Legion Technologies Secures $50M from Silicon Valley Bank to Fuel Continued Innovation in AI-Powered Workforce Management
Legion Technologies has secured $50 million in financing from Silicon Valley Bank, completing a $100 million raise in 2024 and bringing total funding to $195 million. The company, which specializes in AI-powered workforce management, reported strong revenue growth and introduced 70 new product features, including Employee Productivity-Based Scheduling and Time and Attendance Workbench powered by generative AI.
The company has grown 374% over the past three years and launched innovative features like Enhanced Shift Offers, Enhanced Schedule Score, and Increased Extensibility. Legion also developed Generative AI assistants to help analyze schedules, timesheets, and customize app experiences, aiming to reduce administrative tasks for managers.
Legion Technologies ha ottenuto 50 milioni di dollari di finanziamento da Silicon Valley Bank, completando una raccolta di 100 milioni di dollari nel 2024 e portando il totale dei finanziamenti a 195 milioni di dollari. L'azienda, specializzata in gestione della forza lavoro basata su IA, ha segnalato una forte crescita dei ricavi e ha introdotto 70 nuove funzionalità di prodotto, tra cui la Programmazione Basata sulla Produttività dei Dipendenti e il Workbench per Tempo e Presenze alimentato da IA generativa.
L'azienda è cresciuta del 374% negli ultimi tre anni e ha lanciato funzionalità innovative come Offerte di Turno Migliorate, Punteggio di Programmazione Migliorato e Maggiore Estensibilità. Legion ha anche sviluppato assistenti di IA generativa per aiutare ad analizzare i programmi, le buste ore e personalizzare le esperienze nelle app, con l'obiettivo di ridurre i compiti amministrativi per i manager.
Legion Technologies ha conseguido 50 millones de dólares en financiamiento de Silicon Valley Bank, completando una recaudación de 100 millones de dólares en 2024 y llevando el total de financiamiento a 195 millones de dólares. La compañía, que se especializa en gestión de fuerza laboral impulsada por IA, reportó un fuerte crecimiento en ingresos e introdujo 70 nuevas características de producto, incluyendo Programación Basada en la Productividad de los Empleados y un Banco de Horas y Asistencia impulsado por IA generativa.
La empresa ha crecido un 374% en los últimos tres años y lanzó innovadoras características como Ofertas de Turno Mejoradas, Puntuación de Programación Mejorada y Mayor Extensibilidad. Legion también desarrolló asistentes de IA generativa para ayudar a analizar programas, hojas de tiempo y personalizar experiencias en aplicaciones, con el objetivo de reducir las tareas administrativas para los gerentes.
레지온 테크놀로지스는 실리콘밸리 뱅크로부터 5천만 달러의 자금을 확보하여 2024년 1억 달러의 자금 조달을 완료하고 총 자금 조달을 1억 9천5백만 달러로 늘렸습니다. 인공지능 기반의 인력 관리를 전문으로 하는 이 회사는 강력한 수익 성장률을 보고하며, 직원 생산성 기반 일정 관리 및 생성형 AI에 의해 구동되는 시간 및 출석 작업대와 같은 70개의 새로운 제품 기능을 도입했습니다.
회사는 지난 3년 동안 374% 성장했으며, 향상된 교대 제안, 향상된 일정 점수, 그리고 향상된 확장성과 같은 혁신적인 기능을 출시했습니다. 레지온은 또한 관리자들의 관리 업무를 줄이기 위해 스케줄, 근무 시간표를 분석하고 앱 경험을 맞춤화하는 데 도움을 주기 위해 생성형 AI 어시스턴트를 개발했습니다.
Legion Technologies a sécurisé 50 millions de dollars de financement auprès de la Silicon Valley Bank, complétant une levée de fonds de 100 millions de dollars en 2024 et portant le financement total à 195 millions de dollars. L'entreprise, spécialisée dans la gestion de la main-d'œuvre alimentée par l'IA, a signalé une forte croissance des revenus et a introduit 70 nouvelles fonctionnalités de produit, y compris la planification basée sur la productivité des employés et un atelier sur le temps et la présence alimenté par l'IA générative.
L'entreprise a connu une croissance de 374 % au cours des trois dernières années et a lancé des fonctionnalités innovantes telles que des offres de quarts améliorées, un score de planification amélioré et une extensibilité accrue. Legion a également développé des assistants IA génératifs pour aider à analyser les horaires, les feuilles de temps et à personnaliser les expériences d'application, dans le but de réduire les tâches administratives pour les managers.
