Legion Technologies, a Santa Clara, CA-based company which specializes in workforce management (WFM), received $50M in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO and Founder Sanish Mondkar, Legion Technologies is a provider of a workforce management platform, enabling businesses to optimize labor efficiency and employee engagement simultaneously. It also furthered the development of its innovative Generative AI assistants, conversational agents that help users analyze schedules and timesheets, create and moderate newsfeed content within the Legion app, and customize their app experience to suit their needs.
This summer, the company launched 70 new product features, including:
- Employee Productivity-Based Scheduling, which enables managers to automatically schedule their most productive employees at peak times.
- Time and Attendance Workbench, a generative AI feature that simplifies time and pay processing for payroll administrators by improving overall ease of use.
- Enhanced Shift Offers make it quick and easy for hourly employees to find open shift offers that match their preferences and availability. Shift offers can be immediately sent to all eligible staff.
- Enhanced Schedule Score, which allows organizations to define schedule goals that align with their key business objectives, such as maintaining compliance, staying within budget, and addressing employees’ availability and skills.
- Increased Extensibility, enablescustomers to create contextual metrics tailored to specific business needs, offering a more personalized and insightful user experience.
The raise, which brought Legion’s total funding to $195M, followed a $50M growth round led by Riverwood Capital earlier this year.
FinSMEs
12/12/2024