Darwinbox nabs $72M for its all-in-one HR cloud software solution
Summary
Founded by Chaitanya Peddi, Jayant Paleti, and Rohit Chennamaneni in 2015, Darwinbox today announced that it raised $72 million in a funding round led by Technology Crossover Ventures at an over $1 billion valuation. Darwinbox’s platform hosts an enterprise social network akin to Microsoft’s Yammer, called Vibe, as well as surveys that capture employee feedback and data points for analytics. Integrations are possible across enterprise resource planning, finance, and any other ancillary system via open APIs and over 200 ready-made integrations.” Darwinbox also features ‘groups’ — which allows employees to find others in the company who have similar interests. “Darwinbox leverages AI and machine learning across modules to power faster and more streamlined HR process and functions across the entire employee lifecycle,” Chennamaneni added. We’ve reached out to Darwinbox with questions about its AI ethics practices — including whether it’s taken steps to combat well-known flaws in resume-parsing technology — and will update this article accordingly as further information is provided.
