GE Ventures and Cisco Investments have contributed to an $11m round for a developer of software that helps companies intelligently recruit and manage talent.
US-based human resources (HR) software developer Ascendify closed an $11m series A backed by subsidiaries of power and industrial conglomerate General Electric and networking hardware manufacturer Cisco on Monday.
GE Ventures and Cisco Investments invested alongside venture capital firm Canaan Partners, which led the round.
VC firm Blossom Street Ventures paid $200,000 to acquire shares in Ascendify in May 2017 as part of a secondary purchase that likely formed part of the round. Law firm Wilson Sonsini Goodrich & Rosati…
