EdGE Net­works Gets Fund­ing from Kalaari Cap­i­tal, Ven­tureast

Firm to ac­cel­er­ate go-to-mar­ket strat­egy af­ter se­cur­ing .₹ 29 cr in Series-A fund­ing

The Economic Times - - Disruption: Startups & Tech - Our Bureau

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

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