formerly SaleMove

This brings Glia’s total fundraising to $29 million as Insight Venture Partners joins current investors Tola Capital, Wildcat Capital Management, and …

NEW YORK and TARTU, Estonia and TALLINN, Estonia, March 13, 2019 /PRNewswire/ — Glia (formerly SaleMove), a leading digital customer service platform for financial services companies, today announced that it has raised $20 million in additional funding led by Insight Venture Partners, and joined by existing investors. This brings Glia’s total fundraising to $29 million as Insight Venture Partners joins current investors Tola Capital, Wildcat Capital Management, and Grassy Creek, and Entrepreneurs Roundtable Accelerator. As part of the investment, Lonne Jaffe, Managing Director at Insight Venture Partners, will join Glia’s board of directors.

“We are proud to partner with Glia to transform how businesses connect with customers,” said Lonne Jaffe, Managing Director at Insight Venture Partners. “Glia’s innovative technology includes an elegant blend of CoBrowsing, video chat, voice communications, and a machine learning-powered chatbot chassis that works across Amazon Lex, Google Dialogflow, IBM Watson and more. Glia is one of the shining stars of the New York City technology ecosystem, and we’re excited to get the chance to provide the fantastic team at Glia with the capital and scaling support needed to continue their rapid growth in 2019 and beyond.”

Glia plans to expand its product development, sales, solutions, and marketing organizations, growing the employee headcount and infrastructure to further accelerate Glia’s mission to transform how financial institutions connect with their customers using Messaging, Video, Voice, CoBrowsing, and Artificial Intelligence.

“Insight has a long history and excellent track record of working with best-in-class SaaS companies,” said Dan Michaeli, Co-Founder and CEO at Glia. “By adding an investor as strong and experienced as Insight, we are poised to rapidly expand Glia’s market reach. Almost every interaction between businesses and customers today involves a screen, yet the main method of getting in touch is still an old-school phone call. Over the next 3-5 years, the move from phone-first to digital-first communication will define the businesses that win customer experience in their category. Insight’s successes in the enterprise technology space gives us great confidence in their deep understanding of these trends and we are energized to partner with them.”

This round of funding builds on a 2018 in which Glia had substantial success and growth across the entire enterprise as well as recognition by industry leaders.

  • >100% ARR growth year over year. For the third straight year, Glia saw a more than doubling in annual recurring revenue across its customer base. Supported by both additions of new logos in the Americas, EMEA, and APAC.
  • Product. Glia launched many product features and enhancements to increase functionality and performance in 2018, with two major product additions:
    • Glia’s Voice Platform embraces a future where customers will connect with businesses using digital voice rather than legacy phone numbers. The platform seamlessly integrates with Glia’s Video, CoBrowsing, Messaging and AI solution to create a holistic System of Engagement.
    • With companies struggling to provide cohesion for the large number of chatbot deployments across multiple use cases, Glia created the first ever AI Management Platform that enables companies to integrate and manage chatbots from multiple partners (Amazon Lex, Google Dialogflow, IBM Watson, etc.). This management layer allows businesses to treat chatbots like human agents by easily evaluating performance with standard metrics/data and creating chatbot teams.
  • Industry Recognition. Glia was highlighted by Forrester in Kate Leggett’s recent report, How To Build A Modern Agent Desktop And Transform Customer Service Experiences.
  • Hiring. Glia saw 50% employee growth globally across the United States and Estonia, and expanded the executive team with key hires including industry veteran John Fernandez who joins the company as Senior Vice President of Marketing.
  • Awards. Glia continued its track record of winning key industry awards and recognition at events in the Americas and EMEA, including several best in show awards:
    • Best In Show, Orion Ascent/FUSE Conference (Miami Beach, September 2018)
    • Best in Show, Dig-In Insure Analytics and AI (New York, November 2018)
    • Best in Show, Finovate Europe (London, February 2019), marking the 5th time Glia has won Best in Show at a Finovate event
    • Best in Show, Credit Union National Association Governmental Affairs Conference (Washington D.C., March 2019)
  • Re-Brand. Formerly known as SaleMove, the company re-branded as Glia in February. From the ancient Greek for “glue”, Glia are the most numerous cells in the brain that provide physical and nutritional support for neurons. In short, your glia are the infrastructure which allows for all of the communication to take place in the nervous system. Just like the glia in the brain, Glia the company provides the infrastructure for companies to connect with their customers using Messaging, Video, CoBrowsing and AI.

