The Bengaluru-based firm plans to use the Series A capital to strengthen its core product offerings for workforce optimisation and talent acquisition, according to an official statement.
“This funding will allow us to strengthen our technology, expand our team and move forward to realise our global ambitions,” EdGE Networks founder and CEO Arjun Pratap said.
Geographical and vertical expansion are two areas that the company will pursue across the next phase of growth, according to the statement.
Founded in 2013, EdGE Networks uses AI and data science to help address talent acquisition and workforce optimisation challenges faced by large and mid-sized organisations. It was among the six companies chosen by Google for its 2017 Launchpad Accelerator programme in the US.
In September, Mumbai- and California-based employment-tech startup Shortlist raised $1 million from US-based venture capital firm University Ventures and other investors. Earlier in June, another HR Tech startup Darwinbox had raised $4 million from venture capital firm Lightspeed and other investors.
Kalaari Capital is an early-stage, technology-focused venture capital firm with $650 million in assets under management. It recently led a $1.1-million round in Hyderabad-based medical transportation startup StanPlus through its seed fund Kstart. It also participated in a $6 million funding round in media-firm YourStory Media Pvt. Ltd along with UC-RNT Fund, 3one4 Capital and Qualcomm Ventures.