Funding Sense – The Global Recruiter

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Sense, a market leader in AI-driven talent engagement and recruitment communications solutions, today announced $ 50 million Series D funding led by SoftBank Vision Fund 2. To date, Sense has secured total funding of $ 90 million. In the midst of today’s hyper-competitive hiring market where blue and gray collar workers are leaving their jobs in record numbers; companies cannot meet their hiring goals without a targeted investment in automation and AI to speed up the hiring process while also infusing it with personalization. This tailwind has helped Sense gain traction with over 600 customers.

This Series D round of funding follows on from Sense’s recent C-series announcement – underline the dynamics of the company, the increased interest of investors and a solid pipeline of product innovations.

“Sense’s founding mission to equip companies to engage quickly and effectively with top talent is more important than ever. Our work with hundreds of companies over the past year has allowed them to build great teams and compete for talent in the midst of the pandemic, ”said Anil Dharni, CEO of Sense. “Our latest funding is not only validating the need for personalized engagement of talent in today’s candidate-centric world, but is also an accelerator for our platform on a global scale then. that we are helping to reshape the future of work. “

As a leader in talent engagement, Sense achieved a record year of business growth, more than doubling the company’s revenue; doubling the workforce; the 70% increase in the size of the company’s transactions; and achieve a net retention rate of over 130 percent. With this new funding, Sense will continue to accelerate its go-to-market strategy and increase awareness among companies hiring on a large scale in rapidly growing industries including healthcare, manufacturing, logistics and retail. . In addition, Sense will begin to invest in international expansion with a particular focus on high growth regions such as Western Europe.

Munish Varma, Managing Partner, SoftBank Investment Advisers, said, “We have followed Sense’s product growth and innovation during one of the most transformative years in the talent landscape. Powered by AI, the Sense platform aims to help companies manage the entire talent lifecycle, which is of the utmost importance in today’s competitive environment.

Sumer Juneja, Managing Partner of SoftBank Investment Advisers, added: “We believe the critical nature of the Sense platform to enable corporate clients to find and hire quality talent faster is clear. As it grows nationally and globally, we have no doubts about their ability to positively transform the way businesses build great teams and compete. “

Sense provides a unique engagement platform powered by AI and machine learning that enables personalized communication across the talent lifecycle at scale. Thanks to this personalized approach, Sense clients experience on average: a 263% increase in the number of candidates selected compared to a manual approach, a reduction in recruitment time of 30 to 81% and up to 800 hours of savings time for recruiters.

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