Utmost, the maker of an app to manage nonemployee workers, announced a funding round. Separately, AI bot maker Talenya raised $6.5 million, and staffing firm Recruit Co. Ltd. invested in a company operating in the blockchain space.
Utmost, the maker of an app aimed at managing nonemployee workers, raised $11.2 million in a series A funding round led by venture capital firm Greylock Partners, Reuters reported Tuesday.
“Systems and tools (or lack thereof) determine organizational architecture, and we think a modern system for the extended workforce is missing,” according to blog post by Sarah Guo, a partner at Greylock. “It’s a huge opportunity for Utmost, and we strongly believe this is the best team to deliver on that opportunity.”
Guo wrote that she will join Utmost’s board along with Greylock Partner Saam Motamedi and Mike Stankey, vice chairman and former president and COO of Workday.
Founders of Utmost include Annrai O’Toole, Dan Beck and Paddy Benson.
O’Toole, Utmost’s CEO, formerly served as European CTO at Workday. Benson, Utmost’s CTO, had been CTO for EMEA and VP of engineering for Groupon. Beck, who is Utmost’s COO, had served as senior VP and senior management team member at Workday.
Utmost lists offices in Dublin, Ireland and San Francisco.
Talenya Inc. announced a $6.5 million funding round. Founded in 2017 by Gal Almog and Doron Segal, the company has offices in Israel and Hoboken, New Jersey.
Plans call for using the funds to expand research and development as well as to expand the company’s sales operation.
Talenya reported it “has developed bots, powered by artificial intelligence, which serve as virtual recruiters capable of locating suitable talent for open roles by gathering and processing information from hundreds of online sources.” It also said the bots can invite candidates to job interviews.
Ibex Investors led the funding round with the participation of two existing venture capital investors — Lool Venture and Gal Ventures. Other participants include East Wind Capital, Arc NY and several existing angel investors.
Recruit Co. Ltd.
Staffing giant Recruit Co. Ltd. announced an investment in a nonstaffing company called NODE Anstalt, a Liechtenstein-based firm that works in the blockchain space.
NODE Anstalt’s technology “is expected to resolve the issue of blockchain scalability and promote mass adoption,” according to Recruit. NODE Anstalt was established in April of this year.
The investment was made through Recruit’s RSP Blockchain Tech Fund Pte. Ltd.