Sense Talent Engagement Platform Raises $ 50 Million

  • Sense recently announced a $ 50 million Series D funding led by SoftBank Vision Fund 2. These are the details.

Sense, a market leader in AI-driven talent engagement and recruitment communications solutions, recently announced a $ 50 million Series D funding led by SoftBank Vision Fund 2. So far, Sense has secured total funding of $ 90 million.

With 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 recruitment process while infusing it with personalization. This tailwind has helped Sense gain traction with over 600 customers.

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

Sense provides a unique engagement platform powered by AI and machine learning that enables personalized communication across the talent lifecycle at scale. And thanks to this personalized approach, Sense clients experience on average: a 263% increase in shortlisted candidates compared to a manual approach, a 30-81% reduction in fill time, and up to 800 hours of referral time. recruiting earned by recruiters.

KEY QUOTES:

“Sense’s founding mission to equip companies to engage the best talent both quickly and efficiently 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. Our latest funding is not only a validation of the need for personalized talent engagement in today’s candidate-centric world, but is also an accelerator for our platform on a global scale as we are helping to reshape the future of work.

– Anil Dharni, CEO of Sense

“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.

– Munish Varma, Managing Partner, SoftBank Investment Advisers

“We believe that the critical nature of the Sense platform in enabling 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. “

– Sumer Juneja, Managing Partner, SoftBank Investment Advisers

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