AI NEWS

Simpplr’s AI-Enhanced Intranet Platform Secures $70M in Funding

Simpplr's AI-Enhanced Intranet Platform Secures $70M in Funding

Simpplr, the AI-powered intranet platform, announced on May 2, 2023, that it has raised $70 million in a funding round led by Sapphire Ventures with participation from Norwest Ventures, Tola Capital, and Salesforce Ventures.

This new tranche adds to Simpplr’s previously raised $61 million.

👉 Find the best AI tools to supercharge your business.

Simple's plans for the AI-intranet platform

Simpplr plans to use the funding to grow its workforce and support ongoing product research and development, according to CEO Dhiraj Sharma.

Simpplr’s platform, which leverages AI to improve employee communication, engagement, and productivity, has already attracted clients like Toyota, Twitter, and American Fidelity.

Succesful funding

Simpplr’s latest funding round follows a successful first quarter for legacy automaker Ford, which reported earnings on May 2, 2023.

This quarter marks the first time that Ford has broken down earnings by its individual business lines, including electric vehicles, autonomous driving, and mobility services.

Conclusion

In conclusion, Simpplr’s latest funding round demonstrates the continued demand for innovative workplace solutions that leverage AI to improve communication and productivity.

With the additional funds, Simpplr plans to expand its operations and improve its platform, which has already attracted a diverse array of clients from various industries.

Discover More AI Tools

Every week, we introduce new AI tools and discuss news about artificial intelligence.

To discover new AI tools and stay up to date with newest tools available, click the button.

To subscribe to the newsletter and receive updates on AI, as well as a full list of 200+ AI tools, click here.

Share:

Picture of Insidr.ai

Insidr.ai

Find The Best AI Tools To Supercharge Your Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Table of Contents

List of 300+ Best AI Tools For Free

I’ll send you the full AI Tools List of all the Best AI tools (and not the rest) to supercharge your business & productivity. Updated weekly.

FREE AI TOOLS LIST

500+ Best AI Tools to Supercharge Your Work

insidr-ai_Best AI Tools Directory

Browse 500+ AI Tools in 78+ categories – only the best, not the rest.

When you join, you will get an email with a link to the AI tools list + access to the AI Community with a lot more free AI resources!