Talent engagement platform Sense has raised $16 Mn in a Series C round of funding led by Avataar Ventures, along with participation from existing investors Accel and Google Ventures.
The startup which claims to offer artificial intelligence (AI) based products for talent recruitment and communication also announced the addition of new board members along with its new funding round. To date, the startup has raised $40 Mn in equity financing including the current round.
Former InMobi executive Sanjay Dharmani will join Sense as its new Managing Director while Nishant Rao, founder of Avataar Venture Partners, joins the company’s board.
The Bengaluru and San Francisco based startup said that it will use the fresh funding for improving its technology expertise, and to expand its data sciences, product and engineering teams.
Founded in 2015 by Anil Dharni and Pankaj Jindal, Sense offers enterprise-based solutions for companies that provide a system of automating talent acquisition processes. It enables personalised communication across the entire talent lifecycle and also automates manual taste for recruiters.
In the last one year alone, Sense claims to have doubled its revenue and employee strength serving more than 400 customers including big names like Amazon and Kelly Services.
“We see India as a highly strategic market for us. This global expansion allows us to tap into that rich talent market to grow our product and engineering team as well as a dedicated marketing and customer success team,” said Dharni in a statement on June 17.
The Indian enterprise tech sector is one of the hottest startup sectors at the moment and within the software-as-a-service (SaaS) market. Indian enterprise tech startups are growing exponentially and not only domestically but in the overseas markets as well. The growth of the Indian SaaS industry to the progress made by startups such as Druva, Icertis, Zoho and Freshworks, which have established themselves as global brands with marquee international clients.
Enterprise tech unicorn Icertis grabbed the headlines in March 2021 for nearly tripling its valuation after a $80 Mn Series F funding round in the same month. Pune-based Icertis had entered the unicorn club in 2019 and was soon followed into the unicorn club by fellow Pune SaaS startup Druva.