Leena AI: Bringing HR into the modern era
Leena AI, an autonomous conversational AI platform that helps enterprises better employee experience, has raised a $30 million 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. The round also included an investment from Facebook co-founder, Eduardo Saverin's B Capital Group.
The new capital will accelerate product innovation to meet global demand for the platform for new and existing customers. Leena AI plans to expand its employee experience suite to products for IT, Sales, and Finance teams by early 2022.
300% year-to-year revenue growth
Leading Chief People Officers from some of the most recognisable enterprises globally - including Coca-Cola, Nestle, Abbott, Puma, and P&G - already resolve approximately 40% of employee queries autonomously with Leena AI's advanced machine learning, conversational-AI, and Natural Language Understanding platform.
Since announcing their Series A financing eight months ago, Leena AI has added new customers, including Bayer, Al-Jazeera, HDFC Bank, Reserve Bank of India, Houston Methodist, Odessa, and Icertis. The company has also achieved 300% year-to-year revenue growth. More than 3 million employees across 60 countries now use Leena AI.
"We intend to be the 'Siri for employees' and help employees' get faster resolutions to their requests. Legacy internal helpdesks are not user-friendly, are tough to deploy and lack intelligence. Leena AI Employee Experience Suite deeply understands enterprise HR support tickets to solve this very difficult problem at the world's top enterprises." said Adit Jain, co-founder and CEO, Leena AI. "This investment will help us further elevate the enterprise employee experience through AI-powered conversations and insights."
Creating seamless HR departments
With Leena AI, companies can eliminate the need for HR staff to work on tasks such as answering policy-related questions, knowledge management, generating employee documents on demand, and managing employee tickets so they can focus on high-value activities.
"HR is an area in desperate need of disruption, with many slow, manual processes overwhelming HR departments. The Leena AI team has been able to bring HR into the modern era through automation and machine learning, enabling better employee engagement," said Mark Terbeek, Partner at Greycroft.