Workera Closes $23.5 Million Series B

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">PALO ALTO <&sol;span><&sol;span><&sol;strong>&&num;8212&semi; <u>Workera<&sol;u>&comma; an operator of a skills intelligence platform&comma; has closed a <span class&equals;"xn-money">&dollar;23&period;5 million<&sol;span> Series B financing led by Jump Capital with participation from existing investors NEA&comma; Owl Ventures&comma; AI Fund&comma; and new investor Sozo Ventures&period;<&sol;p>&NewLine;<p>Workera enables companies to better understand and develop their talent&period; By providing a deep understanding of an organization&&num;8217&semi;s skills&comma; Workera&&num;8217&semi;s skills intelligence platform empowers leaders to make better&comma; more informed talent development decisions&period; Utilizing computational psychometrics and deep learning&comma; Workera delivers best-in-class computer adaptive assessments with hyper-personalized learning plans to companies across all industries&period; Global organizations&comma; including Samsung&comma; Siemens Energy&comma; and the US Air Force&comma; use the platform to intelligently invest in and support their talent&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Technology is advancing faster than ever&period; New tools&comma; like ChatGPT&comma; shake up industries every year&period; But skills aren&&num;8217&semi;t keeping up&period; Companies capable of upskilling talent at market speed will reinvent themselves and build the future&period; Others will risk being disrupted&comma;&&num;8221&semi; said Kian Katanforoosh&comma; CEO of Workera&period; &&num;8220&semi;Companies often overlook a key component of increasing the speed at which they develop skills&colon; understanding the depth of skill sets within their talent pool&period; Machine learning isn&&num;8217&semi;t one skill&semi; it&&num;8217&semi;s actually tested as 102 distinct skills today on Workera&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Belcorp&comma; a multinational beauty company going through a digital transformation&comma; has accelerated skills development by an estimated 30&percnt; for their data engineers and 57&percnt; for their software engineers in 9 months&period; <span class&equals;"xn-person">Venkat Gopalan<&sol;span>&comma; Chief Technology&comma; Data &amp&semi; Digital Officer of Belcorp&comma; notes that Workera played a key role in accelerating their ability to innovate by improving project quality and boosting their team&&num;8217&semi;s confidence in delivering critical projects&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The first step in workforce transformation is grasping what skills you have&period; Unlike most inference-based solutions derived from degrees or work experiences&comma; Workera provides a high-fidelity signal and a powerful engine to target and accelerate learning and steer talent acquisition&period; We believe Workera will be the breakout winner in this emerging space&comma; and we are truly excited to partner with Kian and his dynamic team&comma;&&num;8221&semi; commented <span class&equals;"xn-person">Mike McMahon<&sol;span>&comma; co-founder and managing partner of Jump Capital&period;<&sol;p>&NewLine;<p>With this latest capital infusion&comma; Workera will increase its comprehensive ontology of over 7&comma;000 skills to include soft skills assessments&comma; such as leadership and management&period; Already&comma; Workera is rolling out a major update to its customers&comma; which allows businesses to create skills-based career pathways in a few clicks&comma; helping their employees upskill faster than ever&period; The pathways are adaptive and goal-oriented&comma; providing learners with a highly personalized and motivating experience&period; Lastly&comma; a richer skill assessment experience with more frequent check-ins will provide leaders with even better ongoing measurement of their workforce&&num;8217&semi;s skills&period;<&sol;p>&NewLine;<p>&&num;8220&semi;Using deep learning and language models&comma; Workera&&num;8217&semi;s technology makes getting accurate and granular data on people&&num;8217&semi;s skills an efficient process&period; Assessments help you learn what are your strengths and weaknesses&comma; thereby providing deep skills intelligence that leads to actionable insights for both individuals and organizations&comma;&&num;8221&semi; said <span class&equals;"xn-person">Andrew Ng<&sol;span>&comma; chairman of the board for Workera&period;<&sol;p>&NewLine;

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