Retrain.ai raises $13M to help workers reskill and upskill for better jobs
Retrain.ai announces the close of a $9M Series A led by international fund Square Peg, following their $4M Seed Round in September 2020, led by Hetz Ventures, with TechAviv and .406 Ventures participating.
Alongside the funding, the company announces a notable first deal with the Israeli Department of Labor which will be using retrain.ai to help flatten the national unemployment curve.
retrain.ai, at the forefront of HRTech innovation, is built to address the unprecedented shifts in the global workforce.
Data suggests that one third of current occupations will be displaced in a decade, mainly due to automation; occupations and skill requirements are changing faster than ever, the skills gap is widening, and organizations and people are scrambling to keep up. retrain.ai’s Talent Intelligence Platform enables both employers and employees navigate change, through the entire talent life cycle, from hiring
Kaltura founder Shay David’s talent intelligence platform retrain.ai announced on Thursday that it has completed a $9 million series A funding round led by Square Peg. The new round comes just four months after the company’s initial $4 million seed round, which was led by Hetz Ventures, with participation from TechAviv and .406 Ventures.
The company developed its artificial intelligence-based platform to help HR departments upskill, retrain, and place professionals in new roles. Its platform maps an organization’s skills inventory while analyzing current skill-shifts cycles, quantifies talent gaps, and recommends internal mobility and transition plans and personalized training pathways to bridge the skills gap.
Israel’s retrain.ai, which uses AI and Machine Learning to read job boards at scale and to gain insight into where the job market is going, has closed $9M Series A led by Square Peg. Since retrain.ai’s $4M seed round last year was unannounced (led by Hetz Ventures, with TechAviv and .406 Ventures participating) that means it’s […]
/PRNewswire/ retrain.ai, the Talent Intelligence Platform that uses AI and Machine Learning to redefine the future of work by helping organizations upskill,.