Sounding Board, Inc., a Foster City, Calif.-based cloud coaching platform, closed a $13.1M Series A funding.
The round was led by Canaan Partners, with participation from Correlation Ventures, existing investors Bloomberg Beta, Precursor Ventures, and learning luminaries David Blake (Chairman & founder at Degreed), Kevin Johnson (former CEO at Udemy), Ed Miller (former CEO at NovoEd), and Brett Queener (former President at SmartRecruiters). In conjunction with the funding, Maha Ibrahim, General Partner at Canaan, will join Sounding Board’s all-female Board of Directors.
The company intends to use the funds to expand its business reach.
Led by Christine Tao, CEO, Lori Mazan, Co-Founder and Chief Coaching Officer, and Lori Mazan, President & Chief Coaching Officer, Sounding Board provides a Coaching Enablement Platform and managed coach network focused on business outcomes to solve the most challenging problems facing companies today – the ability to quickly develop leaders for measurable business impact, at scale, in times of rapid change. The solution allows enterprises to manage, scale, and measure coaching on one unified platform. Proprietary AI-Powered tools remove the administrative burden around coach matching, scheduling, and program management to allow coaching to scale broadly. The solution has attracted global enterprises including Bloomberg, Kraft Heinz, Intel, VMWare, Cloudera as well as startups such as Chime, Plaid, and Dropbox.