EdGE Networks Gets Funding from Kalaari Capital, Ventureast
Firm to accelerate go-to-market strategy after securing .₹ 29 cr in Series-A funding
Bengaluru: EdGE Networks, an artificial intelligence-driven HR tech solutions company, has secured $4.5 million (about .₹ 29 crore) in Series-A funding led by Kalaari Capital with Ventureast as co-investor. The startup will use the funds to accelerate go-tomarket strategy, product innovation and global expansion. “From a product standpoint, we want to focus on workforce planning and talent transformation side,” said Arjun Pratap, CEO of EdGE Networks. “One of the things we want to do is to build more intelligence to future proof the organisation. A large utilisation (of funds) is to build products in data science and engineering side. We also want to expand our business to the US and the UK region.”
The startup uses AI and data science to solve talent acquisition and workforce optimisation challenges for large and mid-sized organisations. Its clients include Wipro, Dell and HCL.
“AI-driven solutions are fast tak- VILHELM HAMMERSHØI,
ARJUN PRATAP CEO, EdGE Networks We want to focus on workforce planning and talent transformation
ing mainstage in solving real problems faced by enterprises and opening up opportunities for step changes in business processes and cost innovations,” said Sumit Jain, partner at Kalaari Capital. “Arjun (Pratap) and his team bring a rare combination of tech- nology excellence, business innovation and enterprise experience.” In May, EdGE Networks was selected by Google as one of the six companies from India for its 2017 Launchpad Accelerator programme in San Francisco. “EdGE Networks is recruiting through an AI engine and is also doing talent transformation and workforce planning for the enterprise,” said Siddhartha Das, general partner at Ventureast. “They are doing it at several levels. It is a very strategic activity for the enterprise.”
Funds EdGE Networks secured in Series-A round