Enterprise skilling platform Disprz raises funding from Silverneedle Ventures
The enterprise skilling platform Disprz, which has offices in Chennai and Mumbai and uses AI to power its learning and skilling programme, has received financing from early-stage startup fund Silverneedle Ventures.
Between the Series B and Series C rounds, the business raised an unknown amount from Silverneedle Ventures and other current investors. By stepping up staffing and marketing, it intends to use the money to grow the business in the US and UK markets. Disprz, a company founded in 2015, is utilising the power of artificial intelligence, cloud, and mobile to assist organisations in developing a consistent stream of fully enabled workers by enhancing job preparedness, enabling on-the-job skill development, and promoting career mobility.
It received $13 million in funding from Dallas Venture Capital (DVC), Mars Growth Capital, and other investors in a Series B round in 2021. Since 2016, Silverneedle Ventures (formerly Xseed Partners) has been one of Disprz's early backers. The firm will leverage this financing to expand into established countries with 280+ team members spread across India, the USA, the UK, ME, and SE Asia. Additionally, it seeks to grow the team in new markets where sales repeatability has already been shown.
"Upskilling has grown significantly as a result of the workplace's quick technological and procedural changes. Since the problem is genuine and widespread, consumers have a strong propensity to pay. The lifecycles of developed and emerging markets are different, with emerging markets having a number of segments that are just waiting to be discovered. Ajay Jain, the founder and managing partner of Silverneedle Ventures, stated that Disprz is aware of this and is already on track to succeed in these areas.
"We have significantly expanded in India, South East Asia, and the Middle East, and are now one of the top suppliers of learning, skilling, and enablement solutions for businesses in emerging Asia. Businesses in these areas are at varying stages of readiness for digital learning, and we have a solution for each, whether it's a sophisticated skills-based learning experience platform or a cloud-based learning management system, according to Disprz co-founder and CEO Subramanian Viswanathan. Subramanian Viswanathan and Kuljit Chadha created the business. It has assisted 275+ international organisations in redefining their digital skills to date, and it currently has over 2 million users across six continents.
Between the Series B and Series C rounds, the business raised an unknown amount from Silverneedle Ventures and other current investors. By stepping up staffing and marketing, it intends to use the money to grow the business in the US and UK markets. Disprz, a company founded in 2015, is utilising the power of artificial intelligence, cloud, and mobile to assist organisations in developing a consistent stream of fully enabled workers by enhancing job preparedness, enabling on-the-job skill development, and promoting career mobility.
It received $13 million in funding from Dallas Venture Capital (DVC), Mars Growth Capital, and other investors in a Series B round in 2021. Since 2016, Silverneedle Ventures (formerly Xseed Partners) has been one of Disprz's early backers. The firm will leverage this financing to expand into established countries with 280+ team members spread across India, the USA, the UK, ME, and SE Asia. Additionally, it seeks to grow the team in new markets where sales repeatability has already been shown.
"Upskilling has grown significantly as a result of the workplace's quick technological and procedural changes. Since the problem is genuine and widespread, consumers have a strong propensity to pay. The lifecycles of developed and emerging markets are different, with emerging markets having a number of segments that are just waiting to be discovered. Ajay Jain, the founder and managing partner of Silverneedle Ventures, stated that Disprz is aware of this and is already on track to succeed in these areas.
"We have significantly expanded in India, South East Asia, and the Middle East, and are now one of the top suppliers of learning, skilling, and enablement solutions for businesses in emerging Asia. Businesses in these areas are at varying stages of readiness for digital learning, and we have a solution for each, whether it's a sophisticated skills-based learning experience platform or a cloud-based learning management system, according to Disprz co-founder and CEO Subramanian Viswanathan. Subramanian Viswanathan and Kuljit Chadha created the business. It has assisted 275+ international organisations in redefining their digital skills to date, and it currently has over 2 million users across six continents.
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