HiBob, a New York-based provider of an HR platform for organizations to operate in the modern world of work, added $150M in funding.
The round, which brought the total amount to $574M, was led by Farallon Capital and included Alpha Wave Global and existing investors.
The company intends to use the funds to accelerate its investment in product innovation and development, expand into new geographies, and serve customers at enterprise scale as it continues to gain market shares globally.
Led by CEO Ronni Zehavi, HiBob provides an HR product suite called Bob that uses a modular approach that meets the needs of multinational companies seeking agile technology and analytics to support operations across distributed workforces in the business and work landscape. Companies using Bob are able to collaboratively adjust their processes and keep pace with changes to when, where, and how they work to accelerate hiring, retain talent, upskill staff, and improve employee experience. The company serves more than 3,500 customers, including Uala, SugarCRM, The Josh Bersin Company, Fiverr, The&Partnership, and VaynerMedia, and exceeds $100M in Annual Recurring Revenue (ARR).
FinSMEs
19/09/2023