Speaking about the re-brand, Glia Co-Founder and Chief Executive Officer Dan Michaeli stated “When we first started the company, we believed that we could build a platform in order to facilitate more sales, hence SaleMove. As we’ve built on this initial vision, our customers have found many ingenious uses for our functionality that we didn’t imagine at the time. We realize now that the platform does so much more than move sales, so we’ve made the decision to build a brand which supports that wider vision of the value our customers are achieving.”

About Glia

Glia creates digital-first moments that simplify and transform communications between financial institutions and their customers using Messaging, Video, Voice, CoBrowsing, and Artificial Intelligence. Fortune 500 companies that have high-consideration sales and support experiences need to deliver choice, continuity, and speed to their customers. Glia transcends the channel discussion to focus on what matters – customers. Glia is backed by leading venture capital investors including Insight Venture Partners, Tola Capital, Wildcat Capital Management, and Grassy Creek, and Entrepreneurs Roundtable Accelerator. Glia is headquartered in New York City and has additional offices in Tartu and Tallinn, Estonia. For more information, visit www.glia.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high- growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

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Glia raises $20 million to unify voice, video, and chatbots

Today the company announced that it has raised $20 million in series B funding led by Insight Venture Partners, with participation from current …

Multimodality is fast becoming the norm in the $350 billion customer service industry. According to research published last year by Vonage company NewVoiceMedia, three-quarters of customers prefer to have their queries handled by a live agent, while the remaining 25 percent favor chatbots and other self-service alternatives. A separate survey by Econsultancy found that 51 percent prefer live chat for the freedom it affords. And, according to Zendesk, over 80 percent report that they’ve had questions satisfactorily answered via voice, email, and text messaging.

Glia (formerly SaleMove), a New York startup cofounded by Justin DiPietro, Carlos Paniagua, and now-CEO Dan Michaeli in 2012, aims to capitalize on the trend with an omnichannel customer service platform that supports text, phone calls, video chat, and more. Today the company announced that it has raised $20 million in series B funding led by Insight Venture Partners, with participation from current investors Tola Capital, Wildcat Capital Management, Grassy Creek, and Entrepreneurs Roundtable Accelerator, bringing its total raised to $29 million.

It’s been an eventful year for Glia, according to Michaeli. In 2018, the company saw annual recurring revenue grow 100 percent year-over-year across its customer base of financial services companies, and its workforce doubled globally. The funding, he says, will be used to expand Glia’s geographic footprint, particularly in product development, sales, marketing, and infrastructure.

“Almost every interaction between businesses and customers today involves a screen, yet the main method of getting in touch is still an old-school phone call,” he added. “Over the next three to five years, the move from ‘phone-first’ to ‘digital-first’ communication will define the businesses that win customer experience in their category.”

Glia

Glia matches customers with support staff by marrying video with messaging and voice. Michaeli claims its chatbot framework — AI Mangement Platform — is a key differentiator; it integrates and tracks bots powered by IBM’s Watson, Amazon’s Lex, Google’s Dialogflow, and other natural dialogue backends, which managers can divvy up into teams.

Customers who opt for human help can participate via Glia in live video sessions in which reps provide guided product tours and answer questions verbally or via text. Niftily, folks who dial in are assigned a unique ID that Glia uses to intelligently route them to the person they last spoke with.

No matter which medium customers choose in Glia, its CoBrowsing tool enables agents to walk people through apps and websites with a virtual mouse cursor. Michaeli claims that this option (in tandem with the rest of Glia’s suite) has delivered some of its clients 20 percent faster issue reduction, a 4 times increase in application throughput, and an 18 percent reduction in average handle time.

“We are proud to partner with Glia to transform how businesses connect with customers,” said Insight Venture Partners’ Lonne Jaffe, who plans to join Glia’s board of directors. “Glia’s innovative technology includes an elegant blend of … video chat and voice communications and a machine learning-powered chatbot chassis that works across [platforms]. Glia is one of the shining stars of the New York City technology ecosystem, and we’re excited to get the chance to provide the team with the capital and scaling support needed to continue their rapid growth in 2019 and beyond.”

