Sense Secures $16 Million in New Funding to Drive Talent Acquisition as Labor Market Rebounds
Strong Industry Demand and Company Growth Attract Top Investors to Sense’s Solutions in Recruiting and Talent Acquisition
SAN FRANCISCO–(BUSINESS WIRE)–Sense, the market leader in AI-driven talent engagement and communication platform solutions for recruiting, today announced $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 the company’s 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,” explained Anil Dharni, CEO and Co-Founder of Sense. “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.”
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, Sense 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 its inception, Sense has experienced significant growth and is currently servicing more than 400 customers across the globe including Amazon and Kelly Services. This past year Sense has doubled its revenue and employee headcount and continues to grow with the recent expansion of its new office in India.
To support Sense India’s growth, 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,” explained Nishant Rao, Sense Board Member. “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.”
Sense is the leading AI-powered talent engagement and communication platform for recruiting that enables talent acquisition teams to personalize their interactions with talent at every stage of the employment cycle. Founded in 2015 by serial entrepreneurs with deep expertise in staffing and software, Sense is an enterprise-ready solution that provides a system of engagement for TA and recruiting agencies. More than 400 customers and top staffing agencies across industries, including Kelly Services and Recruit, trust Sense. Its solutions are fully integrated with leading ATS platforms, which ensures consistency in data from one source to another. Sense ranks #1 on G2 in the Candidate Relationship Management Software category. Based in San Francisco, Sense has raised capital from Avataar Venture Partners, GV, Accel, Khosla Ventures, Signia Ventures, and IDG SF.
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.
mPR, Inc. for Sense