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HiBob secures $166M as annualized revenue exceeds $400M

Cloud-based HR platform HiBob has raised $166 million, with Salesforce contributing the majority of the capital. Farallon Capital, which led its prior round at a $2.7 billion valuation, also participated. The funding follows the company surpassing $400 million in annualized revenue.

Sources: siliconangle.com

“The round underscores enterprise SaaS’s resilience amid broader funding slowdowns, with Salesforce’s involvement signaling confidence in HR tech’s scaling potential.”
— StartupReader
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