{"id":25239,"date":"2021-07-15T04:43:03","date_gmt":"2021-07-15T04:43:03","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/simpplr-raises-32m-for-its-intranet-platform.html"},"modified":"2021-07-15T04:43:03","modified_gmt":"2021-07-15T04:43:03","slug":"simpplr-raises-32m-for-its-intranet-platform","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/simpplr-raises-32m-for-its-intranet-platform.html","title":{"rendered":"Simpplr raises $32M for its intranet platform"},"content":{"rendered":"

Simpplr<\/a>, a modern platform for building intranet sites (or \u201cemployee communications and enablement platforms,\u201d as the company calls it), today announced that it has raised a $32 million Series C round led by Tola Capital. Norwest Ventures, which led the company\u2019s Series B round last year, as well as Salesforce Ventures and George Still Ventures also participated. This brings Simpplr\u2019s total funding to just over $61 million.<\/p>\n

As Simpplr CEO and founder Dhiraj Sharma told me, the Series B round was meant to help the team accelerate product innovation and development. Unsurprisingly, the COVID-19 pandemic only increased demand for digital workplace solutions like Simpplr. As Sharma noted, the company\u2019s thesis was always that the world was moving toward remote\/hybrid work. The pandemic only accelerated this process and with that, the sense of urgency in its customer base to modernize their own platforms for communicating with their employees. To keep up with this growth, the company doubled its team since last August (though Sharma, just like many other startup founders I\u2019ve recently talked to, also bemoaned that it\u2019s becoming increasingly hard to find talent).<\/p>\n

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The company says that it added 100 enterprise customers over the course of the last year. Today, its customer base includes a number of early adopters like Splunk or Nutanix, which were always building toward a global workforce and always had a need for a product like Simpplr. But due to the pandemic, more traditional businesses like Fox, AAA insurance or Renewal by Andersen also needed to quickly find ways to support their newly remote workforces.<\/p>\n

\u201cWhen this pandemic happened, there were lots of traditional companies who didn\u2019t think that they would be doing remote work as much in the near future as they had to,\u201d Sharma said. \u201cFor them, things changed and then what they realized is that they did not have effective means of formal employee communication and also lacked the digital employee experience \u2014 and they realized that very quickly.\u201d<\/p>\n

Simpplr is obviously not the only intranet solution on the market, but Sharma argues that the service isn\u2019t just recognized by analyst firms like Gartner and Forrester, but also highly reviewed by its customers, in large part thanks to its focus on user experience. \u201cUX is our number one strength and differentiator. We have been pushing the boundaries of intranet for the last five years,\u201d he said and cited features like the company\u2019s auto-governance engine<\/a>, which he likened to a \u201cRoomba for your intranet.\u201d<\/p>\n

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Image Credits:<\/strong> Simpplr<\/p>\n

Analytics, too, is another area where Simpplr is trying to differentiate itself. \u201cOur company\u2019s mission is to help companies build a better workplace \u2014 and unless we can show the areas of improvement and provide insights like how to do something better, we just become a dumb tool,\u201d he said. \u201cFor us, what is very important is not only that you are communicating but helping our customers to understand what\u2019s working and what\u2019s not working. What\u2019s the impact of the communication and how are your employees feeling about it?\u201d<\/p>\n

Looking ahead, the company is working on building more AI into its tools \u2014 including its analytics \u2014 to help companies better communicate with their employees and understand the impact of those messages.<\/p>\n

As for the new funding round, Sharma noted that he bootstrapped his previous two companies, which has made him take a somewhat conservative approach to fundraising. \u201cWhen I used to hear that your investors or VCs expect growth at all costs, I just could never understand that,\u201d he said. \u201cSo while building this company, even though this is a venture-funded company, I still wanted to make sure that I use the finances responsibly and I build a business in a sustainable manner. I wanted to make sure that if we raised a large investment, we have a proper use for that investment and that this investment will bring the right results.\u201d<\/p>\n

Tola Capital principal Eddie Kang will now join Simpplr\u2019s board. \u201cThe future of work is hybrid and Simpplr is essential to a company\u2019s ability to engage with employees,\u201d he said. \u201cAs enterprise software investors, what excites us about Simpplr\u2019s platform is that it allows leadership teams to streamline communications across channels and provides a turnkey platform that drives value to customers very quickly. Our partnership with Simpplr will accelerate its roadmap to meet the needs of global business leaders and communications teams.\u201d<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunchIt\/~3\/LqR-c-FwivE\/<\/p>","protected":false},"excerpt":{"rendered":"

Simpplr, a modern platform for building intranet sites (or \u201cemployee communications and enablement platforms,\u201d as the company calls it), today announced that it has raised a $32 million Series C <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[19],"tags":[25],"class_list":["post-25239","post","type-post","status-publish","format-standard","hentry","category-enterprise-software","tag-enterprise"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t