Prismforce raises $13.6 million led by Sequoia Capital India
Summary
Its software suite for skill management, talent marketplace and forecasting helps technology businesses efficiently plan, staff and deliver projects while providing career progression for their employees. We are seeing good traction with marquee global tech services clients, where we are delivering significant business impact on the back of our product deployments.Prismforce is operational in the US and India with live deployments. ET had reported on October 20 that net employee addition by the top IT services providers has dropped by about a fourth in the first two quarters of the current fiscal year, and is expected to fall by almost half for the full year, as the next two quarters are historically weak for the $227 billion software exports industry.The top four companies reported a record 240,000 net headcount growth in FY22, ET had reported.The technology services industry, with a cumulative market cap of over $4 trillion and a global workforce of over 20 million, is a core pillar of the global digital economy. Despite that, there is no large vertical software vendor serving its varied needs, said Abhishek Mohan, principal, Sequoia Capital India . Somnath and Qasims vision is to create the defining vertical software company for technology and professional services.
Funding
Review available funding amount, funding date, investors, and linked company information related to Prismforce raises $13.6 million led by Sequoia Capital India in the interactive ISVWorld profile.