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Glia (formerly SaleMove) Raises $20M in Series B Funding led by Insight Venture Partners to …

This brings Glia’s total fundraising to $29 million as Insight Venture Partners joins current investors Tola Capital, Wildcat Capital Management, and …

NEW YORK and TARTU, Estonia and TALLINN, Estonia, March 13, 2019 /PRNewswire/ — Glia (formerly SaleMove), a leading digital customer service platform for financial services companies, today announced that it has raised $20 million in additional funding led by Insight Venture Partners, and joined by existing investors. This brings Glia’s total fundraising to $29 million as Insight Venture Partners joins current investors Tola Capital, Wildcat Capital Management, Grassy Creek, and Entrepreneurs Roundtable Accelerator. As part of the investment, Lonne Jaffe, Managing Director at Insight Venture Partners, will join Glia’s board of directors.

“We are proud to partner with Glia to transform how businesses connect with customers,” said Lonne Jaffe, Managing Director at Insight Venture Partners. “Glia’s innovative technology includes an elegant blend of CoBrowsing, video chat, voice communications, and a machine learning-powered chatbot chassis that works across Amazon Lex, Google Dialogflow, IBM Watson and more. Glia is one of the shining stars of the New York City technology ecosystem, and we’re excited to get the chance to provide the fantastic team at Glia with the capital and scaling support needed to continue their rapid growth in 2019 and beyond.”

Glia plans to expand its product development, sales, solutions, and marketing organizations, growing the employee headcount and infrastructure to further accelerate Glia’s mission to transform how financial institutions connect with their customers using Messaging, Video, Voice, CoBrowsing, and Artificial Intelligence.

“Insight has a long history and excellent track record of working with best-in-class SaaS companies,” said Dan Michaeli, Co-Founder and CEO at Glia. “By adding an investor as strong and experienced as Insight, we are poised to rapidly expand Glia’s market reach. Almost every interaction between businesses and customers today involves a screen, yet the main method of getting in touch is still an old-school phone call. Over the next 3-5 years, the move from phone-first to digital-first communication will define the businesses that win customer experience in their category. Insight’s successes in the enterprise technology space gives us great confidence in their deep understanding of these trends and we are energized to partner with them.”

This round of funding builds on a 2018 in which Glia had substantial success and growth across the entire enterprise as well as recognition by industry leaders.

  • >100% ARR growth year over year. For the third straight year, Glia saw a more than doubling in annual recurring revenue across its customer base. Supported by both additions of new logos in the Americas, EMEA, and APAC.
  • Product. Glia launched many product features and enhancements to increase functionality and performance in 2018, with two major product additions:
    • Glia’s Voice Platform embraces a future where customers will connect with businesses using digital voice rather than legacy phone numbers. The platform seamlessly integrates with Glia’s Video, CoBrowsing, Messaging and AI solution to create a holistic System of Engagement.
    • With companies struggling to provide cohesion for the large number of chatbot deployments across multiple use cases, Glia created the first ever AI Management Platform that enables companies to integrate and manage chatbots from multiple partners (Amazon Lex, Google Dialogflow, IBM Watson, etc.). This management layer allows businesses to treat chatbots like human agents by easily evaluating performance with standard metrics/data and creating chatbot teams.
  • Industry Recognition. Glia was highlighted by Forrester in Kate Leggett’s recent report, How To Build A Modern Agent Desktop And Transform Customer Service Experiences.
  • Hiring. Glia saw 50% employee growth globally across the United States and Estonia, and expanded the executive team with key hires including industry veteran John Fernandez who joins the company as Senior Vice President of Marketing.
  • Awards. Glia continued its track record of winning key industry awards and recognition at events in the Americas and EMEA, including several best in show awards:
    • Best In Show, Orion Ascent/FUSE Conference (Miami Beach, September 2018)
    • Best in Show, Dig-In Insure Analytics and AI (New York, November 2018)
    • Best in Show, Finovate Europe (London, February 2019), marking the 5th time Glia has won Best in Show at a Finovate event
    • Best in Show, Credit Union National Association Governmental Affairs Conference (Washington D.C., March 2019)
  • Re-Brand. Formerly known as SaleMove, the company re-branded as Glia in February. From the ancient Greek for “glue”, Glia are the most numerous cells in the brain that provide physical and nutritional support for neurons. In short, your glia are the infrastructure which allows for all of the communication to take place in the nervous system. Just like the glia in the brain, Glia the company provides the infrastructure for companies to connect with their customers using Messaging, Video, CoBrowsing and AI.

