San Francisco-based HR platform Sense announced Monday that it raised $50 million in fresh financing. The Series D, led by SoftBank Vision Fund 2, sent the company’s valuation soaring to $500 million.
Sense is on a mission to help recruiting teams hire talent fast and at scale without sacrificing a personalized experience. The company works with over 600 organizations and primarily caters to the needs of blue-collar workers. So far corporate giants like Amazon, Sears and Dell have all signed on to the Sense platform to aid their recruiting efforts.
“Today’s market continues to put exponential pressures on hiring teams,” Anil Dharni, co-founder and CEO of Sense, said in a statement. “With resignation rates increasing, a record number of job openings, and candidates in the driver’s seat, organizations are in dire need for new ways to speed, scale, and personalize the hiring process.”
The latest raise comes at a time of immense growth for the company. Over the past year, Sense has doubled its revenue and increased its deal size by 70 percent, according to the company.
The automated communication platform can check in with job candidates and new hires during every step of the talent lifecycle. Instead of having a handful of recruiters issue the same onboarding lecture multiple times, Sense can reach out to candidates with that information instead.
With automated segmentation, recruiters can drag and drop qualifying questions for candidates into a chat module. Later, when a candidate applies, they can engage with the AI-powered platform which then decides whether or not they can move forward in the hiring process. This process frees up time for recruiters so that they can tend to other tasks and ultimately up their productivity.
Sense plans to use the latest raise to invest in product development as the company continues to scale. The HR platform will kick-off its international expansion in Q1 of 2022 with a new office in Bengaluru, India.
“[We] remain committed to building more technology tools to help recruiting teams fairly and equitably build diverse candidate pipelines and workforces to support broader business initiatives and goals around diversity, equity and inclusion,” Dharni continued.
The HR platform’s pockets aren’t the only thing expanding, over the past year Sense has doubled the size of its team. Following the latest raise, the company plans to continue hiring. Sense is currently on the lookout for 26 fresh faces to join its product, engineering, sales and marketing teams, to name a few. More than half of the open positions are available to work remote.
Sense has raised $89.5 million in venture capital financing to date, according to Crunchbase.
