# SilkRoad Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/silkroad-technology

- Industry: Software
- Headquarters: Chicago, US
- Website: www.silkroadtechnology.com
- Total disclosed funding: $152M
- Latest round: Series E (Jul 8, 2014)
- Investors on record: 10

## About

Based in the US, SilkRoad Technology, Inc. provides comprehensive AI-driven human resources solutions that optimize the talent lifecycle, enhancing processes from recruitment to employee development.SilkRoad Technology, Inc. specializes in human capital management solutions. Founded in 2003 and headquartered in Chicago, US, the company has undergone strategic pivots to enhance its offerings. The CEO is Shawn Murnan, and the founder is Fahad Alkhaitan. In July 2014, SilkRoad raised USD 14.00 mn in Series E funding led by Foundation Capital, with investments from Azure Capital Partners, Intel Capital, Tenaya Capital, and Two Sigma Ventures. The total amount raised by the company is USD 14.00 mn, with eight distinct deals recorded.SilkRoad Technology offers an integrated suite of AI-powered human resources solutions designed to streamline the talent lifecycle from recruitment to employee development. Its core products include Rival Recruit, which facilitates efficient sourcing and hiring through a database of over 750 million candidate profiles and AI-driven recommendations; Rival Workflow, integrating data and processes to manage onboarding, offboarding, and overall employee experience; Rival Learn, aligning employee learning with organizational goals; and Rival Perform, enhancing performance management through real-time feedback and talent development. These solutions cater to businesses focused on improving talent acquisition strategies, optimizing employee engagement, and ensuring compliance across various HR functions, serving clients in healthcare, retail, and technology sectors across North America, Europe, and Asia-Pacific.SilkRoad generates revenue through a subscription-based model, where clients pay for access to its suite of HR solutions, used either as standalone products or as an integrated system. Transactions typically involve annual licensing agreements or tiered pricing plans based on user numbers or selected features, allowing businesses to customize their subscriptions according to specific HR needs. The flagship product, Rival Recruit, is designed to enhance recruitment efficiency, while Rival Workflow and Rival Perform support ongoing employee management and development. Pricing structures are determined by service scope, client requirements, and employee coverage under the subscription, ensuring personalized services aligned with operational scale and HR objectives.SilkRoad Technology is focused on expanding its offerings and market reach. The company is developing new cloud-based products aimed at the human capital management market, leveraging recent funding to support these initiatives. Following the Series E funding round in July 2014, which raised USD 14.00 mn, SilkRoad aims to enhance its product suite and expand into new geographic regions, although specific markets and timelines have not been disclosed.

## Funding rounds

- Series E, Jul 8, 2014, $14M — Foundation Capital, Intel Capital, Azure Capital Partners, Two Sigma Investments, Tenaya Capital
- Series D, Aug 12, 2013, $16M — Foundation Capital, Intel Capital, Crosslink Capital, Azure Capital Partners, Crossroads Liquidating Trust, WestSummit Capital
- Series C, May 14, 2012, $35M — Foundation Capital, Intel Capital, Crosslink Capital, Azure Capital Partners, Crossroads Liquidating Trust, Tenaya Capital, NTT Finance
- Series C, May 16, 2008, $54M — Foundation Capital, Azure Capital Partners, SilkRoad Equity, WestSummit Capital
- Series B, Feb 19, 2008, $10M — Azure Capital Partners, SilkRoad Equity, WestSummit Capital
- Series A, Jun 1, 2003, $23M — SilkRoad Equity

## Investors

- SilkRoad Equity (https://capitalatlas.ai/funds/silkroad-equity) — Series A, Series B, Series C
- Azure Capital Partners (https://capitalatlas.ai/funds/azure-capital-partners) — Series B, Series C, Series D, Series E
- WestSummit Capital (https://capitalatlas.ai/funds/westsummit-capital) — Series B, Series C, Series D
- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Series C, Series D, Series E
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series C, Series D, Series E
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Series C, Series D
- Crossroads Liquidating Trust (https://capitalatlas.ai/funds/crossroads-liquidating-trust) — Series C, Series D
- Tenaya Capital (https://capitalatlas.ai/funds/tenaya-capital) — Series C, Series E
- NTT Finance — Series C
- Two Sigma Investments (https://capitalatlas.ai/funds/two-sigma-investments) — Series E