NEW YORK, September, 2021
pymetrics, a leading talent matching platform, today announced it has secured a round of strategic investments from Workday Ventures, ETS Strategic Capital, Randstad Innovation Fund, and Gaingels, with participation from General Atlantic, JAZZ Venture Partners, and Khosla Ventures.
With this investment, pymetrics will scale product development to satisfy client demand for innovative talent matching solutions for hiring, internal mobility, and employee development. It will also fund future go-to-market strategies and accelerate partnership opportunities, helping it expand its leadership position and extend the reach of its innovative technology to new customers and markets.
“The pymetrics platform provides global enterprises with a single talent assessment and matching solution for the entire talent lifecycle, including hiring, retaining, and developing a diverse global workforce," said Frida Polli, CEO of pymetrics. "Our solutions are delivering tangible results for our customers, and they'll only grow in importance as more companies search for tools that identify best-fit talent in an unbiased and fair way at scale.”
pymetrics utilizes neuroscience and AI to assess candidates and employees across a range of cognitive, social, and emotional traits and algorithmically recommends the best-fit talent to companies. The company’s algorithms are proactively audited for demographic bias using transparent and validated detection and mitigation tools. Candidates are assessed based on their cognitive, social, and emotional traits rather than their resume, enabling the process to be free of gender, race, and socioeconomic bias. The platform also leverages its proprietary behavioral data and customer data to provide HR professionals with actionable insights supporting talent planning, reskilling, and employee development. pymetrics APIs allow its platform to be integrated directly into customers’ existing systems of record and a growing list of technology and services partners.
“pymetrics’ strong commitment to reducing bias and improving diversity in hiring is well-aligned with the mission of ETS in promoting equity and fairness,” said Ralph Taylor-Smith, managing director of ETS Strategic Capital. “The company has utilized its proprietary intellectual property to build a solid high-growth business with top Fortune 100 corporate customers and it is uniquely positioned to have a tremendous impact in the future of workforce development. We are pleased to be able to work alongside pymetrics with this investment as well as in developing a value-add strategic partnership with ETS.”
"Building an innovative and diverse workforce is vital to an organization’s success," said Mark Peek, managing director and head of Workday Ventures . "We're choosing to re-invest in pymetrics because we believe in its mission to promote skills development for employees and expand pathways for candidates in order to open up new talent pools.”
Lorenzo Thione, Managing Director of Gaingels, said, “As the largest investor network focused on supporting and investing in the best venture-backed companies that embrace and value diverse leadership, Gaingels is proud of participating in this financing and is resolved on helping the company grow and scale while strengthening its prospects of success by building a culture that reflects the diversity of its executive teams, staff and customers."
pymetrics is redefining hiring and talent management – using data-driven behavioral insights and audited AI to create a more efficient, effective, and unbiased hiring process across the talent lifecycle. Millions of job candidates around the world have played pymetrics' games and the technology is compliant in 100+ countries, 27 languages and across web, Android and iOS apps. pymetrics leverages soft skills-optimized AI technology to help enterprise companies build diverse teams of top performers.