Bangalore, India, October 30, 2017- EdGE Networks,
an AI driven HR tech solutions company, today announced that it has secured
$4.5 million in Series A funding led by Kalaari Capital with Ventureast as
co-investor. The company will use the capital to build upon its early success
in the HR Technology space by strengthening its core product offerings for
Workforce Optimization and Talent Acquisition. The next phase of product
development with data science driven innovation across Talent Transformation
and Workforce Planning will aim to prepare customers for the future of work and
continuous upgradation of their manpower. Geographical and vertical expansion
are two areas that the company will pursue across the next phase of growth.
an AI driven HR tech solutions company, today announced that it has secured
$4.5 million in Series A funding led by Kalaari Capital with Ventureast as
co-investor. The company will use the capital to build upon its early success
in the HR Technology space by strengthening its core product offerings for
Workforce Optimization and Talent Acquisition. The next phase of product
development with data science driven innovation across Talent Transformation
and Workforce Planning will aim to prepare customers for the future of work and
continuous upgradation of their manpower. Geographical and vertical expansion
are two areas that the company will pursue across the next phase of growth.
The startup harnesses
Artificial Intelligence (AI) and Data Science to solve the toughest talent
acquisition and workforce optimization challenges faced by large and mid-sized
organizations and has delivered significant cost and efficiency benefits to its
enterprise customers.
Artificial Intelligence (AI) and Data Science to solve the toughest talent
acquisition and workforce optimization challenges faced by large and mid-sized
organizations and has delivered significant cost and efficiency benefits to its
enterprise customers.
Arjun Pratap, founder
and CEO of EdGE Networks noted, “We are delighted to partner with our new
investors whose collective track-record and experience of building companies
will be invaluable as we work together to build a best-in-class HR technology
company to transform workforces. This funding will allow us to strengthen our
technology, expand our team and move forward to realize our global ambitions.”
and CEO of EdGE Networks noted, “We are delighted to partner with our new
investors whose collective track-record and experience of building companies
will be invaluable as we work together to build a best-in-class HR technology
company to transform workforces. This funding will allow us to strengthen our
technology, expand our team and move forward to realize our global ambitions.”
“AI-driven solutions
are fast taking main-stage in solving real problems faced by enterprises and
opening up opportunities for step changes in business processes and cost
innovations. EdGE Networks is at the forefront of AI-led HR innovation and we
are excited to partner with them in their journey. Arjun and his team bring a
rare combination of technology excellence, business innovation and enterprise
experience and we wish them great success in the years to come,” said Sumit
Jain, Partner at Kalaari Capital.
are fast taking main-stage in solving real problems faced by enterprises and
opening up opportunities for step changes in business processes and cost
innovations. EdGE Networks is at the forefront of AI-led HR innovation and we
are excited to partner with them in their journey. Arjun and his team bring a
rare combination of technology excellence, business innovation and enterprise
experience and we wish them great success in the years to come,” said Sumit
Jain, Partner at Kalaari Capital.
“Workforce
optimization and right talent acquisition are critical for success in an
increasingly tech driven environment. The team at EdGE are building an AI
driven solution to address the future challenges in HR management. We are happy
to become a part of their growth and success story through this investment,”
said Siddhartha Das, General Partner at Ventureast.
optimization and right talent acquisition are critical for success in an
increasingly tech driven environment. The team at EdGE are building an AI
driven solution to address the future challenges in HR management. We are happy
to become a part of their growth and success story through this investment,”
said Siddhartha Das, General Partner at Ventureast.
EdGE works with
customers like Wipro, HCL, Virtusa and several others and is a winner of
multiple awards including the India Emerging (IE20) 2017 and Deloitte
Technology Fast 50 India 2016. EdGE was also named in the NASSCOM Emerge 2016
Awards in its list of top 50 emerging startups in India. The company was chosen
by Google for its 2017 Launchpad Accelerator program in San Francisco as one of
6 companies from India. The startup is also an innovation partner with National
Skills Development Corporation of India (NSDC).
customers like Wipro, HCL, Virtusa and several others and is a winner of
multiple awards including the India Emerging (IE20) 2017 and Deloitte
Technology Fast 50 India 2016. EdGE was also named in the NASSCOM Emerge 2016
Awards in its list of top 50 emerging startups in India. The company was chosen
by Google for its 2017 Launchpad Accelerator program in San Francisco as one of
6 companies from India. The startup is also an innovation partner with National
Skills Development Corporation of India (NSDC).
