# Utmost Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/utmost-software

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.utmost.co
- Total disclosed funding: $26M
- Latest round: Series B (Apr 9, 2021)
- Investors on record: 5

## About

Utmost Software, Inc. provides innovative solutions to enhance employee benefits and streamline workforce management, focusing on comprehensive benefits administration integrated with HR systems for efficient employee engagement.Utmost Software, Inc. was founded in 2018 and is headquartered in San Francisco, US. The company specializes in workforce management solutions and has successfully completed three deals, with the most recent deal occurring on October 19, 2022. In this transaction, Beeline.com, Inc. acquired Utmost Software from multiple investors, including Greylock Partners and Mosaic Ventures. Dan Beck and Paddy Benson are the founders, while Annrai O'Toole serves as CEO. The latest funding round was Series B, where the company raised USD 15.00 mn, bringing the total amount raised to USD 15.00 mn and the current company valuation to USD 72.45 mn.Utmost specializes in delivering innovative solutions designed to enhance employee benefits and streamline workforce management. Their core offerings include a comprehensive benefits administration platform that integrates with various HR systems, providing seamless access to a wide range of employee benefits options. This platform serves multiple use cases, including automating enrollment processes, managing compliance requirements, and facilitating employee engagement through easy access to benefits information. Utmost targets a diverse clientele, including mid-sized to large enterprises across various industries, with a focus on the North American and European markets. Their services are tailored to meet the needs of HR departments and employees alike, ensuring that clients can effectively manage benefits while improving employee satisfaction.Utmost generates revenue primarily through subscription-based models, where clients pay for access to their benefits administration platform and associated services. The transaction structure typically involves long-term contracts with businesses that require ongoing support and updates to the platform. Clients may opt for tiered pricing plans that reflect different levels of service, including premium features for larger organizations or those with more complex needs. Revenue is also driven by partnerships and integrations with other HR technology providers, enhancing the value proposition for clients. Flagship offerings include their trademarked benefits administration solutions, which are designed to be scalable and customizable, catering to the unique demands of various sectors.Following the acquisition by Beeline.com, Inc., Utmost Software, Inc. plans to expand its workforce platform vision and enhance its talent intelligence solutions in the market. The company aims to launch new products and features designed to better meet the needs of its clients in the near future. With the recent funding from the Series B round, which raised USD 15.00 mn, Utmost is positioned to invest in developing innovative solutions and expanding into new markets, particularly targeting further growth in the European region by 2024. This strategic direction will support the company's goal of broadening its service offerings and enhancing its technology capabilities.

## Funding rounds

- Series B, Apr 9, 2021, $15M — Greylock Partners, Alumni Ventures Group, Mosaic Ventures, Workday Ventures, Acadian Ventures
- Series A, Oct 8, 2019, $11M — Greylock Partners, Workday Ventures

## Investors

- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series A, Series B
- Workday Ventures (https://capitalatlas.ai/funds/workday-ventures) — Series A, Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B
- Mosaic Ventures (https://capitalatlas.ai/funds/mosaic-ventures) — Series B
- Acadian Ventures (https://capitalatlas.ai/funds/acadian-ventures) — Series B