The company said it would use the funds to accelerate product innovation
HR Conversational AI startup Leena AI has announced its latest Series B round of funding.
Leena AI offers a platform for resolving employee queries autonomously via machine learning, conversational AI and natural language understanding. It’s intended to take the burden off of HR staff in areas such as policy questions, knowledge management and employee documentation.
The company’s latest $30mn Series B round brought total funds raised to $40mn. The round was led by Bessemer Venture Partners, alongside Greycroft and B Capital Group.
“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,” said Anant Vidur Puri, Partner at 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.”
The company said it would use the funds to accelerate product innovation, with an expansion into products for IT, sales and finance teams scheduled for early 2022.
“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,” said Mark Terbeek, Partner at Greycroft. “We believe Leena AI is well-positioned to revolutionise the enterprise employees experience in the era of hybrid work.”
Its customers include the likes of Coca-Cola, Nestle, Abbott, Puma, and P&G, with the company saying more than 3 million employees across 60 countries were now using its product.
“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 CEO, Leena AI. “This investment will help us further elevate the enterprise employee experience through AI-powered conversations and insights.”