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Reading: Skills Intelligence Platform Workera Raises $23.5M in Series B Round
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Home > News > Skills Intelligence Platform Workera Raises $23.5M in Series B Round
News

Skills Intelligence Platform Workera Raises $23.5M in Series B Round

Shalini Pathak Published Mar 27, 2023
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Skills Intelligence Platform Workera Raises $235M in Series B Round
Skills Intelligence Platform Workera Raises $23.5M in Series B Round
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Workera, an industry-leading skills intelligence platform, announced that it has raised $23.5 million in its Series B round led by Jump Capital with participation from existing investors NEA, Owl Ventures, AI Fund, and new investor Sozo Ventures.

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With this latest capital infusion, the startup will increase its comprehensive ontology of over 7,000 skills, including soft skills assessments, such as leadership and management. Already, Workera is rolling out a significant update to its customers, which allows businesses to create skills-based career pathways in a few clicks, helping their employees upskill faster than ever. The adaptive and goal-oriented pathways provide learners with a highly personalized and motivating experience. Lastly, a richer skill assessment experience with frequent check-ins will give the leaders even better ongoing measurements of their workforce’s skills.

Founded by Kian Katanforoosh, Workera offers organizations with actionable skills data that drives innovation across talent strategies in hiring, upskilling, and mobility. Enterprises get an objective pulse on their workforce through its configurable skills ontology and AI-powered measurement at a granular level. Utilizing its computational psychometrics and learning, the platform delivers adaptive computer assessments with personalized learning plans to companies across all industries.

Sharing about the company, Co-founder & CEO of Workera, Kian Katanforoosh, said:

Technology is advancing faster than ever. New tools, like ChatGPT, shake up industries every year. But skills need to be kept up. Companies that upskill talent at market speed will reinvent themselves and build the future. Others will risk being disrupted. Companies often overlook a key component of increasing the speed at which they develop skills: understanding the depth of skill sets within their talent pool. Machine learning isn’t one skill; it’s actually tested as 102 distinct skills today on Workera.

The company aims to level the playing field by providing an accurate way to measure people’s skills and close identified gaps so it can work toward a more meritocratic society. Organizations, including Samsung, Siemens Energy, and the US Air Force, use the platform to invest in and support their talent intelligently.

Co-founder & Managing Partner of Jump Capital, Mike McMahon, added:

The first step in workforce transformation is grasping your skills. Unlike most inference-based solutions derived from degrees or work experiences, Workera provides a high-fidelity signal and a powerful engine to target and accelerate learning and steer talent acquisition. We believe Workera will be the breakout winner in this emerging space, and we are truly excited to partner with Kian and his dynamic team.

In 2021, Workera had raised $16 million as a part of its Series A funding round New Enterprise Associates, Owl Ventures and Al Fund with participation from Richard Socher, Pieter Abbeel, Lake Dai and Mehran Sahami.

TAGGED: Employee, Hiring, HRTech, Online Recruitment, Upskilling
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By Shalini Pathak
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Shalini Pathak is a Staff Writer at EdTechReview (ETR) - India's leading edtech media & community. She has over four years of experience in media, covering different beats. Like all writers she's an enthusiastic reader first with a passion to create out of the box content, and an ability to write about any topic. As a part of the ETR team, she will cover the latest in the edtech industry with a focus on edtech startup stories and their funding.
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