SilkRoad technology, a startup that delivers software-as-a-service to help companies manage their employees, has closed a $54 million road of equity capital. The funding is led by new investor Foundation Capital, with participation from existing backers Azure Capital Partners, SilkRoad Equity and several individual investors.
The Winston-Salem, NC-based startup has more than 700 customers for a suite of products that includes recruitment software OpenHire, employee performance management tool Wingspan and Eprise, which provides employee intranets and content management.