Time by Ping (TBP), a San Francisco, CA-based time automation company, announced that it raised $36.5 million in Series B funding, bringing TBP’s total financing to over $55 million.
The round was led by ACME Capital and Anthos Capital with participation from existing investors Upfront Ventures, Initialized Capital, and The House Fund. Marc Benioff’s TIME Ventures and Gokul Rajaram also joined the round. The investment
The infusion of capital is enabling TBP to accelerate the adoption of time automation in response to the surge in demand. The company is using the funds to strengthen its leadership position in the legal market while expanding into other professional services segments burdened by manual timekeeping.
Company: TIME BY PING, INC.
Round: Series B
Funding Month: March 2022
Lead Investors: ACME Capital and Anthos Capital
Additional Investors: Upfront Ventures, Initialized Capital, The House Fund, Marc Benioff’s TIME Ventures, and Gokul Rajaram
Company Website: https://www.timebyping.com/
Software Category: Time Automation software
About the Company: Time by Ping provides a time automation software platform that leverages AI to empower knowledge workers with new insight into how they spend their time so they can use it with intention. The company has initially established its customer base among law firms, including firms in the Am Law 100. Today, leading professional services firms are shifting the timekeeping paradigm with time automation, eliminating the burden of manual approaches, lifting revenue, and advancing the future of work. Time by Ping is on a mission to return time to the world. Time by Ping was also named as 100 Top Startups of 2020 by Business Insider.