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Xineoh: Story, Founders, Investors & Funding Rounds

Xineoh: Story, Founders, Investors & Funding Rounds

Xineoh is an American advertising technology company with headquarters in Portland, Oregon. It is in the process of merging with a publicly traded business in Canada. 

They have plans to grow quickly in the United States and Canada over time. They also have customers all over the world and specialize in integrating machine learning with advertising technologies. 

At the moment, they have an office in both Bloemfontein, where one of their founders and most of their development team live, and Cape Town, where they want to open a second office soon.

To take full advantage of South Africa’s engineering expertise, Xineoh wants to grow its team in Cape Town and open an office in Johannesburg.

How It Works

For more than a decade, the Xineoh team has been developing artificial intelligence models to forecast shoppers’ actions across industries including retail, property, and finance.

According to BuiltWith’s findings, the Xineoh website makes use of fifteen distinct technologies. Examples of such expressions are “Font Awesome,” “Domain Not Resolving,” and “Content Delivery Network.”

Xineoh also uses AI to predict what customers will do next, and it takes great pride in helping its clients out-predict their competitors to boost productivity and customer satisfaction.

Additionally, when it comes to matching people with things, inventory with business potential, pricing with consumer propensity, and individual use patterns with people, Xineoh’s technology shines.

Founders

Vian Chinner

Xineoh was started by Vian Chinner, who also serves as the company’s CEO. He serves as the chief technological officer for the organization as well. Additionally, Vian Chinner has exceptional experience as a result of his role as the creator of Ylopo.

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Vian got his BCom from the University of the Free State, and because he did so well in school, he was invited to join the Golden Key International Honor Society.

Less than two years after it was established, his first company, TrafficSquared, completed a liquidity event with a value of $3.3 million.

In 2017, he was given the Distinguished Alumnus of the Year award by the University of the Free State. This is the highest honor that a graduate can receive. In the past, this award has been given to the President of South Africa, the Chief Justice of the Supreme Court, and the Premier of a Province.

The Young Entrepreneur Council invited Vian to join their exclusive fellowship because he had reached a major revenue and financial milestone.

He is now serving on the CSIR AI panel, which is tasked with formulating an AI strategy for the whole of South Africa.

Investors & Funding Rounds

Pender West

This organization is a private equity firm that makes investments in companies of a size range between very small and very large.

Investments made with a long-term horizon are often undertaken in collaboration with the company’s founders as well as its current management.

Pender West and Wade Flemons are considered Series A investors of Xineoh as a result of their $1.5 million investment in the second round of equity funding

The funds will be used toward expanding the company’s workforce as well as investing in its core technologies.

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