Human resource technology developing company Leena AI raised US$30 million in its series B funding round led by Bessemer Venture Partners. Other investors like B Capital Group and Greycroft also participated in the funding round.
The company plans to use the fresh funds to accelerate its product development process in order to keep up with the global demand of its platform. Leena AI will also aim to increase its market share and add new products to its suite dedicated to sales, finance, and IT teams.
The company’s product comes with an HR service delivery suite, an employee engagement module, and a Covid Response suite that helps businesses to provide a better employee experience.
Partner at Greycroft, Mark Terbeek, said, “The Leena AI team has been able to bring HR into the modern era through automation and machine learning, enabling better employee engagement.” He further mentioned that human resource is a field that is in desperate need of disruption as most of the Hr operations are slow and done manually.
New York-based Software-as-a-Service (SaaS) startup Leena AI was founded by Adit Jain, Anand Prajapati, and Mayank Goyal in 2018. The firm specializes in developing autonomous conversational AI-backed enterprise solutions to enable companies to provide a better experience to their employees.
Last year, in November, Leena AI raised US$8 million in its series A funding round. This fresh funding brings the company’s total amount raised till date to US$40 million. Leena AI’s platform is used by customers spread across sixty countries, and it is available in over 40 languages. Many industry-leading companies, including Coca-Cola, Nestle, Puma, P&G, Abbott, Al Jazeera, HDFC Bank, Reserve Bank of India, and many others, use Leena AI’s service.
“Leena AI Employee Experience Suite deeply understands enterprise HR support tickets to solve this very difficult problem at the world’s top enterprises,” said the co-founder and CEO of Leena AI, Adit Jain.