Leena AI Raises $30 Mn Series B Round Led By Bessemer Venture Partners
The new capital will accelerate product innovation to meet global demand for the platform for new and existing customers
Enterprise employee experience platform Leena AI, on Tuesday, announced that it has raised a $30 million Series B financing round, bringing the company's total amount raised to $40 million. New investors Bessemer Venture Partners led the round with participation from existing investor Greycroft. The round also included an investment from Facebook co-founder, Eduardo Saverin's B Capital Group.
The new capital will accelerate product innovation to meet global demand for the platform for new and existing customers. Leena AI plans to expand its employee experience suite to products for IT, Sales, and Finance teams by early 2022.
“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 chief executive officer, Leena AI. “This investment will help us further elevate the enterprise employee experience through AI-powered conversations and insights.”
More than 3 million employees across 60 countries now use Leena AI, the platform claims.
“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,” shared Anant Vidur Puri, partner, Bessemer Venture Partners. “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.”
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 per cent of employee queries autonomously with Leena AI’s advanced machine learning, conversational-AI, and natural language understanding platform.
“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,” added Mark Terbeek, partner, Greycroft. “We believe Leena AI is well-positioned to revolutionize the enterprise employees experience in the era of hybrid work.”
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 has also achieved 300 per cent year-to-year revenue growth.