Bengaluru-based EdGE Networks, an AI-driven HRTech solutions company, has secured $4.5 Mn in Series A funding round led by Kalaari Capital and Ventureast.
The startup will use the capital to strengthen its core product offerings for workforce optimisation and talent acquisition.
The next phase of product development with data science-driven innovation across talent transformation and workforce planning will aim to prepare customers for the future of work and continuous upgradation of their manpower. Geographical and vertical expansion are two areas that the company will pursue across the next phase of growth.
“AI-driven solutions are fast taking main-stage in solving real problems faced by enterprises and opening up opportunities for step changes in business processes and cost innovations. Arjun and his team bring a rare combination of technical excellence, business innovation, and enterprise experience and we wish them great success in the years to come,” said Sumit Jain, Partner at Kalaari Capital.
Launched in August 2011 by Arjun Pratap, Edge Networks is leveraging data science and artificial intelligence (AI) to match people with jobs. The HRTech solutions facilitate talent acquisition, internal workforce optimisation, and talent analytics.
The HRTech startup aims to solve the toughest talent acquisition and workforce optimisation challenges faced by large and mid-sized organisations and has delivered significant cost and efficiency benefits to its enterprise customers.