Speaking about the re-brand, Glia Co-Founder and Chief Executive Officer Dan Michaeli stated “When we first started the company, we believed that we could build a platform in order to facilitate more sales, hence SaleMove. As we’ve built on this initial vision, our customers have found many ingenious uses for our functionality that we didn’t imagine at the time. We realize now that the platform does so much more than move sales, so we’ve made the decision to build a brand which supports that wider vision of the value our customers are achieving.”

About Glia

Glia creates digital-first moments that simplify and transform communications between financial institutions and their customers using Messaging, Video, Voice, CoBrowsing, and Artificial Intelligence. Fortune 500 companies that have high-consideration sales and support experiences need to deliver choice, continuity, and speed to their customers. Glia transcends the channel discussion to focus on what matters – customers. Glia is backed by leading venture capital investors including Insight Venture Partners, Tola Capital, Wildcat Capital Management, Grassy Creek, and Entrepreneurs Roundtable Accelerator. Glia is headquartered in New York City and has additional offices in Tartu and Tallinn, Estonia. For more information, visit www.glia.com.

About Insight Venture Partners

Insight Venture Partners is a leading global venture capital and private equity firm investing in high- growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.

SOURCE Glia

Related Links

https://www.glia.com

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Intel (INTC) Holder Payden & Rygel Lowered Position; As Transdigm Group (TDG) Share Value …

… Krzanich to discuss developments at Intel, including a recent security flaw and takeover rumors; 08/05/2018 – Intel Capital Announces $72M of New …

TransDigm Group Incorporated (NYSE:TDG) Logo

Advent International Corp increased its stake in Transdigm Group Inc. (TDG) by 29.57% based on its latest 2018Q4 regulatory filing with the SEC. Advent International Corp bought 50,000 shares as the company’s stock rose 20.63% with the market. The hedge fund held 219,075 shares of the military and government and technical company at the end of 2018Q4, valued at $74.50M, up from 169,075 at the end of the previous reported quarter. Advent International Corp who had been investing in Transdigm Group Inc. for a number of months, seems to be bullish on the $23.11B market cap company. The stock increased 0.91% or $3.94 during the last trading session, reaching $436.8. About 446,422 shares traded or 14.54% up from the average. TransDigm Group Incorporated (NYSE:TDG) has risen 52.86% since March 13, 2018 and is uptrending. It has outperformed by 48.49% the S&P500. Some Historical TDG News: 15/03/2018 – ESTERLINE TECHNOLOGIES CORP – DEAL FOR PURCHASE PRICE OF $50 MLN IN CASH; 15/05/2018 – TIGER GLOBAL MANAGEMENT DISSOLVES SHARE STAKE IN COMCAST CORP; 19/03/2018 – WARBURG PINCUS REPORTS SALE OF EXTANT AEROSPACE TO TRANSDIGM; 01/05/2018 – TransDigm 2Q Net $196.3M; 30/04/2018 – TransDigm Appoints Mr. Stein and Michele Santana to Its Bd of Directors; 17/05/2018 – TransDigm Favored by 11 Hedge Funds, 13Fs Show; 30/05/2018 – TransDigm to Host Analyst Day in New York City; 30/04/2018 – TransDigm Announces Kevin Stein as President and CEO and W. Nicholas Howley as Executive Chairman, Appointment of New Board Mem; 19/03/2018 – TransDigm to Acquire Extant for $525; 09/03/2018 – TransDigm Closes Above 50-Day Moving Average: Technicals

