PredictiveHR acquires $1M towards HR workforce analytics

PredictiveHR, the SaaS platform company that enables people analytics by utilizing machine learning to predict talent trends and their financial impacts, has recently announced it has raised $1 million in financing from angel investors. PredictiveHR (PHR) solves the HR reporting problem by connecting disparate, unstructured employee data stored across numerous systems into one platform.

PHR’s AI platform normalizes all employee data that is unstructured and stored across numerous human resource systems in to one data set resulting in meaningful reports and true “predictive” people analytics. The financing will be used to advance the company’s patent pending AI technology, along with hiring and sales and marketing initiatives.

“PredictiveHR has a SaaS offering that represents a significant evolution in the HR technology available to today’s practitioners,” said Lee McNutt, Co-founder, Silicon Valley Growth Syndicate. “We see this as an underserved market where HR executives do not currently have the right tools to properly utilize the data available to them. As an early investor, I have watched PHR’s platform create an increase in their customer’s employee productivity, improve the management of talent and ultimately, help them reach their business goals."

PHR’s suite of products enable organizations to easily and effectively harness the power of their company’s data. PHR’s solutions combine predictive technology and third-party data to provide valuable insights into retention, performance, engagement, productivity and the health of the company’s workforce.

“The PHR team is excited about the opportunities in the market and the ability to expand and continue to invest in our proprietary AI technology and our sales and marketing efforts,” said Jamie Troiano, Founder and CEO, PredictiveHR. “We are thrilled about the support and confidence we have received from our investors and look forward to continuing to advance the human resource industry through our technology offerings.”

PredictiveHR offers human resource executives an all-in-one people analytics platform, which currently includes:

• PHR Executive Lens: Customizable real-time dashboards that provide deep insights and rich visualizations into a company’s human capital.
• PHR Integrity: The AI engine that powers Executive Lens to predict staffing levels, anticipate attrition, skills required, employee performance, people engagement to financial impacts by connecting people analytics to business outcomes.
• PHR System Implementation & Optimization Services: Human Resource system design, implementation, integration and maintenance of any HR system. Follow on support services include process optimization, change management, training and documentation.

PHR is SOC II certified and GDPR compliant. Current clients utilizing the PHR platform include Acquia, LogMeIn, Service King and SharkNinja, to help manage their reporting and business growth.

SOURCE PredictiveHR

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