SilkRoad Secures $35 Million in Funding

May 15, 2012 – SilkRoad, a provider of cloud-based talent management solutions, has completed a $35 million series C financing round. New investors include Keating Capital and NTT Finance. Existing investors including Intel Capital, Crosslink Capital, Foundation Capital, Azure Capital and Tenaya Capital, amongst others, invested in the oversubscribed round. This new funding will support worldwide expansion and product innovation in preparation for a potential 2012-2013 initial public offering. “The HCM space is ripe with opportunity, which we witnessed in 2011 when our bookings increased by 50 percent,” said Flip Filipowski, CEO and founder, SilkRoad. “We also see tremendous opportunity in the SMB market, which has been largely underserved by talent management providers. This financing will allow us to enhance our cloud-based social talent management solutions so that companies of all sizes can cultivate their most prized asset — their talent.”

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