Leena AI, a synthetic intelligence-based worker expertise platform, has introduced an $eight million funding in Series A spherical led by Greycroft. According to the official release of the corporate, the funding goes for use for increasing its go-to-market packages, hiring expertise in addition to accelerating product improvement.
Apart from Greycroft, the financing spherical additionally included a private funding from Adam Miller, the founding father of Cornerstone OnDemand; Alan Patricof, the chairman of Greycroft; and Jim Moffatt, the ex-chairman and CEO of Deloitte Consulting. Along with the funding, Mark Terbeek, a associate at Greycroft, may also be becoming a member of Leena AI’s board.
In 2018 the corporate, Leena AI, was engaged on constructing an clever digital assistant, aka chatbot, for addressing Human Resources-related points. However, just lately, the corporate has moved its concentrate on to extra broader HR service supply. This funding would enable Leena AI to proceed its progress and momentum and would allow them to proceed creating options to modernise legacy worker expertise.
For the chatbot, the corporate leveraged synthetic intelligence to supply real-time solutions robotically to worker queries for creating a greater help system for workers. With Leena AI, companies can streamline their worker administration system in addition to meet worker wants and course of gaps.
“Our intention is to cover all major workflows and help modernise all the legacy workflows and processes throughout the employee lifecycle with the help of AI.” stated Adit Jain, Co-founder and CEO, Leena AI.
He additional added, “As a part of our continuous effort to make life easier for enterprise employees, we will also be onboarding resellers and building long-term partnerships.” This funding will push the mission of elevating worker expertise with the assistance of AI-powered conversations and insights and change into the Siri for enterprise workers.
When requested, Mark Terbeek, the associate at Greycroft, who will likely be becoming a member of the Leena AI group, said to the media, maintaining workers has been essential for attracting and retaining world-class expertise. With the arrival of distant work environments, maintaining workers glad will likely be much more essential.
This firm, with the assistance of artificial intelligence, has created a scalable AI platform that addresses worker requests changing into a single entry level for all of its essential HR wants, said Terbeek.
Over the previous 9 months, Leena AI has grown the group from 30 individuals to 75 now and introduced on greater than 100 enterprise prospects, together with purchasers like Lafarge Holcim, Abbott, Coca-Cola, AirAsia, Vodafone, Sony Pictures, and so on. Leena AI has additionally managed to develop the people on the platform to greater than 150,000 workers, with income progress of 350%.
According to Jim Moffatt, one of many investors believes that enhancing each the worker expertise and engagement is essential for digital transformation. He additional said to the media that Leena AI is uniquely positioned to empower mid-market and enterprise firms to rework their worker’s digital expertise, driving large efficiencies, whereas maximising worker engagement.