Simpplr, a provider of modern intranet software, raised $10m in series B funding.
The financing, which brought the total amount raised to nearly $30m, was led by Norwest Venture Partners with participation from Salesforce Ventures.
“Right now companies are realizing that they need to create a definitive source of truth for internal communication. Employees are spread out across geographies, physically isolated from coworkers and in need of connection. We are reinventing the intranet, creating a virtual headquarters, company newsroom and online watercooler that employees love. Simpplr is purpose-built to empower employees to collaborate across departments and stay connected to the broader organization. This has helped drive customer adoption that is five times the industry average and deliver 97% customer retention.” said Dhiraj Sharma, Founder and CEO of Simpplr.
The company will use the new funding to accelerate product innovation and its go-to market expansion and extend its partner ecosystem.
Read more: Simpplr Raises $10M in Series B Funding