Disprz, a suite specializing in AI-powered learning and skilling, has successfully raised $30 million in a Series C funding round. The round was led by Lumos Capital and 360 ONE Asset (IIFL), with contributions from Kae Capital, KOIS, and Dallas Venture Capital. The funds will be channeled towards global market expansion and product development, with a focus on leveraging Generative AI in emerging markets like India and expanding into the US.
Remarkable Growth and Market Fit
Since its establishment in 2015, Disprz has demonstrated significant growth and is one of the few HR tech startups in the Series C segment. The company serves industry leaders such as Thrasio, Amazon, and Mint Dentistry. Kuljit Chadha, Co-Founder & COO of Disprz, noted, “The company’s consistent revenue growth, during and after the peak of the pandemic, shows that people’s advancement is a recession-proof problem statement within HR tech – it is a core problem of humanity.”
AI-Powered Learning in the Workforce
Subbu Viswanathan, Co-founder & CEO of Disprz, emphasized the company’s commitment to innovation in the learning and skilling space. He stated, “Disprz is at the forefront of innovation in the learning and skilling space. We are on a mission to equip the workforce for the rapidly changing world, and we solve this mission using a B2B SaaS approach.”
A Rare Combination of Product Breadth and Depth
Rohan Wadhwa, Managing Director of Lumos Capital Group, praised Disprz for its unique combination of product breadth and depth. He said, “Disprz provides the rare combination of breadth in product with their Learning Management System, Learning Experience Platform, and Frontline Enablement offerings, to meet a spectrum of customer needs and also depth of product quality to ensure its serving customers with the highest level of product innovation.”
Global Expansion and Strategic Partnerships
Having established a global footprint, Disprz currently serves over 350 organizations spanning all continents. The recent funding influx will pave the way for the company to broaden its global team. This expansion will include the hiring of data scientists, skilling scientists, and engineers, all aimed at bolstering its product capabilities.
In addition, Disprz has set its sights on forming strategic partnerships and making strategic acquisitions. The goal is to align itself with the broader learning ecosystem, thereby fostering a more integrated approach to learning and development.
Looking ahead, Disprz envisions itself as more than just a platform for employee skilling. The company aspires to become a comprehensive global people intelligence suite, providing support for every stage of an employee’s professional journey. Ultimately, the aim is to empower organizations across the globe, enabling them to unlock their workforce’s potential through a blend of skills, data, and personalized learning experiences.
Disprz, a suite specializing in AI-driven learning and skill development, has successfully secured $30 million in a Series C funding round. This funding is set to fuel the company’s global expansion and further its product development efforts. With a clientele that includes industry leaders and a presence established across the globe, Disprz is poised for growth. The newly acquired funds will facilitate the expansion of the Disprz team and foster the formation of strategic partnerships and acquisitions. Ultimately, Disprz aspires to evolve into a comprehensive people intelligence suite on a global scale, providing support for every phase of an employee’s professional journey.
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