Related Party Transactions |
9 Months Ended |
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Oct. 31, 2024 | |
| Related Party Transactions [Abstract] | |
| Related Party Transactions | Related Party Transactions
The Company engaged Lyearn Inc. (“Lyearn”), a learning management system company that is wholly owned by Ragy Thomas, our Founder, Chairman and Co-Chief Executive Officer as of October 31, 2024, in connection with the provision of digital training services to the Company’s employees and certain Sprinklr customers. The Company paid approximately $0.1 million and $0.2 million to Lyearn in connection with the digital training services provided to employees during the nine months ended October 31, 2024 and 2023, respectively. There were no payments in connection with the digital training services provided to employees during each of the three months ended October 31, 2024 and 2023. The Company paid approximately $0.1 million to Lyearn in connection with the digital training services provided to a customer during each of the nine months ended October 31, 2024 and 2023. There were no payments in connection with the digital training services provided to a customer during each of the three months ended October 31, 2024 and 2023.
The company recognized expenses of $0.1 million during each of the three months ended October 31, 2024 and 2023 related to the arrangements. The Company recognized expenses of $0.2 million during each of the nine months ended October 31, 2024 and 2023 related to the arrangements. As of October 31, 2024 and January 31, 2024, the Company had outstanding payables of $0.1 million and $0.2 million, respectively, related to the arrangements.
With regard to the development of certain human productivity features for the Company, the Company is leveraging its collaborative relationship with Lyearn to serve Company imperatives in the areas of employee assessment, goal-setting, and activity measurement against goals, and other employee feedback and assessment, to assist and accelerate the Company’s efforts to identify the optimal tools and processes that will be deployed long-term to meet these business imperatives. These collaborative services are provided to the Company by Lyearn at no cost. This related party transaction has been reviewed and approved by the audit committee of the Company’s board of directors.
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