Beamery, a leader in talent lifecycle management, announced it has closed a $50 million Series D funding round. With that funding, the company is now valued over $1 billion, reaching unicorn status.
Supporting business through the talent lifecycle
The company’s AI-powered talent platform gives companies, such as General Motors and Johnson & Johnson, the intelligence they need to make the right decisions about their workforce. It supports businesses through each stage of the talent lifecycle. From recruiting, to talent mobility and development all the way to upskilling.
Attracting global brands
In 2022, Beamery has seen a huge increase in Fortune 500 clients. Since the company’s Series C round in June 2021, Fortune 500 revenue has risen by over 250%. “Beamery’s rapid innovation is a key reason for this increased adoption”, the company’s press release states. “Notable was the launch of a “first of its kind” Universal Skills Platform to help companies understand the current and potential skills of its workforce, and extensive ethical-AI enhancements to help talent teams reduce bias and identify the right internal or external candidate for the right role.
Beamery’s efforts have resulted in employee tenure being increased by two and half times.
In subsequent months, the company has added global brands like BBC and Uber to its roster of enterprise clients. Moreover, it has helped companies make critical progress on key talent initiatives. Beamery’s efforts have resulted in employee tenure being increased by two and half times, as per the official release. Meanwhile, it has led to over 20% more diversity candidates that companies are able to hire and retain, and a 50% reduction in hiring and retention cost.
‘Planning for tomorrow’
With the new funding coming in, Beamery looks set to continue it’s hyper focus on building tech that enables clients to unlock the full potential of their global workforces. “Beamery’s ethical AI-powered talent platform gives companies the intelligence they need to plan for business needs and gaps, understand the skills and capabilities they have, and attract, retain, upskill and redeploy their workforce successfully”, said Abakar Saidov, CEO of Beamery. “With this new funding, we will continue to develop groundbreaking ways for companies to better understand their workforce today and be able to plan for tomorrow, so they can create truly agile organizations ready to withstand any market turbulence.”