ProFinda raises £4.8m
Following its latest investment round, AI-powered “expertise finding” platform ProFinda has now raised a total of £4.8m from a number of investors, including VCs Notion Capital and Nextlaw Ventures, and some highly strategic Business Angels.
The latest investment will help ProFinda to 'change the way' that organisations discover and tap into internal expertise and knowledge.
Roger Gorman, CEO of ProFinda, said: “Our work is helping to disrupt the future of work landscape. ProFinda’s latest investment puts us in a powerful position to continue to deliver our fast-paced and ambitious roadmap.
"With the new investment, we will strengthen our proposition, refine our technology and ensure we continue to build out our impressive and experienced team."
ProFinda’s AI-powered engine helps to address a key issue in many companies - the fact that they are brimming with amazing knowledge that is wasted because firms cannot identify the skills that exist within their workforce. This hurts utilisation, performance and culture.
It does this by building a dynamic map of all the skills, knowledge, connections and expertise available across a company. Machine learning helps to match the people with the right expertise to others who require their assistance.
ProFinda then uses the data to give firms an accurate birds-eye view of all the knowledge contained across their entire talent pool - including employees, alumni, freelancers and other contractors.
With the rise of remote and flexible working, and as businesses wrestle with ongoing poor global productivity figures and low employee engagement, ProFinda is uniquely positioned to help companies reinvent the way they embrace, empower and understand their workforce.
Published: 03 January 2018