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Common Sense

From candidate engagement to contractor care, from SaaS and onboarding best practices, from burrata to Galbi... here's what's cooking at Sense.

Sense Secures $16 Million in New Funding to Drive Talent Acquisition as Labor Market Rebounds

Posted by Anil Dharni on Jun 17, 2021 7:33:20 AM

We’re happy to share that we have raised $16 million in Series C funding. Bringing the total funding amount to $40 million to date, this latest round will accelerate innovation and development of our AI-powered talent communication and engagement suite.

Key investors in this round include Avataar Venture Partners with additional participation from previous investors including Accel and GV.

"There's never been a more challenging time in the labor market than today. Our mission to help companies find the right candidates, fast, is even more critical now during a time when nearly every industry is facing challenges around attracting candidates efficiently - from engagement to retention.”  - Anil Dharni, CEO and Co-Founder of Sense

Sense offers a singular engagement platform powered by AI and machine learning. It enables personalized communication across the entire talent lifecycle at scale, and also automates manual tasks for recruiters. Through this personalized approach, our customers experience on average; a 263% increase in candidates screened compared to a manual approach, reduced time to fill by 30-81% and up to 800 hours of recruiter time saved.

Since inception, we have experienced significant growth and are currently servicing more than 400 customers across the globe including Amazon and Kelly Services. This past year we doubled our revenue and employee headcount and continue to grow with the recent expansion of a new office in India.

To support our growth in India, Founding Partner of Avataar Venture Partners, Nishant Rao joined the Sense team as a Board Member, bringing his background of delivering value and scaling successful companies in consumer internet and enterprise software. He has been part of several unicorn growth journeys including Ariba, LinkedIn, Freshworks and most recently Zenoti and Zeta.

“Based on my extended stint running LinkedIn in the region and thereby developing a great appreciation for HR tech, I’m really excited about the immense potential Sense holds. The macro-shift to contingent labor and gig economy has already grown 10x over the past decade and yet we’ve only just begun scratching the surface. I believe our investments in new products will allow Sense to go from a robust system of engagement to a truly distinctive network/platform play for the future.” - Nishant Rao, Sense Board Member. 

About Avataar Venture Partners

Avataar Venture Partners is India's first growth-stage operational fund—actively partnering with brilliant regional tech-led B2B and SaaS startups to re-invent, scale and transform them into successful, enduring global businesses. Founded in 2019 by two seasoned campaigners in the Indian tech and startup space, partners Mohan Kumar (who led Norwest Venture Partners in India) and Nishant Rao (former global COO of Freshworks and managing director of LinkedIn SE Asia) to form a top-notch partner team.

They have also built out a global team of experienced senior executives as advisors to help their companies seamlessly scale. For further information, please visit www.avataar.vc

Topics: automation, recruiting automation, staffing landscape, recruiting tools, recruiter productivity, HR teams, HR Tech, funding

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