Samanage, a US-based employee management platform backed by enterprise software provider Salesforce, received $30m yesterday from Morgan Stanley Expansion Capital, the growth equity arm of investment banking firm Morgan Stanley.
Founded in 2007, Samanage provides IT service management software designed to be as easy as possible for enterprise employees to use. The platform is equipped with automation and artificial intelligence technology and streamlines the IT service process.
Doron Gordon, Samanage’s founder and CEO, said: “By providing the most innovative employee service management solution in the market, we are able to focus on redefining the service experiences of our customer’s employees. Samanage gives organisations the ability to dramatically improve employee engagement and productivity.
“Service success translates to employee success, and ultimately, business success – and that is what Samanage is all about. We are excited to partner with Morgan Stanley Expansion Capital to accelerate our vision.”
The round took the company’s total funding to $74m, $20m of which came from Salesforce subsidiary Salesforce Ventures and existing backers Carmel Ventures, Gemini Israel Ventures, Marker and Vintage Investment Partners in February 2017.
Smaanage’s existing investors also include Silicon Valley Bank, which took part in its $16m series B round in 2015, Innovation Endeavors and Viola Ventures.
