China-based Beisen announced a USD $260 million Series F round of venture capital for its low code core HR and talent management platform. Claiming to be China’s largest HR SaaS and talent management platform, this brings its total raised to $388 million.
It is reported that this round of financing will be mainly used for integrated HR SaaS product innovation, customer success system improvement, and organization and talent building. Ji Weiguo, co-founder and CEO of Beisen, said that the history of human resource software being separated from each other will surely become the past. In the next ten years, HR SaaS will adopt “integration and low code” as the trend, and Beisen will continue to focus on this city wall and enhance product innovation. And customer service capabilities, empowering the digital transformation of human resources in China.from Beisen’s announcement
Focusing on low code no code (LCNC) is a good bet for work technology globally. The market is ripe for new low-code/no-code (LCNC) solutions emerging in work tech. The model is emerging in stand-alone B2B LCNC platforms like AirTable or BRYTER, HR-specific LCNC solutions like Sora, experience platforms like ServiceNow, digital adoption platforms like WalkMe, HR suites like Oracle’s Low-Code Journeys for HR, and even in targeted applications like Meet&Engage or Sapling.
$2.7 billion was invested globally in work tech during 2021 Q1 alone. Get WorkTech’s free report and analysis here.