28. September.2021 – New York-based Enterprise employee experience startup Leena AI has raised USD 30 million in Series B funding. This round was led by Bessemer Venture Partners.
The participants of this round were Greycroft, as well as from Facebook Co-founder Eduardo Saverin’s B Capital Group. Till now the company has raised USD 40 Million in funds total.
Leena AI plans to use the fresh capital to accelerate product innovation to meet the platform’s global demand for customers.
Words from the investors –
Anant Vidur Puri, Partner at Bessemer Venture Partners, said, “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.”
He added the company’s AI-led innovation enables enterprises to deliver great employee experiences across functional areas. “We look forward to seeing Leena AI’s continued impact on enterprises and the employee experience.”
“HR is an area in desperate need of disruption, with many slow, manual processes overwhelming HR departments. The Leena AI team has been able to bring HR into the modern era through automation and machine learning, enabling better employee engagement. We believe Leena AI is well-positioned to revolutionise the enterprise employees’ experience in the era of hybrid work,” said Mark Terbeek, Partner at Greycroft.
About Leena AI –
Leena Ai was initiated in 2018 by Adit Jain, Anand Prajapati, Mayank Goyal. It is an autonomous conversational AI platform that helps enterprises better employee experience.
The company stated that 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.
The company stated that nearly 40 percent of the queries is filled by the leading Chief People Officers from some of the most recognisable enterprises globally, including Coca-Cola, Nestle, Abbott, Puma, and P&G, autonomously with Leena AI’s advanced machine learning, conversational-AI, and Natural Language Understanding platform.
Leena AI is hiring for multiple talents for technology, engineering, marketing, and sales teams.
The company has also achieved 300 per cent year-to-year revenue growth. Adit Jain, Co-founder and CEO, Leena AI, said:
“We intend to be the ‘Siri for employees’ and help employees get faster resolutions to their requests. Legacy internal help desks 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. This investment will help us further elevate the enterprise employee experience through AI-powered conversations and insights.”
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!