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 funzionalit脿 di prodotto, tra cui la Programmazione Basata sulla Produttivit脿 dei Dipendenti e il Workbench per Tempo e Presenze alimentato da IA generativa.
L'azienda 猫 cresciuta del 374% negli ultimi tre anni e ha lanciato funzionalit脿 innovative come Offerte di Turno Migliorate, Punteggio di Programmazione Migliorato e Maggiore Estensibilit脿. 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 d贸lares en financiamiento de Silicon Valley Bank, completando una recaudaci贸n de 100 millones de d贸lares en 2024 y llevando el total de financiamiento a 195 millones de d贸lares. La compa帽铆a, que se especializa en gesti贸n de fuerza laboral impulsada por IA, report贸 un fuerte crecimiento en ingresos e introdujo 70 nuevas caracter铆sticas de producto, incluyendo Programaci贸n 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 煤ltimos tres a帽os y lanz贸 innovadoras caracter铆sticas como Ofertas de Turno Mejoradas, Puntuaci贸n de Programaci贸n Mejorada y Mayor Extensibilidad. Legion tambi茅n desarroll贸 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.
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Legion Technologies a s茅curis茅 50 millions de dollars de financement aupr猫s de la Silicon Valley Bank, compl茅tant une lev茅e de fonds de 100 millions de dollars en 2024 et portant le financement total 脿 195 millions de dollars. L'entreprise, sp茅cialis茅e dans la gestion de la main-d'艙uvre aliment茅e par l'IA, a signal茅 une forte croissance des revenus et a introduit 70 nouvelles fonctionnalit茅s de produit, y compris la planification bas茅e sur la productivit茅 des employ茅s et un atelier sur le temps et la pr茅sence aliment茅 par l'IA g茅n茅rative.
L'entreprise a connu une croissance de 374 % au cours des trois derni猫res ann茅es et a lanc茅 des fonctionnalit茅s innovantes telles que des offres de quarts am茅lior茅es, un score de planification am茅lior茅 et une extensibilit茅 accrue. Legion a 茅galement d茅velopp茅 des assistants IA g茅n茅ratifs pour aider 脿 analyser les horaires, les feuilles de temps et 脿 personnaliser les exp茅riences d'application, dans le but de r茅duire les t芒ches 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-gest眉tztes Workforce-Management spezialisiert ist, berichtete von einem starken Umsatzwachstum und f眉hrte 70 neue Produktfunktionen ein, darunter Mitarbeiterproduktivit盲tsbasierte 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 Erh枚hte Erweiterbarkeit eingef眉hrt. Legion entwickelte auch generative KI-Assistenten, um bei der Analyse von Zeitpl盲nen, Stundenzetteln zu helfen und App-Erlebnisse zu personalisieren, mit dem Ziel, administrative Aufgaben f眉r 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
鈥淔rom the beginning, Legion has been on a mission to improve hourly jobs and the capital we鈥檝e received from investors this year demonstrates the enduring value of that mission,鈥� said Sanish Mondkar, founder and CEO of Legion Technologies. 鈥淥ur tremendous growth stems from the accelerating need for effective workforce management solutions, and this latest financing from SVB further proves that Legion鈥檚 intelligently automated, employee-centric platform is the best choice for today鈥檚 hourly employees.鈥�
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.
鈥淭here is increased demand for AI-native workforce management solutions that can improve both labor operations and the employee experience,鈥� said Marisa Phan, Managing Director at Silicon Valley Bank. 鈥淟egion 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.鈥�
Legion also furthered the development of its innovative Generative AI assistants 鈥� 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 feel they don鈥檛 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 .
About Legion Technologies
Legion Technologies delivers the industry鈥檚 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鈥檚 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 and follow us on .
About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world鈥檚 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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