Sora

Sora is a technology company based in the US that specializes in providing innovative solutions for human resources and payroll management, aimed at enhancing operational efficiency for businesses of all sizes. Founded in 2018 in San Francisco, US, Sora is a human resources technology firm that focuses on streamlining HR processes. The company was co-founded by Kylie Burton, Mari Jasmine, and Romina Celle. On August 3, 2023, Sora secured a Series A funding round of USD 17.

120 mn from investors including Andreessen Horowitz, Silicon Valley Venture Studio, LLC, and Two Sigma Ventures, bringing its total amount raised to USD 17. 120 mn and its current valuation to USD 83. 940 mn. The company has engaged in a total of 4 deals since its inception.

Sora offers a suite of human resources and payroll solutions designed to help businesses manage their workforce effectively. Their core services include payroll processing, employee onboarding, talent acquisition, and compliance management, catering to a diverse clientele across various sectors such as retail, healthcare, and professional services. Sora’s technology enables companies to streamline HR operations and enhance employee management capabilities, supporting clients across North America, Europe, and Asia-Pacific. Sora generates revenue through a B2B subscription model, allowing businesses to access its services on a recurring basis.

Clients engage with Sora for tailored HR solutions that scale with their operational needs. This includes comprehensive payroll services charged based on employee headcount and customizable HR features, fostering long-term partnerships with clients globally. Following its acquisition by Automatic Data Processing, Inc. in August 2023, Sora aims to leverage ADP's resources to enhance its product offerings and expand into new markets.

The acquisition is expected to bolster Sora's market position and support its strategies for growth. Specific plans for future product development and geographic expansion have yet to be detailed.