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Employee engagement platform AdvantageClub AI raises $4 million

Economic Times

Economic Times · 8m ago

Employee engagement platform AdvantageClub AI raises $4 million

Employee engagement and rewards platform, AdvantageClub.ai, has secured $4 million in funding to support its expansion plans in the US and Asia. The company aims to enhance its wellness programs, such as outpatient department plans, fitness plans, and health checkups, as well as improve its technological capabilities in the HRtech space. AdvantageClub.ai leverages AI to provide rewards and recognition solutions with personalized recommendations, real-time feedback, and AI-powered virtual assistants. The platform has over 5.5 million users across 100 countries and counts Concentrix, BCG, and Tata Steel among its clients. This funding follows a previous investment of $5 million in 2021.

Related News

Axilor Ventures leads $4 Mn round in AdvantageClub.ai

Entrackr

Entrackr · 8m ago

Axilor Ventures leads $4 Mn round in AdvantageClub.ai

Employee engagement platform AdvantageClub.ai has raised $4 million in its latest funding round led by Axilor Ventures, bringing the company's total funding to $11 million. The round also witnessed participation from AFG Ventures. AdvantageClub is an AI-powered employee engagement, rewards, and wellness platform with offerings like rewards & recognition, wellness solutions including OPD plans, annual health checkups, wellness challenges, sales incentive automation, flexible benefits, surveys, moments that matter, and communities on a single platform.

Employee management platform Advantage Club's FY23 revenue jumps 94% to Rs 323Cr

IndianStartupNews

IndianStartupNews · 1y ago

Employee management platform Advantage Club's FY23 revenue jumps 94% to Rs 323Cr

Employee management platform Advantage Club has reported a 93.4% surge in operating revenue to Rs 323 crore in fiscal year 2023, up from Rs 167 crore in FY22. The startup, which provides employee engagement and experience solutions, has expanded its client base to 1,000 across 100 countries and doubled its user base to 4 million. The majority of revenue (91.5%) came from voucher sales, while challenges in managing costs while scaling operations were highlighted. Advantage Club has raised over $6.7 million from investors including Acequia Capital, Kunal Shah, and Y Combinator.

AI software firm Thesys raises $4 million from Together Fund

Economic Times

Economic Times · 9m ago

AI software firm Thesys raises $4 million from Together Fund

AI software platform Thesys has raised $4 million in seed funding led by Together Fund. The company plans to use the funds to enhance its research and development efforts, AI engineering capabilities and go-to-market initiatives. Thesys simplifies the process of creating AI agents, providing tools for designing, visualizing, and prototyping AI applications. It is currently collaborating with 12 companies and aims to create AI tools to help companies optimize customer retention and engagement. Thesys envisions a future where interfaces adapt to individual user behavior and preferences. After its closed beta launch, Thesys plans to make its product generally available within the next quarter.

Leveraging AI For Employee Engagement And Well-being In Modern Workplaces

Inc42 · 11m ago

Leveraging AI For Employee Engagement And Well-being In Modern Workplaces

LinkedIn's Emerging Jobs Report shows a significant rise of 74% in AI Specialist roles in India over the past four years. Companies are utilizing AI-driven platforms to tailor recognition programs based on individual employee profiles. One case study demonstrated that implementing Amara's AI-driven engagement tools resulted in a 30% increase in employee engagement scores within six months.

Conversational support platform ClearFeed raises $2.7 million in funding led by Peak XV accelerator Surge

Economic Times

Economic Times · 1y ago

Conversational support platform ClearFeed raises $2.7 million in funding led by Peak XV accelerator Surge

Conversational support platform ClearFeed has secured $2.7 million in a seed funding round led by Peak XV Partners, with participation from 8VC. ClearFeed aims to address the limitations of chat platforms like Slack and Microsoft Teams by providing structure, tracking systems and metrics for larger enterprise teams. The company uses AI models to track inquiries and streamline customer and employee requests, offering features like triage channels and one-click ticket filing. ClearFeed also integrates with popular software tools and utilizes OpenAI's GPT-4 to generate answers and assist agents.

Customer engagement platform Beamer raises $20M

TechCrunch · 1y ago

Customer engagement platform Beamer raises $20M

Beamer, a no-code platform for product engagement measurement, received a $20 million investment from Camber Partners in its first outside funding round. The funds will be directed towards expanding product lines for product managers and marketers and enhancing AI capabilities. Beamer helps companies like Atlassian and Freshworks boost customer retention through tools for highlighting updates, capturing user feedback, and measuring loyalty.

Smartstaff raises 6.2M $ from returning investors

Economic Times

Economic Times · 2y ago

Smartstaff raises 6.2M $ from returning investors

The funding included $5,00,000 of debt funding from Alteria Capital, Smartstaff founder and CEO Arpit Dave told ETtech. Alteria Capital was the only new investor in the funding round. SmartStaff provides AI-powered HR solutions to enterprises, including recruitment and employee engagement tools. The investment from returning investors highlights confidence in the company's growth potential and its ability to address the evolving needs of the HR tech market.

Conversational AI platform Gupshup raises $60 million from Globespan, EvolutionX - The Economic Times

Economic Times

Economic Times · 16d ago

Conversational AI platform Gupshup raises $60 million from Globespan, EvolutionX - The Economic Times

Gupshup raised $60 million from Globespan Capital Partners and EvolutionX Debt Capital to expand its AI-driven messaging platform and target high-growth regions like India and Latin America. As businesses increasingly adopt AI for customer interaction, Gupshup plans to enhance efficiency through AI automation. Founded in 2004, Gupshup processes over 120 billion messages annually and caters to large enterprises in various sectors. The funding will aid in scaling its conversational AI solutions and improving enterprise engagement.

Insider Raises $500 Million Series E Led by General Atlantic for U.S. Expansion, AI Investments, and Strategic Acquisitions

deepnewz

deepnewz · 9m ago

Insider Raises $500 Million Series E Led by General Atlantic for U.S. Expansion, AI Investments, and Strategic Acquisitions

Insider, a marketing technology platform, has raised $500 million in a Series E funding round led by General Atlantic. The funding will aid the company's expansion into the U.S., boost its AI capabilities, facilitate strategic acquisitions, and support research and development efforts. Insider offers AI-driven marketing and customer engagement tools, positioning itself as a prominent player in the marketing technology industry.

Pulsate Raises $7.75M in Series A Funding

Finsmes · 1y ago

Pulsate Raises $7.75M in Series A Funding

Madison-based mobile engagement solutions provider, Pulsate, has secured $7.75 million in Series A funding. The round was led by TruStage Ventures and Curql Collective, with plans to use the funds to fuel growth and expand its team and resources. Pulsate's mobile-first platform helps credit unions and community banks improve revenue and engagement through personalized mobile marketing communications. CEO Sarah Martin believes this investment validates the strength of their platform and will help them revolutionize relationship banking in the digital realm.

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