Hibob provides an end-to-end HR software platform which provides tools for onboarding, measuring employee engagement and performance, and payroll reports to name a few. The company has offices in Tel Aviv, London, and New York and the majority of its revenue comes from Europe according to company disclosure in December 2020. Customers include Revolut, Happy Socks, ironSource, Receipt Bank, Fiverr, Gong and VaynerMedia with 65% of them based in the UK and other European markets as of October 2021. The platform focuses on the mid-sized market segment and has over 1,500 companies registered in over 134 countries across Europe, US, and Asia as of October 2021.
In June 2021, Hibob announced that it had acquired the people analytics platform Cassiopeia. The terms of the transaction were not disclosed. Cassiopeia is an AI-based startup that provides relationship analytics to help remote and hybrid teams improve communication and collaboration. The platform does so by connecting with communication channels such Slack, Calendar, Zoom, and Email.
With the completion of the acquisition, Cassiopeia co-founders Tomer Laszlo, Maayan Lahav, and Shiran Yaroslavsky will join Hibob, with Yaroslavsky leading Hibob’s product management in North America. Its technology is expected to complement Hibob’s people analytics capabilities.
Key customers and partnerships
In September 2023 , HiBob entered into a partnership with Papaya Global to integrate their respective HR and payroll platforms and streamline data synchronization for multinational companies.
Funding and financials
In October 2021, Hibob raised USD 150 million in funding led by General Atlantic. Existing investors Bessemer Venture Partners, Battery Ventures, Eight Roads and Entrée Capital also participated. The fresh funds are expected to be used to grow its geographical footprint. The round reportedly more than tripled the company’s valuation to USD 1.7 billion from USD 500 million following a USD 70 million Series B round in December 2020.
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