Visier raises $125M at a $1B valuation for its big-data approach to HR analytics and planning

Visier raises $125M at a $1B valuation for its big-data approach to HR analytics and planning

3 years ago
Anonymous $drS9DEX_Sj

https://techcrunch.com/2021/06/29/visier-raises-125m-at-a-1b-valuation-for-its-big-data-approach-to-hr-analytics-and-planning/

The world of work has changed massively in the last year, and with it a rush of startups have emerged with new technology and approaches to improve how it is shaped, and specifically how human resources departments do their jobs. In the latest chapter, Visier, a Canadian startup that has built a big-data engine to ingest and analyze information from disparate human resources and related applications to develop more accurate profiles of people and departments — useful when considering remuneration, promotions, and wider hiring budgets — has raised $125 million (USD), a Series E that the company confirms now values it at $1 billion.

The funding comes on the heels of the company seeing massive growth in particular in the last year, with companies scrambling more than ever before, in a new world of more hybrid and remote work, to get a better grip on how and what teams and individuals are doing. Visier said it now processes employee records for 8,000 customers, large and high-profile enterprises like Adobe, BASF, Bridgestone, Electronic Arts, McKesson, Merck KGaA and Uber that collectively represent some 12 million individual users across 75 countries.