. The California-based company, with a team of around 211, offers AI-automated credit underwriting solutions for lenders. The…
Zest AI secured a strategic investment round led by its customers — including SchoolsFirst, Members 1st, Truliant, ORNL, and Citi Ventures.
Founded in 2009, Zest AI has raised $357.7 million to date from several investors, including TruStage Ventures. The California-based company, with a team of around 211, offers AI-automated credit underwriting solutions for lenders.
The latest round will be used to advance adoption of the company’s AI-powered lending platform, LuLu, as financial institutions modernize underwriting, expand credit access, and automate the borrower journey.
“Having our customers become investors is the ultimate validation of our technology and vision. This round reflects both financial and operational confidence from institutions that use our AI solutions every day to transform their businesses and deliver greater value to their customers and members. The convergence of regulatory support for AI, intensifying competition, and the need for efficiency is fueling strong demand for our solutions. This investment enables us to accelerate innovation and scale adoption, helping more financial institutions leverage AI to deliver greater impact for the communities they serve.” – Mike de Vere, CEO of
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Zest AI
| Founded: | 2009 |
|---|---|
| Headquarters: | Burbank, California, United States |
| Total Funding: | $357.73M |
| See full company profile |
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