Utmost, a San Francisco, CA-based extended workforce system provider, raised $21m in Series B funding. The round, which brought total funding to date to $33m, was led by Mosaic Ventures with participation from existing investors Greylock Partners and Workday Ventures, and new investors Acadian Ventures and Alumni Ventures Group.
Annrai O’Toole, CEO at Utmost, said, “We feel we are on the right side of history in terms of our focus on the extended workforce. We are starting to replace 20-year-old vendor management systems with a cloud-native, worker-friendly, enterprise-ready extended workforce system to enable our customers to manage their total workforce. This funding is an important milestone on our journey to make even more customers successful.”
The company intends to use the funds to accelerate product innovation and expand its presence across North America and Europe.
Announcement: Utmost Raises $21M for Contingent Workforce Platform