HR Platform Darwinbox Raises $15M
Darwinbox, one of Asia’s leading enterprise HR technology platforms, on Tuesday announced the closing of a $15 million funding round led by Salesforce Ventures. This follows the company’s Series B round raised in September 2019 led by Sequoia Capital India with participation from existing investors Lightspeed India, Endiya Partners and 3one4 Capital, bringing the total investment in the company to $35 million.
Jayant Paleti, Co-Founder, Darwinbox, said, “Globally, more and more enterprises are abandoning legacy offerings in favour of our modern, agile HCM platform that helps them stay ahead of change.”We will work with Salesforce closely to maximize value to our customers, continue building out our product stack and accelerate global expansion. One of the top priorities is to increase our global footprint and accelerate the expansion in Southeast Asia as well as the Middle East.”
The company will use the funds to hire more people and make a significant investment in deep technologies like AI and ML to enhance employee experience and to bring the power of data analytics to enterprises.
Announcement: HR Platform Darwinbox Raises $15M