2 min Analytics

HR tech startup gets investment from Softbank’s Vision Fund

HR tech startup gets investment from Softbank’s Vision Fund

Sense – an AI-driven talent engagement platform – has been raising funding for the past few months, is now closing in on 50 million. The Series D round was headed by SoftBank Vision Fund 2 with investments from other major players, including Norwest Venture Partners, AME Cloud Ventures LLC., Bessemer Venture Partners, and several other angel investors.

Sizeable investment

“We’re excited about how far we’ve come,” said Sense CEO Rich Wong during a conference call discussing his company’s fundraising efforts when pressed about why this particular moment feels so significant after all these years spent building what he calls “the world’s most human-centered data science team.”

Sense is one of the rare companies that has raised an enormous amount from investors. They have already secured $90 million in funding, including investments from giants like GV (Google Ventures), Khosla Ventures, and others who are looking forward to an exciting future at Sense!

“As the world becomes more competitive, companies need to be able to engage with best-fit talent quickly and effectively. Sense has helped hundreds of them build great teams in order for them to compete against other organizations that are vying for workers’ attention,” said CEO Anil Dharni.”

How the investment would be used

Sense said it would use the funds for international expansion, focusing on high-growth markets like Western Europe.

The company hopes that investing in other regions can help them reach new customers worldwide while also filling gaps left behind when they expanded into different areas previously without any presence there first.

The proceeds from the venture will be used to develop a more robust go-to-market strategy and increase awareness with major companies who hire at scale across industries such as healthcare and manufacturing.