HR technical solutions provider company- EdGE Networks has recently raised $4.5 million in a Series A round of funding from Kalaari Capital, with Ventureast as a co-investor.
The company said it will use the Series A capital to strengthen its core product offerings for workforce optimisation and talent acquisition.
Geographical and vertical expansion are two areas that the company will pursue across the next phase of growth, EdGE Networks said in a statement.
“AI-driven solutions are fast taking main-stage in solving real problems faced by enterprises and opening up opportunities for step changes in business processes and cost innovations. EdGE Networks is at the forefront of AI-led HR innovation and we are excited to partner with them on their journey.” said Sumit Jain, Partner at Kalaari Capital.
Siddhartha Das, General Partner at Ventureast said “Workforce optimization and right talent acquisition are critical for success in an increasingly tech-driven environment. The team at EdGE are building an AI-driven solution to address the future challenges in HR management.”
It has successfully developed tech-driven HR solutions for better talent acquisitions and managing the workforce of a company, by introducing concepts like AI, data science, analytics and machine learning in this sector.
EdGE has served customers like Wipro, HCL, Virtusa and others.