Boston-based talent optimization company The Predictive Index (PI) has raised $50 million in growth-stage capital from General Catalyst. With this funding round, The Predictive Index will accelerate growth, launch a new talent optimization category, and build the world’s first global talent optimization network.
The Predictive Index will also launch a strategic maturity model and detailed playbook on how to successfully hire and inspire winning teams. Plus it will launch the world’s first talent optimization industry conference and accelerate and evolve the product roadmap.
Photo: The Predictive Index
“Before purchasing PI in 2014, my business partner Daniel Muzquiz and I were former PI clients, doing talent optimization intuitively for over a decade now,” said The Predictive Index CEO Mike Zani. “We’ve invested tens of millions of dollars back into the business to evolve The Predictive Index into a talent optimization platform. We’re excited to accelerate growth, fuel our mission of ‘Better Work, Better World,’ and continue the evolution with General Catalyst.”
The Predictive Index provides business leaders with access to the people science, data, and strategy they need for making objective hiring decisions and reach strategic business goals. Currently, The Predictive Index has more than 7,000 customers including 47 Brand, Blue Cross Blue Shield, Citizens Bank, DocuSign, Nissan, Omni Hotels, and Subway.
“This year, low unemployment and high turnover will further magnify the importance of talent,” added General Catalyst Executive in Residence and new PI board member Kirk Arnold. “Having a talent strategy which aligns and supports business strategy is a requirement for any business to be successful. We are impressed by the depth and breadth of The Predictive Index platform and are excited to be working with a team that has such a compelling vision.”
Over the past four years, The Predictive Index heavily invested profits back into the business and acquired 5,500 new clients. The company also grew the PI Certified Partner Network by 200% and increased net billings growth rate by to 40%. Plus the company also developed a new market category called talent optimization.
“The Predictive Index protects the manager from making a bad hiring decision and has given me a quantifiable and sustainable approach to predict sales performance,” commented Nissan senior manager Joan Jones.
This year, The Predictive Index is going to be focused on educating leaders on how to use its talent optimization software and data insights to improve their odds of building successful teams.