HiBob raises $166 million in funding led by Salesforce

HR technology company HiBob has secured $166 million in a new funding round led by Salesforce, with participation from Farallon Capital Management. This investment brings the company’s total capital raised since its 2015 founding to over $700 million.

The new funding round places HiBob’s valuation at more than $3.2 billion, a significant increase from its $2.66 billion valuation in 2023. The company reports an annualized revenue exceeding $400 million and serves more than 5,500 customers across over 170 countries.

HiBob is positioning its platform as an organizational intelligence layer designed to support AI-powered workplaces. By providing AI systems with contextual data regarding employee skills, management structures, permissions, and compensation, the company aims to make enterprise AI more effective in executing complex workforce tasks.