The Digital Enterprise Workplace

As COVID-19 forced people to stay at home in 2020, the year also forced enterprises to quickly adapt to fully remote workforces and shift to a digital workplace. This shift has led to immense growth in the digital workplace and tools to support remote working. 

Source: tirachardz

A digital workplace refers to various digital tools that enable employees to better perform at their job, especially in a digital setting, and can help with human resources, customer service, collaboration amongst different teams, and more. Although we continue to hear about zoom calls (or rather zoom fatigue), many startup enterprise tools have been able to carve out their niche markets in helping businesses work smarter. 

• ActivTrak is a cloud productivity monitoring software company founded in 2012 in Austin, Texas. The company had record growth in 2020, growing 140% YOY. It also raised a Series B funding that tripled its valuation last year. 
• Monday.com is a project and workflow management tool that helps 100,000 organizations to manage tasks and projects to encourage collaboration and teamwork. Headquartered in Tel Aviv, Israel, the company raised an undisclosed round of funding in 2020 and has been a member of the unicorn club since 2019 when it raised a Round D funding of $150MM co-led by Sapphire Ventures and Hamilton Lane Advisors. 
• Verbit.ai is a startup that provides an AI-assisted transcription and captioning service. As more and more meetings are being conducted virtually, Verbit’s integration to web conferencing and file-sharing platforms is becoming a hot service. The company raised two rounds of funding in 2020 to grow its valuation by four-fold. 
• Fuze is a cloud communication and collaboration software platform that combines voice, videoconferencing, text, instant message, content sharing, and collaboration apps under a single cloud service. Headquartered in Cambridge, Massachusetts, the company’s last Round F funding was raised in 2018 led by Summit Partners. 
• BambooHR is a human resources management software-as-a-service company headquartered in Lindon, Utah. The company helps ensure that hiring, onboarding, compensation, onboarding, and more HR processes run as smoothly as possible. 
• Lattice is an employee engagement platform that assists enterprises with performance management and helps improve employee satisfaction. The San Francisco-based company raised a Round D funding, led by second-time investor Tiger Global Management and doubled its valuation.