- AI-powered platform company PredictiveHR announced that it raised $1 million in financing from angel investors.
PredictiveHR is an AI-powered platform that helps people aggregate and normalize data across disparate systems for creating rich visualizations and predictive people analytics. Recently, PredictiveHR announced it raised $1 million in financing from angel investors.
And PredictiveHR (PHR) solves the HR reporting problem by connecting disparate and unstructured employee data stored across numerous systems into one platform. PHR’s AI platform is known for normalizing all employee data that is unstructured and stored across numerous human resource systems into one data set resulting in meaningful reports and true “predictive” people analytics. This round of funding will be used for advancing the company’s patent-pending AI technology along with hiring and sales and marketing initiatives.
“PredictiveHR has a SaaS offering that represents a significant evolution in the HR technology available to today’s practitioners,” said Lee W. McNutt — the co-founder of the Silicon Valley Growth Syndicate. “We see this as an underserved market where HR executives do not currently have the right tools to properly utilize the data available to them. As an early investor, I have watched PHR’s platform create an increase in their customer’s employee productivity, improve the management of talent and ultimately, help them reach their business goals.”
The company’s suite of products enable organizations to easily and effectively harness the power of their company’s data. And PHR’s solutions combine predictive technology and third-party data to provide valuable insights into retention, performance, engagement, productivity, and the health of the company’s workforce.
PredictiveHR offers human resource executives an all-in-one people analytics platform, which currently includes PHR Executive Lens (customizable real-time dashboards that provide deep insights and rich visualizations into a company’s human capital), PHR Integrity (AI engine that powers Executive Lens to predict staffing levels, anticipate attrition, skills required, employee performance, people engagement to financial impacts by connecting people analytics to business outcomes), and PHR System Implementation & Optimization Services (HR system design, implementation, integration, and maintenance of any HR system).
“The PHR team is excited about the opportunities in the market and the ability to expand and continue to invest in our proprietary AI technology and our sales and marketing efforts,” added PredictiveHR founder and CEO Jamie Troiano, CIR. “We are thrilled about the support and confidence we have received from our investors and look forward to continuing to advance the human resource industry through our technology offerings.”
PHR is SOC II certified and GDPR compliant. And the company’s current clients include Acquia, LogMeIn, Service King, and SharkNinja.
