Leena AI bags $30 Mn Series B round led by Bessemer Venture Partners

Employee helpdesk platform aka HR tech startup Leena AI has raised $30 million in its Series B financing round, bringing the company's total amount raised to $40 million. New investors Bessemer Venture Partners led the round with participation from existing investor Greycroft. Saverin's B Capital Group also invested in the round.

The fresh proceeds will accelerate product innovation to meet global demand for the platform for new and existing customers, said Leena AI in a press statement. The three-year-old startup also plans to expand its employee experience suite to products for IT, sales, and finance teams by early 2022.

Led by Adit Jain, Leena AI is an autonomous conversational AI platform that helps companies to eliminate the need for HR staff to work on tasks such as answering policy-related questions, knowledge management, and generating employee documents on demand.

Leena AI works with 100 plus platforms, including SAP SuccessFactors, ADP, Oracle, Workday, Microsoft Office 365, Bayer, Al-Jazeera, HDFC Bank, Reserve Bank of India, Houston Methodist, Odessa, and Icertis. 

According to the company, more than 3 million employees across 60 countries use the platform and it has achieved 300% year-to-year revenue growth.

Over half a dozen HR tech startups such as EDGE Networks, PeopleStrong, Bash, Skillate, Darwinbox, ZingHR, SumHR and Talview are some of the notable players in the space. 

Earlier this year, DarwinBox had secured $15 million in a round led by Salesforce Ventures, the investment arm of global customer relationship management giant Salesforce. In June, Binny Bansal-led xto10x had acquired Dockable, a SaaS-based HR tech startup to expand its employee experience platform.