Payden & Rygel decreased its stake in Intel (INTC) by 10.42% based on its latest 2018Q4 regulatory filing with the SEC. Payden & Rygel sold 36,400 shares as the company’s stock rose 10.40% with the market. The institutional investor held 312,900 shares of the semiconductors company at the end of 2018Q4, valued at $14.68M, down from 349,300 at the end of the previous reported quarter. Payden & Rygel who had been investing in Intel for a number of months, seems to be less bullish one the $240.90B market cap company. The stock increased 0.41% or $0.22 during the last trading session, reaching $53.57. About 24,148 shares traded. Intel Corporation (NASDAQ:INTC) has risen 12.75% since March 13, 2018 and is uptrending. It has outperformed by 8.38% the S&P500. Some Historical INTC News: 08/05/2018 – Inbox: Senate Intel Committee Releases Unclassified 1st Installment in Russia Report, Updated Recommendations on Election Security; 04/04/2018 – ePlus Wins Healthcare Solution Partner of the Year at Intel Technology Partner Awards; 04/05/2018 – Investor Intel: Lithium’s not so secret untapped supply; 15/03/2018 – “Mad Money” host Jim Cramer sits down with Intel CEO Brian Krzanich to discuss developments at Intel, including a recent security flaw and takeover rumors; 08/05/2018 – Intel Capital Announces $72M of New Investments in 12 Tech Startups; 12/03/2018 – Recode Daily: Intel may join the Broadcom-Qualcomm fight Plus, inside Facebook’s massive bet on an AR future, inside Reddit and the conservative Meredith Corporation, and the Museum of Failure is a hit; 26/04/2018 – INTEL SAYS HIGHER SELLING PRICES HELPED PC UNIT TO GROW; 08/05/2018 – INTEL TO POWER ANDROID-BASED IN-VEHICLE INFOTAINMENT FOR VOLVO; 19/03/2018 – Wiwynn Demonstrates Wiwynn® Cluster Manager with NVMe over Fabric Based on Intel® Rack Scale Design at OCP US Summit; 26/04/2018 – INTEL 1Q REV. $16.1B, EST. $15.1B; BOOSTS YEAR FORECAST

Since September 17, 2018, it had 0 buys, and 7 sales for $24.43 million activity. Another trade for 11,900 shares valued at $3.89M was sold by Laubenthal Raymond F. Shares for $1.26 million were sold by Wynne Sarah on Thursday, February 7. Graff Michael also sold $77,234 worth of TransDigm Group Incorporated (NYSE:TDG) shares. Skulina James also sold $5.18M worth of TransDigm Group Incorporated (NYSE:TDG) on Monday, November 12.

More notable recent TransDigm Group Incorporated (NYSE:TDG) news were published by: Nasdaq.com which released: “3 Top Stocks That Aren’t on Wall Street’s Radar – Nasdaq” on February 19, 2019, also Globenewswire.com with their article: “Consolidated Research: 2019 Summary Expectations for T-Mobile US, WestRock, Shake Shack, Atara Biotherapeutics, CorVel, and Transdigm Group — Fundamental Analysis, Key Performance Indications – GlobeNewswire” published on February 13, 2019, Benzinga.com published: “Insider Buys Of The Week: Kinder Morgan, Restaurant Brands, TransDigm – Benzinga” on February 25, 2019. More interesting news about TransDigm Group Incorporated (NYSE:TDG) were released by: Streetinsider.com and their article: “Tiger Global Management Enters Elastic (ESTC), Tencent Music (TME); Adds to Facebook (FB), Lowers Amazon (AMZN), Liquidates Apple (AAPL) – 13F (more…) – StreetInsider.com” published on February 14, 2019 as well as Seekingalpha.com‘s news article titled: “TransDigm Group Q1 2019 Earnings Preview – Seeking Alpha” with publication date: February 04, 2019.

