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        Factorial, an HR SaaS platform, raised EUR 74.5 million (USD 79.4 million) in debt funding. General Catalyst led this round of investment.
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        This new funding will be directed toward accelerating the growth of Factorial without adversely impacting its balance sheet or diluting current shareholders' stakes. Practically, the funding will go toward spending on acquiring new customers and business expansion costs.
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    <a href="https://www.eu-startups.com/2024/04/barcelona-based-factorial-secures-e74-5-million-go-to-market-investment-to-preserve-equity-and-fuel-growth/">
      EU-startups
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Remote Work Infrastructure

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<p>Factorial, an HR SaaS platform, has secured EUR 74.5 million (USD 79.4 million) in debt funding in a round led by General Catalyst. The funding will bolster Factorial's growth speed without negatively affecting its balance sheet or reducing the stakes of existing shareholders. Essentially, it will be used to acquire new customers and cover business expansion costs.</p>

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Factorial raises EUR 74.5 million in Go-To-Market funding for business expansion

Empowering Tomorrow's Innovations with Generative AI Infrastructure

Generative AI Infrastructure

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

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 <p>Factorial, a human resources Software as a Service (SaaS) platform, has initiated a collaboration with Microsoft. The primary goal of this collaboration is to integrate Microsoft’s advanced content generation and artificial intelligence (AI) tools into Factorial's platform through Azure OpenAI. Specific tools include the chat conversation model GPT-4 and image synthesis model Dall-E, both poised to enhance and transform the processes within human resources departments.</p>
 <p>With this collaboration, Factorial can leverage Microsoft Azure's robust security features to better manage sensitive personal and employee information against data breaches. In addition, the HR SaaS platform can harness the power of generative AI tools through Azure OpenAI to gain new insights from advanced data analysis. This integration not only enhances data representation but also opens new dimensions for informed decision-making in HR processes.</p>
 <p>Ultimately, this strategic collaboration is designed to offer Factorial's clients enhanced security, improved scalability, and increased efficiency in their HR operations. This reiterates Factorial's dedication to digitalize small and medium enterprises (SMEs) and innovate their people management processes, crucial for their sustainability and growth in the digital age.</p> 
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Factorial partners with Microsoft to improve product offering and security for its HR SaaS platform

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 <p>Factorial, a human resources (HR) Software as a Service (SaaS) platform, has entered a partnership with Microsoft. The collaboration involves the integration of advanced content creation and Artificial Intelligence (AI) tools like Chat GPT-4 and Dall-E via Azure OpenAI. The main objective is to digitally transform the processes within HR departments.</p>
 <p>The alliance enables Factorial to use Microsoft Azure, which significantly enhances data security in handling personal and employee data. Factorial will also be utilizing Azure OpenAI's GenAI capabilities. These advanced services are designed for detailed data analysis and insights.</p>
 <p>The strategic initiative is intended to benefit Factorial's clients by providing better security, scalability, and efficiency in HR actions. This move strengthens Factorial's pledge to digitalize the people management processes of Small and Medium Enterprises (SMEs).</p>
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All Updates

Factorial raises EUR 74.5 million in Go-To-Market funding for business expansion

Factorial partners with Microsoft to improve product offering and security for its HR SaaS platform

Factorial partners with Microsoft to improve product offering and security for HR SaaS platform

Factorial raises USD 120 million in Series C funding to reach unicorn status

Factorial raises USD 80 million in funding