San Francisco-based software company Skedulo announced Wednesday that it raised $75 million in a Series C round led by SoftBank’s Vision Fund II. Over the last three years, the productivity platform has seen its annual recurring revenue increase by 400 percent, according to the company.
Skedulo’s workforce management software was created to support companies that rely on a mobile workforce. The company’s cloud-based software allows enterprises to manage, engage with and analyze the work of their “deskless” employees.
The company’s tech is used to support deskless workers across a varying number of industries, from field service personnel to home-visit health workers. Due to the pandemic, the demand for this technology is higher than perhaps ever.
“Throughout 2020, Skedulo helped frontline and deskless workers do their jobs more efficiently and effectively so they could focus on their roles,” Matt Fairhurst, CEO of Skedulo, said in a statement. “This year proved the significant need for deskless scheduling and productivity technology worldwide, and we will leverage the latest funding to continue to push the limits of innovation.”
Skedulo’s platform acts as a centralized hub for scheduling jobs, and it works off of an employee’s real-time availability. The platform can also inform business leaders of their employees’ average distance traveled, cancellations, missed appointments and more.
Skedulo’s software includes integrations with Zoom and Microsoft Teams so that meetings can be held directly on the platform, along with a suite of messaging tools so that business leaders can directly communicate with their employees wherever they are on the job.
“The pandemic dramatically accelerated the adoption of digital services for workers across many industries, including those who don’t work in a traditional office setting,” Priya Saiprasad, partner at SoftBank Investment Advisers, said in a statement. “Powered by AI and machine learning, Skedulo’s cloud-based software helps enterprises increase productivity by enabling them to intelligently manage and support [their] workforces.”
Skedulo’s technology has most recently been deployed to support frontline workers in the race to schedule Covid-19 testing and vaccine appointments. The company’s tech was used to support vaccination rollout efforts in several U.S. states including California, Maine, Maryland, North Carolina and more.
Skedulo will use the additional funding to continue scaling its platform as it expands internationally. The productivity platform counts companies and nonprofits like Johnson & Johnson, DHL and The American Red Cross among its clients.
As the company continues to scale, it plans to continue growing its team. Skedulo is now hiring for dozens of open roles across its marketing, sales and customer experience departments, to name a few.
Skedulo has raised over $115 million in financing to date and has additional offices in Australia, Vietnam and the United Kingdom.
