News: Softbank invests US$50 million in AI hiring platform Sense

HR Technology

Softbank invests US$50 million in AI hiring platform Sense

Sense is now valued at around US$500 million and says that revenue and headcount have both doubled this year.
Softbank invests US$50 million in AI hiring platform Sense

Virtual recruitment firm Sense, which provides talent engagement and communication platform solutions for hiring, today announced that it has raised US$50 million in a Series D funding round led by Softbank Vision Fund 2, more than doubling the total amount of investments it has received to date - the firm has currently raised a total of US$90 million.

This is the second successful funding round Sense has completed this year. In June the firm announced that it had raised US$16 million Series C funding.

In the same announcement, Sense reported significant business growth for 2021. While it did not specify figures, the company said it has more than doubled its revenue and employee headcount, and its enterprise deal size has increased by 70%. According to one report by TechCrunch, the company is currently valued at US$500 million.

Softbank investment spokespersons cited the competitive talent landscape as one reason for investing in Sense. Sumer Juneja, Managing Partner, SoftBank Investment Advisers, said: “We believe the critical nature of the Sense platform in enabling enterprise customers to find and hire quality talent faster has been clear. As it expands both nationally and globally, we have no doubt in their ability to positively transform how companies build great teams and compete." 

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Topics: HR Technology, Funding & Investment, #HRTech

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