hrtechoutlook

Honcho Raises $4 Million in Series A Round of Financing from FINTOP Capital

By HR Tech Outlook | Friday, September 04, 2020

Anish Parikh, CEO

Honcho's software sits on each desktop, alerting users as they are typing if a word choice can be misinterpreted or risky, enabling users to correct messages before ever leaving their inbox.

FREMONT, CA: Honcho, a game-changing governance software for businesses, declared the closing of a $4 million Series A financing. Led by FINTOP Capital, the round saw active participation from top-tier investors and entrepreneurs, including Peter Thiel, co-founder of PayPal, Palantir Technologies, and Founders Fund.

Honcho's software is present on each desktop, alerting users as they are typing if a word choice can be misinterpreted or risky, enabling users to correct messages before ever leaving their inbox. Honcho's dashboard tracks and scores each alert for management, considering the full context of the communication occurring before and after the alert- a win-win that keeps employees out of the companies and crosshairs out of the headlines.

"We promote safe workplaces for employees while preserving balance sheets and careers by preventing damaging communications from ever happening," stated Anish Parikh, CEO and founder of Honcho. "I built Honcho for large enterprise companies to easily remain compliant, ensuring companies and employees don't incur unnecessary damage to careers or reputations as the result of an errant communication taken out of context. This round of funding will allow us to attract top talent to our business, invest heavily in our product roadmap and demonstrate how we're here to help the world's greatest enterprises."

"Honcho's software has a proven use case with some of the world's largest companies," commented Rick Kushel, General Partner at FINTOP Capital. "This is the technology of today and it's what corporations need in order to operate in the current climate while demonstrating best efforts and assuring a culture of compliance. We are excited to partner with Anish and his team in building a world class company."

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