Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, September 29 2021 - 10:30
AsiaNet
Leena AI Announces $30M Series B round led by Bessemer Venture Partners
NEW YORK, Sept. 29, 2021 /PRNewswire-AsiaNet/ --

-- New funding underscores urgent demand for the company's highly customizable 
and AI-powered employee experience platform

Leena AI, the company that's revolutionizing enterprise employee experience 
(https://leena.ai/ ), today announced it 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.

Logo - https://mma.prnewswire.com/media/1637941/Leena_AI_Logo.jpg 

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.

The round of financing comes on the heels of significant momentum. Since 
announcing their Series A financing eight months ago, Leena AI has added new 
customers (https://leena.ai/customers ), including Bayer, Al-Jazeera, HDFC 
Bank, Reserve Bank of India, Houston Methodist, Odessa, and Icertis. The 
company has also achieved 300 percent year-to-year revenue growth.

More than 3 million employees across 60 countries now use Leena AI.

Leading Chief People Officers from some of the most recognizable enterprises 
globally - including Coca-Cola, Nestle, Abbott, Puma, and P&G - already resolve 
approximately 40 percent of employee queries autonomously with Leena AI's 
advanced machine learning, conversational-AI, and Natural Language 
Understanding platform.

"We are thrilled to partner with Leena AI, a company that is moving enterprise 
HR toward a more consumer-like, conversational way of delivery and meets the 
ever-changing needs of the modern workforce," said Anant Vidur Puri, Partner at 
Bessemer Venture Partners. "The company's AI-led innovation enables enterprises 
to deliver great employee experiences across functional areas. We look forward 
to seeing Leena AI's continued impact on enterprises and the employee 
experience."

"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. "We believe 
Leena AI is well-positioned to revolutionize the enterprise employees 
experience in the era of hybrid work."

"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." 

Leena AI is hiring for multiple roles across the technology, engineering, 
marketing, and sales teams. Visit Leena.AI (https://leena.ai/ ) for more 
information.

About Leena AI

Leena AI is an autonomous conversational AI platform that helps enterprises 
better employee experience. 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. Leena AI plays well with 
100 plus platforms, including SAP SuccessFactors, ADP, Oracle, Workday, 
Microsoft Office 365, and companies like Nestle, Puma, P&G, Coca-Cola, Lafarge 
Holcim, and Abbott rely on the platform. Leena AI was founded in 2018.

For more information, visit https://leena.ai.

About Bessemer Venture Partners

Bessemer Venture Partners is the world's most experienced early-stage venture 
capital firm. With a portfolio of more than 200 companies, Bessemer helps 
visionary entrepreneurs lay strong foundations to create companies that matter 
and support them through every stage of their growth. The firm has 130 IPOs, 
including Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, 
Fiverr, and Toast. Bessemer's team of investors and partners are positioned all 
over the world in Silicon Valley, San Francisco, New York, Boston, Beijing, Tel 
Aviv, and Bangalore. Learn more at https://www.bvp.com/ .

Media Contact
Chirayu Akotiya
Director, Product & Growth
chirayu@leena.ai
+919769274665 

SOURCE  Leena AI