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Simpplr raises $70M for its AI-powered intranet platform - Credit: TechCrunch

Simpplr raises $70M for its AI-powered intranet platform

Simpplr, a leading provider of AI-powered intranet solutions, has announced that it has raised $70 million in Series C funding. The round was led by Insight Partners and included participation from existing investors including Emergence Capital and Salesforce Ventures.

The new funds will be used to accelerate product development and expand the company’s global presence. Simpplr plans to use the money to further develop its platform with artificial intelligence (AI) capabilities, as well as invest in sales and marketing initiatives. Additionally, the company intends to focus on expanding its customer base across multiple industries worldwide.

Simpplr’s cloud-based intranet platform is designed for businesses of all sizes who are looking for an easy way to manage their internal communications needs. It provides employees with access to important documents, news updates, collaboration tools such as chat rooms and forums, employee directories, event calendars and more – all within one centralized hub. With AI capabilities integrated into the platform users can quickly find relevant information without having to search through multiple sources or databases manually.

In addition to providing a comprehensive suite of features for managing internal communications needs, Simpplr also offers customers advanced analytics tools which allow them track user engagement levels over time so they can make informed decisions about how best optimize their intranet experience for maximum efficiency and productivity gains. This data can also be used by HR departments when making hiring decisions or evaluating current employees performance levels against industry standards..

The company’s CEO Rajeev Behera said “We are thrilled at this opportunity presented by our investors who have shown tremendous faith in our vision of transforming enterprise communication experiences using AI technology.” He added “This investment will help us continue innovating our products while scaling up operations globally.”

With this latest round of funding Simpplr now stands at a total capital raise of $110 million since its founding back in 2017 – a testament not only to the success but also potential growth opportunities available within this space going forward..

As companies become increasingly reliant on digital technologies like AI powered intranets platforms such as those offered by Simpplr there is no doubt that we will see continued investments being made into similar solutions moving forward – especially given how essential these types of services have become during times like these where remote working has become commonplace due COVID-19 pandemic restrictions still being enforced around much world today..

Simpplr raises $70M for its AI-powered intranet platform | Simpplr raises $70M for its AI-powered intranet platform | Technology | TechCrunch

Original source article rewritten by our AI: TechCrunch

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