Engazify

Engazify is a B2B SaaS startup founded in 2015 that aims to revolutionize the traditional performance management process within organizations. The company addresses the issue of outdated annual performance reviews and inefficient feedback systems. With its performance management bot, Engazify offers a real-time and comprehensive solution that uses artificial intelligence and machine learning to provide actionable insights and trends. The problem statement presented by Engazify highlights the inadequacy of current performance measurement and feedback systems, emphasizing the need for continuous and contextual feedback. The startup has positioned itself as a disruptor in an industry where both large and small enterprises are seeking more agile and effective performance evaluation methods. Engazify's innovative solution integrates seamlessly with popular communication and collaboration platforms such as Slack, Microsoft, Atlassian, and Google, providing a user-friendly experience for organizations. Employees receive timely and contextual feedback not only from their managers but also from their peers, enabling a more holistic performance assessment. On the backend, the AI engine of Engazify automatically captures and tracks performance metrics and inter-employee relationship scores in real-time, offering managers a deeper understanding of employee engagement within the team. The startup has demonstrated early success, with over 200K employees across 400+ enterprise teams in 15+ countries adopting Engazify within less than a year of its launch. This rapid adoption showcases the demand for a more modern and efficient performance management solution in the market. Engazify's Seed Round investment at 24 January 2017 led by Vaibhav Domkundwar marks a significant milestone for the company, providing the necessary financial support to further develop and scale its innovative platform. As the startup continues to grow and refine its offering, it represents an intriguing opportunity for venture capital firms looking to invest in the B2B SaaS sector.