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About Workstream
Industries
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series B
Total Funding
$118M
Headquarters
San Francisco, California
Founded
2017
Overview
Workstream.us is a platform that simplifies hiring and onboarding for businesses, particularly those with hourly workers. It offers HR solutions like applicant tracking, digital onboarding, payroll management, and employee engagement tools, all designed to attract and engage job applicants. By using artificial intelligence, Workstream automates HR tasks, allowing businesses to focus on their employees rather than manual processes. The company aims to streamline HR operations and improve workforce engagement through a subscription-based model.
Simplify's Take
What believers are saying
- Workstream raised $120M, indicating strong investor confidence and growth potential.
- The launch of a multilingual AI chatbot enhances accessibility for 80 million hourly workers.
- Partnerships with top quick-service brands like Burger King boost Workstream's market credibility.
What critics are saying
- Emerging HR tech startups with AI solutions could erode Workstream's market share.
- Economic downturns in the restaurant industry may reduce demand for Workstream's services.
- Data privacy concerns and regulatory changes could pose compliance challenges for Workstream.
What makes Workstream unique
- Workstream integrates AI to automate HR tasks for hourly workforce management.
- The platform offers a mobile-first approach, crucial for deskless and hourly workers.
- Workstream provides a comprehensive suite combining HR, payroll, and employee engagement tools.
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Funding
Total Funding
$118M
Above
Industry Average
Funded Over
2 Rounds
Coatue Management
Founders FundIndustry standards
Benefits
Medical, dental, & vision
Paid counseling sessions
Competitive market compensation
Generous stock
Flexible PTO
Paid parental leave
Professional development
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -1%2 year growth
↑ 0%Desmond Lim, co-founder and CEO of Workstream, a platform for the hourly workforce, raised $120 million. Lim's journey from humble beginnings in Singapore to Harvard graduate and entrepreneur highlights the importance of making the right choices over just hard work. His success is attributed to curiosity and learning from others. Workstream's first investor was Zoom's Eric Yuan, and its backers include Peter Thiel and Jay-Z. Lim emphasizes exploring passions as crucial to success.
Workstream welcomes restaurant industry leader Nadeem Bajwa as Strategic Advisor.
Workstream has launched an all-in-one payroll solution tailored specifically for businesses that employ hourly workers, such as QSR franchisees and restaurants.
Workstream launches HR platform for hourly workforce efficiency.
Workstream Launches HR Management Platform for the Hourly Workforce to Streamline Back-Office and Team Operations . Press Release. •
Workstream is Hiring for 15 Jobs on Simplify!
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About Workstream
Industries
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Series B
Total Funding
$118M
Headquarters
San Francisco, California
Founded
2017
Workstream is Hiring for 15 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to Workstream