Investors sentiment decreased to 0.92 in Q4 2018. Its down 0.18, from 1.1 in 2018Q3. It dived, as 54 investors sold TDG shares while 136 reduced holdings. 46 funds opened positions while 128 raised stakes. 54.13 million shares or 4.44% more from 51.83 million shares in 2018Q3 were reported. Cornerstone Advsr Incorporated holds 0% or 73 shares in its portfolio. 58,900 were accumulated by Eulav Asset Mgmt. Bokf Na reported 0.01% stake. Kepos Cap L P, New York-based fund reported 3,122 shares. Westfield Mngmt Lp holds 302,321 shares or 0.88% of its portfolio. Goldman Sachs Group Inc reported 200,875 shares. Tremblant Capital Gp has invested 5.42% in TransDigm Group Incorporated (NYSE:TDG). Cap Fund Mngmt Sa owns 9,660 shares or 0.03% of their US portfolio. Hsbc Public Ltd stated it has 0.02% in TransDigm Group Incorporated (NYSE:TDG). L S Advisors Inc invested in 0.22% or 3,465 shares. Renaissance Tech Ltd Llc, New York-based fund reported 4,400 shares. Jpmorgan Chase And Commerce has 0.01% invested in TransDigm Group Incorporated (NYSE:TDG) for 121,643 shares. Blair William & Il has invested 0.41% in TransDigm Group Incorporated (NYSE:TDG). The Japan-based Meiji Yasuda Asset Management Company Ltd has invested 0.04% in TransDigm Group Incorporated (NYSE:TDG). Parametric Portfolio Associate Ltd reported 233,791 shares.

Payden & Rygel, which manages about $82.81B and $1.24 billion US Long portfolio, upped its stake in Verizon Communications (NYSE:VZ) by 184,200 shares to 649,100 shares, valued at $36.49M in 2018Q4, according to the filing. It also increased its holding in Citigroup (NYSE:C) by 68,650 shares in the quarter, for a total of 240,850 shares, and has risen its stake in Bank Of America (NYSE:BAC).

Since October 25, 2018, it had 2 buys, and 9 insider sales for $893,356 activity. $102,050 worth of stock was sold by Rodgers Steven Ralph on Thursday, October 25. SWAN ROBERT HOLMES also bought $245,993 worth of Intel Corporation (NASDAQ:INTC) shares. Another trade for 6,500 shares valued at $295,945 was made by McBride Kevin Thomas on Tuesday, October 30.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Nasdaq.com which released: “Why Intel Stock Rose 12% in February – Nasdaq” on March 06, 2019, also Nasdaq.com with their article: “Intel’s (INTC) Q4 Earnings Poised on CCG, DCG & NSG Segments – Nasdaq” published on January 21, 2019, Seekingalpha.com published: “Lightening Up On INTC – Seeking Alpha” on October 03, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Seekingalpha.com and their article: “Intel Long-Term Target Prices – Seeking Alpha” published on February 28, 2019 as well as Nasdaq.com‘s news article titled: “Intel (INTC) 3rd Quarter Earnings: What to Expect – Nasdaq” with publication date: October 25, 2018.

Intel Corporation (NASDAQ:INTC) Institutional Positions Chart

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Hibob raises $20 mln

Hibob said March 13 that it raised $20 million in Series A funding from existing investors: Bessemer Venture Partners, Battery Ventures, Eight Roads, …

Hibob said March 13 that it raised $20 million in Series A funding from existing investors: Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures, and Presidio Ventures. Hibob, of Tel Aviv, provides an HR tech platform.

PRESS RELEASE

Rapidly Scaling HR Innovator, Hibob Raises $20 million in Series A+

Fueled by 460% year-over-year growth, the HR disruptor plans rapid U.S. expansion to meet the demands of the changing workforce

NEW YORK, March 13, 2019 – Today, Hibob, the transformative HR tech platform headquartered in Tel Aviv, announces $20 million in Series A+ funding from existing investors: Bessemer Venture Partners, Battery Ventures, Eight Roads, Arbor Ventures, and Presidio Ventures. This investment is an extension of the company’s Series A, announced in April 2017 and sees its stellar bench of investors substantially increase their position in the company. Supporting the company’s mission to transform HR to reflect the changing nature of the workplace and workforce, the expanded investments will drive the next phase of Hibob’s hyper growth, help to establish it as the platform of choice for fast growth companies, and accelerate its penetration in the U.S. and across Europe.

Since its founding in late 2015, Hibob has achieved 460 percent year-over-year growth and now boasts hundreds of customers, including Monzo, Etoro, Happy Socks, Ironsource, Receipt Bank, Fiverr and Karmarama, as well as strategic platform integrations with Slack, Workable, GreenHouse, Aviva, Canada Life, UNAM. Following a seed round of $7.5 million and a series A of $17.5 million, the total investment in Hibob now sits at $45 million in just three years.