Legion Technologies hat 50 Millionen Dollar Finanzierung von der Silicon Valley Bank gesichert, wodurch eine Gesamtsumme von 100 Millionen Dollar im Jahr 2024 erreicht wurde und die Gesamtsumme der Finanzierung auf 195 Millionen Dollar gestiegen ist. Das Unternehmen, das auf KI-gestütztes Workforce-Management spezialisiert ist, berichtete von einem starken Umsatzwachstum und führte 70 neue Produktfunktionen ein, darunter Mitarbeiterproduktivitätsbasierte Planung und ein durch generative KI betriebenes Zeit- und Anwesenheitswerkzeug.
Das Unternehmen ist in den letzten drei Jahren um 374% gewachsen und hat innovative Funktionen wie Verbesserte Schichtangebote, Verbesserte Planungsbewertung und Erhöhte Erweiterbarkeit eingeführt. Legion entwickelte auch generative KI-Assistenten, um bei der Analyse von Zeitplänen, Stundenzetteln zu helfen und App-Erlebnisse zu personalisieren, mit dem Ziel, administrative Aufgaben für Manager zu reduzieren.
- Secured $50M in new financing from Silicon Valley Bank
- Completed $100M total fundraising in 2024
- 374% growth rate over past three years
- Launched 70 new product features
- Strong revenue growth reported
- None.
Insights
The
Legion's platform development shows impressive technical advancement in AI-powered workforce management. The release of 70 new features, particularly the Employee Productivity-Based Scheduling and Generative AI assistants, represents significant innovation in automating complex workforce operations. The platform's enhanced capabilities in contextual metrics and customization demonstrate a sophisticated approach to enterprise-level workforce management. The technology appears well-positioned to address the growing demand for intelligent automation in labor management, particularly in handling hourly workforce scheduling and productivity optimization.
The additional capital rounds out a
“From the beginning, Legion has been on a mission to improve hourly jobs and the capital we’ve received from investors this year demonstrates the enduring value of that mission,” said Sanish Mondkar, founder and CEO of Legion Technologies. “Our tremendous growth stems from the accelerating need for effective workforce management solutions, and this latest financing from SVB further proves that Legion’s intelligently automated, employee-centric platform is the best choice for today’s hourly employees.”
The financing comes on the heels of a groundbreaking fiscal year for Legion, which included achieving strong revenue growth, establishing a customer footprint in new regions, and significantly enhancing the Legion platform. Just this summer, the company launched 70 new product features, including:
- Employee Productivity-Based Scheduling, which enables managers to automatically schedule their most productive employees at peak times.
- Time and Attendance Workbench, a generative AI feature that simplifies time and pay processing for payroll administrators by improving overall ease of use.
- Enhanced Shift Offers make it quick and easy for hourly employees to find open shift offers that match their preferences and availability. Shift offers can be immediately sent to all eligible staff.
- Enhanced Schedule Score, which allows organizations to define schedule goals that align with their key business objectives, such as maintaining compliance, staying within budget, and addressing employees' availability and skills.
- Increased Extensibility, enables customers to create contextual metrics tailored to specific business needs, offering a more personalized and insightful user experience.
“There is increased demand for AI-native workforce management solutions that can improve both labor operations and the employee experience,” said Marisa Phan, Managing Director at Silicon Valley Bank. “Legion has successfully been working to transform the hourly work experience to meet the needs of the modern employee. With this latest financing, we are proud to support Legion as it enables intelligent automation to shape a new future of work.”
Legion also furthered the development of its innovative Generative AI assistants – conversational agents that help users analyze schedules and timesheets, create and moderate newsfeed content within the Legion app, and customize their app experience to suit their needs. When over half of managers feel they don’t have enough time to focus on the parts of their job that they enjoy, these AI assistants can reduce the time spent on administrative tasks and communications, so they can focus on more fulfilling, success-driving tasks.
Repeatedly recognized by the Inc. 5000 and the Deloitte Fast 500 rankings as one of the fastest-growing companies in America, Legion has grown at an average of
For more information about how Legion Technologies is innovating hourly workforce management, visit https://legion.co.
About Legion Technologies
Legion Technologies delivers the industry’s most innovative workforce management platform, enabling businesses to maximize labor efficiency and employee engagement simultaneously. The award-winning, AI-native Legion WFM platform is intelligent, automated, and employee-centric. It’s proven to deliver 13x ROI through schedule optimization, reduced attrition, increased productivity, and increased operational efficiency. Legion delivers cutting-edge technology in an easy-to-use platform and mobile app that employees love. Backed by Riverwood Capital, Norwest Venture Partners, Stripes, First Round Capital, XYZ Ventures, Webb Investment Network, Workday Ventures, and NTT DOCOMO Ventures, Legion is recognized as one of the fastest-growing private companies in America according to the Inc. 5000 rankings for three consecutive years. For more information, visit https://legion.co and follow us on LinkedIn.
About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity and venture capital industries. SVB operates in centers of innovation throughout
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Media Contact:
Kayleigh Jones
SourceCode Communications
legion@sourcecodecomms.com
Source: Legion Technologies
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