Simpplr, a Redwood City, CA-based company that provides an AI-powered employee experience platform, secured $70 million in Series D funding, bringing its total funding to over $131 million to date.
The round was led by Sapphire Ventures, with participation from existing investor Norwest Venture Partners. Additional investors include Tola Capital and Salesforce Ventures.
This new funding will be invested in the future growth and innovation of the leading employee experience (EX) platform.
“This is a watershed moment for companies everywhere on the importance of employee experience powered by AI and its impact on business performance,” said Dhiraj Sharma, Founder & CEO. “From measuring employee engagement in real-time to enabling effective communication and building community and connection, Simpplr’s customers continue to realize how important EX is to retention, productivity, and talent acquisition.”
In addition to the funding, Simpplr announced a number of new executive hires, including Tim Lambert as Chief Revenue Officer, Bala Kasiviswanathan as Chief Product and Customer Experience Officer (formerly Chief Product Officer of Tidal | X, the moonshot factory (formerly Google X), Parag Kulkarni as Chief Technology Officer (previously, Senior Vice President of SaaS Engineering at Nutanix), Aykut Firat as Chief Data Scientist (former Chief Data Scientist at Brandwatch), and Paige Leidig as Chief Marketing Officer (former Chief Marketing Officer at NetBase Quid).
As part of the transaction, Das will join Simpplr’s Board of Directors upon the closure of this funding round.
Company: Simpplr, Inc.
Raised: $70.0M
Round: Series D
Funding Month: May 2023
Lead Investors: Sapphire Ventures
Additional Investors: Norwest Venture Partners, Tola Capital, and Salesforce Ventures
Company Website: https://www.simpplr.com/
Software Category: AI Employee Experience Software
About the Company: Simpply is a provider of an employee experience platform designed to simplify employee communication. The company's software helps companies to connect their workforce by streamlining internal communications and forging employee connections, and it features the ability to create virtual headquarter and company newsroom, enabling companies to align and engage their entire workforce across the enterprise. Simpplr is based in Redwood City, California, with offices in India, Canada, and the UK. Simpplr is used by more than one million people worldwide, delivering increased engagement and measurable productivity gains for companies in NA, EMEA, and APAC.
Source: https://www.simpplr.com/newsroom/press-releases/simpplr-secures-70m-in-new-funding-to-deliver-personalized-employee-experiences-that-generate-real-business-impact/