Hibob was founded with a mission to create the first HR platform built for the workplace of the future. The market has embraced Hibob, as HR leaders in fast-growing companies recognize that their legacy tools are stuck in the past, unable to deliver on both the engagement needs of the multi-generational workforce and the data-driven needs of progressive HR professionals.

The nature of the workplace experience is rapidly evolving, and the HR tech market is in a rapid growth phase and is expected to reach $22.5 billion by 2022. The proliferation of this technology is not just down to a need for employees and HR teams to better navigate administrative tasks like payroll processes, performance reviews and holiday requests. Rather, organizations are realizing that their people are more than just numbers, resource or talent – management decisions that affect them should be holistic, data-driven and personalized to drive real business results, affirming the power of Hibob’s mission to consumerize HR.

“There is a paradigm shift in the way people work, and HR is shifting from a system of records and resources to a way to manage relationships and productivity. Companies need the right tools to develop and maintain top talent as they grow from hundreds of employees to thousands,” said Ronni Zehavi, Co-founder and CEO of Hibob. “We are pleased that our investors understand the great need in this market and know that we are poised to deliver the most innovative and intuitive product that will allow businesses to flourish in the rapidly evolving world of work.”

“The rapid emergence of the workplace of the future is led by a new generation of digital natives that will dominate the global economy in the coming years. This generation wants to work for fast-growing companies doing meaningful things, disrupting the norm, challenging authority and challenging themselves to grow and develop in a nurturing culture. Fast-growing companies understand this reality and are prepared to invest in HR technology and innovation more than ever before. Great people are in great demand – we are in a ‘quitting economy’ – and our platform, holistic, data-driven and personalized to the ultimate human level while driving business growth.”

This revolution requires a deep understanding of today’s most valuable employees that seek daily engagement, feedback meaning, personalization and opportunities for growth. In parallel, HR needs to be data-driven and democratized, creating consumer-friendly new tools for attracting, retaining and growing valuable employees.

Hibob provides fast-growing companies with the HR capabilities they need to attract, retain and grow today’s demanding workforce. The platform radically streamlines administrative tasks and improves employees’ experiences with intuitive design and unparalleled tools that provide company decision-makers with valuable insights that help retain and grow today’s diverse and demanding workforce.

Global HR tech industry analyst at Bersin by Deloitte, Josh Bersin, understands the need for a dramatic shift in how the industry approaches technological solutions that support today’s workforce. “There are about 1,400 HR tech vendors in the market. One of the more innovative new core HCM platforms is a product called bob, from a fast-growing company called Hibob. bob is designed a management platform first and HR platform second, so its entire design is focused on what information managers, employees, and executives need,” said Bersin.

“Hibob is the perfect partner for companies that strive to put their people first, but lack the right tools to attract, engage, and retain them,” said Davor Hebel, Managing Partner and Head of Eight Roads Ventures Europe.” Hibob can support the evolution of high-growth companies with its easy-to-use, next-generation tool, allowing teams to maintain all-important company culture as they expand into new locations and increase headcount. We feel privileged to have been a part of Hibob’s success story so far and we look forward to continuing our partnership; leveraging the Eight Roads global network to help them scale.”

“Recent customer wins and high levels of growth mean that this is the right time to be injecting additional capital into Hibob,” said Adam Fisher, Partner, Bessemer Ventures. “The company is a great example of an Israeli start-up that is focused, ambitious and demonstrates real knowledge of the future workplace – meaning further expansion, particularly in the US market, makes perfect sense.”

The Hibob team is made up of 130 talented people in New York, London, and Tel Aviv. For more information, please visit www.hibob.com.

-ENDS-

About Hibob

Hibob, the company behind the transformative platform bob, is helping businesses grow their people. Founded in 2015, Hibob understands that a new generation of workforce is creating the workplace of the future, and with that evolution comes a demand for a new way to manage people. bob enables fast-growing companies to attract, excite, retain and develop their most valuable asset, their people through data-driven tools. With offices in New York, London and Tel Aviv, Hibob helps hundreds of businesses around the world grow their people. www.hibob.com