Utmost is a native app built on top of the Workday platform that helps organizations manage their remote workforce. The platform offers an all-in-one solution that includes onboarding, timesheets, payments, and tracking of total spending on contractors, freelancers, and vendors. In addition, the platform provides managers with insights into workforce composition, and geographical spread. The system’s core competency is its native Workday integration which allows managers to directly plug into Workday while also managing their external hiring needs directly through Utmost.
Fortune 1000 companies represent 70% of their client base including companies like Ecolab, NortonLifeLock, and Colonial Life. The company has offices in Ireland and the US. The company reported that it experienced 150% YoY growth in customers in Q4 FY2020.
The company announced that it had raised USD 21 million in a Series B funding round led by Mosaic Ventures. The round included participation by existing investors Greylock Partners and Workday Ventures as well as new investors Acadian Ventures and Alumni Ventures Group. The fresh capital is going toward an expansion in the North American and European markets. The company also plans to funnel a portion of the funds into product development.
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