Sense, the HR tech startup evaluated at $500 million in SoftBank Vision Fund 2-led funding
- ByStartupStory | December 6, 2021
Sense, an HR tech startup that helps some of the world’s largest staffing and recruitment agencies timely find and hire talent, has grown its valuation to $500 million in a new financing round, a person familiar with the matter told TechCrunch.
The San Francisco-headquartered startup has raised $50 million in its Series D financing round, it said. SoftBank Vision Fund 2 led the financing round, pushing the five-and-a-half-year-old startup’s to-date raise to $90 million. The multiple-fold surge in the valuation comes just six months after Sense closed its Series C round, TechCrunch has learned.
Sense focuses on catering to the blue-collar workers and helps firms manage the talent’s entire lifecycle at the firm.
Hiring knowledge workers may take up to six months, but in “this world, where you’re hiring a warehouse packager, companies need him or her to join today,” explained Anil Dharni, co-founder and chief executive of Sense, in an interview with TechCrunch. He declined to comment on the valuation.
The vast majority of professional social networks and other recruitment platforms are currently designed to serve knowledge workers, he said. “But for people like Uber drivers and Amazon warehouse workers, such platforms are not relevant,” he said, describing the challenge.
The startup, which says it uses automation, artificial intelligence, and personalization in its screening processes, has courted over 600 customers including Amazon, Sears, Vaco, and Kenny that use the Sense platform to scale their hiring, he said.
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