News: Leena AI raises $30Mn in Series B financing round

Technology

Leena AI raises $30Mn in Series B financing round

The latest funding underscores the urgent demand for the company's highly customizable and AI-powered employee experience platform.
Leena AI raises $30Mn in Series B financing round

Leena AI today announced that it has raised $30 million in Series B financing round, bringing the company's total amount raised to $40 million. The round was led by new investors  Bessemer Venture Partners with participation from existing investor Greycroft. The round also included an investment from Facebook co-founder, Eduardo Saverin's B Capital Group.

The round of financing comes on the heels of significant momentum. Since announcing their Series A financing eight months ago, Leena AI has added new customers, including Bayer, Al-Jazeera, HDFC Bank, Reserve Bank of India, Houston Methodist, Odessa, and Icertis.  

“We intend to be the ‘Siri for employees’ and help employees get faster resolutions to their requests. Legacy internal helpdesks are not user-friendly, are tough to deploy and lack intelligence. Leena AI Employee Experience Suite deeply understands enterprise HR support tickets to solve this very difficult problem at the world’s top enterprises.” said Adit Jain, co-founder and CEO, Leena AI.

Leading Chief People Officers from some of the most recognizable enterprises globally - including Coca-Cola, Nestle, Abbott, Puma, and P&G - already resolve approximately 40 percent of employee queries autonomously with Leena AI’s advanced machine learning, conversational-AI, and Natural Language Understanding platform.

“We are thrilled to partner with Leena AI, a company that is moving enterprise HR toward a more consumer-like, conversational way of delivery and meets the ever-changing needs of the modern workforce,” said Anant Vidur Puri, Partner at Bessemer Venture Partners. 

He also added that the company’s AI-led innovation enables enterprises to deliver great employee experiences across functional areas. 

The new capital will accelerate product innovation to meet global demand for the platform for new and existing customers. The tech company also plans to expand its employee experience suite to products for IT, Sales, and Finance teams by early 2022.  Hence Leena AI has begin hiring for multiple roles across the technology, engineering, marketing, and sales teams.

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Topics: Technology, #FundingAndInvestment, #MergersAndAcquisitions, #HRTech

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