SoftBank leads a $50 million investment in the HR tech startup Sense
Sense, a talent engagement and communication platform powered by artificial intelligence (AI), announced a $50 million round around funding led by SoftBank Vision Fund II.
According to people familiar with the situation, Sense is now worth around $500 million due to this funding. SoftBank was in the final stages of talks to invest in Sense. According to ET’s December 6 edition, amid a flurry of deals in Software-as-a-Service (SaaS) companies such as Chargebee and Innovaccer, among others.
Sense employs automation and artificial intelligence to hire blue and grey-collar workers for companies that need such workers.
Due to an increase in order for such positions. Sense now works with approximately 600 customers, according to a emanated issued by the company on Monday. Customers include Sears, Dell, Adecco, and Kindred Healthcare.
With this, the San Francisco and Bengaluru-based firm has raised $90 million. Existing investors include Avataar Ventures, Accel, and GV formerly Google Ventures.
It raised $16 million in June of this year, led by Avataar Ventures.
“Not only is our latest funding validation of the need for personalized talent engagement in today’s candidate-centric world. But it is also an accelerant for our platform globally as we help reshape the future of work,” said Anil Dharni, CEO of Sense.
The company tell in a statement that it would continue to ramp up its go-to-market strategy and raise awareness with companies. That hire at scale in rapidly growing industries such as healthcare, manufacturing, logistics, and retail. It makes Sense.
“During one of the best transformative years in the talent landscape, we have tracked Sense’s growth and product innovation.” The Sense platform, powered by AI, aims to assist companies in managing the entire talent lifecycle. Which is critical in today’s competitive environment,” said Munish Varma, managing partner, SoftBank Investment Advisers.
Sense reported a record year of business growth, with revenue more than doubling. Its income was not disclosed.
