Legion Secures $50M to Revolutionize Workforce Management with AI Solutions

Legion Technologies, a leading innovator in workforce management (WFM), has secured $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. This latest round of funding brings Legion’s total capital to $195 million, following a $50 million growth round led by Riverwood Capital earlier this year. The investment highlights Legion’s commitment to revolutionizing hourly work and workforce management through AI-driven solutions.

Key Highlights of the Announcement

• Mission-Driven Growth
  • Sanish Mondkar, founder and CEO of Legion Technologies, emphasized the company’s mission to improve hourly jobs.
  • Legion’s innovative, employee-centric platform demonstrates the need for intelligent workforce management.
• Achievements in Fiscal Year
  • Strong revenue growth.
  • Expansion into new regional markets.
  • Enhancement of the Legion platform with 70 new product features.
• Notable Product Features Launched
  1. Employee Productivity-Based Scheduling
     • Automatically schedules the most productive employees during peak times.
  2. Time and Attendance Workbench
     • A generative AI tool that simplifies payroll processing and improves usability.
  3. Enhanced Shift Offers
     • Quick and easy access for hourly employees to find open shifts matching their preferences and availability.
  4. Enhanced Schedule Score
     • Helps organizations align schedules with key objectives such as compliance, budgeting, and employee skills.
  5. Increased Extensibility
     • Enables tailored metrics for a personalized and insightful user experience.
• Market Trends and Future Vision
  • Growing demand for AI-native WFM solutions.
  • Emphasis on improving labor operations and the hourly employee experience.
  • Marisa Phan, Managing Director at SVB, praised Legion’s ability to transform the hourly work landscape through intelligent automation.

With its recent $50 million financing, Legion Technologies continues to lead the charge in redefining workforce management. By combining innovative AI-driven features with a strong employee-centric approach, Legion is setting a new benchmark for the future of hourly work.