RiseSmart, a San Jose, Calif.-based provider of outplacement workforce services, has raised $2m in funding from Norwest Venture Partners.
The company, which has raised a total of $13.85m since it was founded in 2007, is also backed by Storm Ventures and angel investors.
Led by founder and CEO Sanjay Sathe, RiseSmart leverages a cloud-based technology platform, proven methodologies, and one-on-one support to help employers with their workforce strategies, and displaced employees with their career strategies.
Its Transition Concierge uses proprietary job-matching software to deliver custom-tailored job leads as well as information, tools and training to eligible employees through personal career-management portals. Laid-off workers have access to one-on-one assistance from trained Transition Specialists during every step of the job-finding process.
The company is currently hiring (http://www.risesmart.com/Company/Careers).
FinSMEs
01/02/2012
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RiseSmart continues to flush money down the toilet.