Leena AI raises $30M in Series B round
Leena AI, an enterprise employee experience startup, announced that it has raised $30 million in a Series B round led by Bessemer Venture Partners.
Existing investor Greycroft, as well as from Facebook Co-founder Eduardo Saverin’s B Capital Group also participated in the round.
With the latest round, the company has raised $40 million so far.
The startup will use the freshly raised funds to boost product innovation to meet its global demand for new and existing customers.
Speaking about the funding, Adit Jain, Co-founder and CEO, Leena AI, said, “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. This investment will help us further elevate the enterprise employee experience through AI-powered conversations and insights.”
The company said that prominent Chief People Officers from some of the most well-known companies globally, including Coca-Cola, Nestle, Abbott, Puma, and P&G, already fix around 40 percent of employee queries autonomously with Leena AI’s advanced machine learning, conversational-AI, and Natural Language Understanding platform.
Commenting on the investment, Anant Vidur Puri, Partner at Bessemer Venture Partners, said, “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.”
He added 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.”
“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. We believe Leena AI is well-positioned to revolutionize the enterprise employee’s experience in the era of hybrid work,” said Mark Terbeek, Partner at Greycroft.
Leena AI seems to have established itself as a strong player with some innovative solutions. I’m sure the company will continue to emerge as a market leader in the time to come. My best wishes to the team of Leena AI.Shishir Gupta, Founder and CEO, StartupLanes
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