Prismforce, a San Francisco, and Mumbai, India-based SaaS for tech services to build a digital-first, agile talent supply chain, announced that it raised $13.6 million in Series A funding.
The round was led by Sequoia Capital India, along with angel investors, bringing Prismforce total raised to $15.4 million.
The funds will be used to enhance its product suite, strengthen go-to-market capabilities, and grow its talent base.
Somnath Chatterjee, founder & CEO, of Prismforce, said: “Having served more than 30 top global IT providers and tech companies over 14 years while at McKinsey, my cofounder Mohd Qasim and I saw the opportunity to address this complex problem, with a product first approach. At Prismforce, we chose to build the first vertical SaaS product suite designed for tech services. Our products combine best practice processes and technology into one powerful, scalable solution for helping companies create a digital and agile talent supply chain. We are using the latest AI technologies to build compelling use cases contextualised to the industry needs. We have been able to build an exceptional team to execute on our vision. Our core team has people with experience in global tech and consulting companies such as Amazon, Uber, Infosys, Phenom & McKinsey. We are seeing good traction with marquee global tech services clients, where we are delivering significant business impact on the back of our product deployments. By partnering with Sequoia Capital India, we will be able to accelerate our product development and business growth to serve the tech sector globally.”
Prismforce is operational in the USA and India, with live deployments at some of the fastest-growing digital specialists and top IT providers. Its SaaS enables IT and tech services companies to accelerate profitable growth by digitizing and transforming their talent supply chain.
Company: Prismforce Inc.
Raised: $13.6M
Round: Series A
Funding Month: November 2022
Lead Investors: Sequoia Capital India
Additional Investors:
Company Website: https://prismforce.com/
Software Category: Talent Supply Chain Software
About the Company: Founded in 2021, Prismforce is a vertical SaaS for IT services companies, enabling them to build an agile talent supply chain for accelerating profitable growth. Prismforce’s software suite for skill management, talent marketplace, and forecasting help technology businesses efficiently plan, staff, and deliver projects while providing compelling career progression for their employees. Prismforce's product suite, powered by AI, re-imagines the talent supply chain of tech services, enabling faster and more efficient project staffing to accelerate profitable growth.
Source: https://prismforce.com/prismforce-raises-usd-13-6-million-in-series-a-round-led-by-sequoia-capital-india