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Crosschq Sweeps the Table and Named a Leader Overall in the G2 Reference Check Software Winter 2022 Report

Crosschq, pioneers of the Talent Intelligence Cloud powering a revolution in data-driven hiring and people analytics, announced it has been named a Leader in the G2 Reference Check Software Winter 2022 Report. Crosschq beat out all of its competitors in the Momentum category for Reference Check Software, the Relationship Reference Check Index and the Implementation Index. Additionally, Crosschq’s customers have ranked the company best for ease of use and quality of support.

“Crosschq provides bias-free, data-driven insights and predictive analytics to quantifiably improve Quality of Hire,” said Mike Fitzsimmons, CEO and Crosschq. “This is the second year in a row where we’ve led in the reference check category. These latest G2 scores validate our mission to help the world build diverse, winning teams, as well as our commitment to empowering strategic talent leaders to make objective, data-driven hiring decisions that support and optimize business outcomes.”

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London’s learning management system Looop acquired by 360Learning for $20 million

arisian collaborative learning platform 360Learning has acquired Looop for $20 million in a mix of cash and shares. 360Learning received a strong vote of confidence last October when it announced a $200 million investment round co-led by Sumeru, SoftBank, and Silver Lake Waterman, and M&A activities were specifically mentioned. The Looop acquisition marks a first for the company, with presumably more announcements in the future.

Having had a front-row seat to the damage that substandard learning and development programmes can have on business, staff morale, and productivity, in 2014 Ben Muzzell and Dan Gray set out to build a better mousetrap. Employing a series of automations, Looop is a learning management system that eschews the repetitive manual work from the process, resulting in an embedded process that allows teams to create resources with as much, or as little, content as desired, sourced from any input, and delivered when needed.

In doing so, that mousetrap has struck a chord, as Looop reports consistently achieving outstanding satisfaction ratings on eLearning platforms including Capterra (4.9/5), G2 (4.9/5), and eLearning Industry (97%), and has become the defacto L&D provider to companies including Klarna, Monzo, Cazoo, and ASOS. If the credentials don’t already speak for themselves, Looop reports an annual growth rate of 100%, all while being cash flow positive.

From 360Learning’s perspective, the acquisition couldn’t happen at a better time. As the effects of the pandemic continue to play out, companies around the globe are beginning to see the Great Resignation kicking into gear and are pumping huge amounts of capital into talent retention, least of which, learning and development programmes. How much capital? According to Market and Markets, over the next four years, corporate spending on L&D will surge from the $15.8 billion seen in 2021 to a robust $37.9 billion by 2026.

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‘Paradox’ startup company becomes unicorn with ‘Olivia’ investment

Paradox, the startup that developed Olivia – a digital recruiter that communicates with job applicants, completed a $200 million round of funding at a value of $1.5 billion and has become a unicorn, due to the company’s investment in the digital recruiter.
Olivia, Paradox’s core product, is a virtual personal assistant that joins human recruitment teams and helps them automate all recruitment processes. For example, the software checks and screens the suitability of a resume for relevant jobs, carries out automatic interview scheduling, reminds the candidate to fill out forms and provides information that would be accessible to recruitment teams and other candidates. It can also send job offers automatically to possible candidates.
Over the past year, Olivia has conducted 30 million job interviews for hundreds of companies in some 50 countries and has independently scheduled 3.1 million interviews. Paradox began operating in Israel in early 2021 after acquiring the startup Spetz, whose workers integrated with the company.

Offering Bespoke One-On-One Mentoring To Employees Helps Retain Workers

What keeps CEOs up at night is worrying about how to attract, recruit and retain workers. The job market is so challenging that Apple is awarding bonuses up to $180,000 to keep software engineers from being poached by rivals like Meta, Amazon and Google. Deskless people who work in warehouses, fulfillment centers, restaurants, bars and department stores are being offered sign-on bonuses, wage increases, flexible schedules and free college tuition.

Innovative startups are seeking out new creative ways to help businesses mentor, upskill, cross-train and help employees succeed, so that the odds will increase that people will stick around. GrowthSpace, an Israeli-based tech company, offers a clever way to help CEOs fight attrition by offering personalized learning and development programs (L&D), driven by an artificial intelligence data-driven platform.

The startup connects workers with an appropriate mentor. The employee will have one-on-one, personalized programs that match each employee’s challenge with the right expert, coach or mentor. In addition to specifically tailored advice and guidance, based on the employee’s needs, managers receive feedback simultaneously that measures progress to ensure the plan is efficient and effective.

This CEO’s speech impediment led him to rethink virtual recruiting

As employers revamp their recruiting processes and continue to rebuild an ever-changing workforce, how can they be sure they’re allowing all candidates to be their genuine selves?

This is a common roadblock for people with speech impediments, says Jahanzaib Ansari, CEO of Knockri, a video recruiting platform. An estimated 3 million Americans struggle with stuttering, according to the National Institute on Deafness and other Communication Disorders. These speech impairments may impact a person’s ability to navigate high-pressure situations like a job interview, a challenge Ansari has faced throughout his career.

But the perceptions — and misconceptions — around this disability are often more damaging than the speech impediment itself, Ansari says.

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Olivia From Paradox Now Available on SAP Store

Paradox announced that its Olivia solution is now an SAP endorsed app, available for online purchase on SAP StoreSAP Endorsed Apps are a category of solutions from SAP’s partner ecosystem that help customers become best-run, intelligent enterprises and are meant to deliver value with desired outcomes.

“Our partnership with SAP has always been about working together to help clients solve their biggest recruiting challenges,” said Aaron Matos, Founder and CEO, Paradox. “Through our SAP partnership, we’ve been able to amplify our reach across a global client base. Achieving SAP endorsed app status is a testament to our longstanding partnership with SAP to provide clients with a fast, streamlined, mobile-first experience for candidates, hiring managers, and talent acquisition teams.”

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Estonian startup Teamscope gets €1.3 million boost to take executive hiring to new heights

Founded in 2015, Teamscope has just raised €1.3 million from Estonian and foreign investors as a convertible loan to expand its executive hiring SaaS platform. The Estonian-born company has headquarters in London.

On a mission to help leaders develop teams and make better hiring decisions, the Teamscope platform organises the recruitment process so that decisions can be made based on data – reducing the issues of bias and reducing the risk of hiring errors.

Tech in the recruitment sector has been booming in the past months and Teamscope is one of the latest to enter the arena bringing data-based capabilities to recruitment decisions. The Teamscope platform takes into account the suitability of the candidates for the team in terms of their values, competencies and personality traits.

Co-founder and chairman of the board Tõnis Arro said: “I have been a headhunter for decades and have increasingly found that hiring decisions are the worst kind of management decisions. Hiring is based on gut feeling, and if the candidate is also individually strong, his / her suitability for the team is not assessed. And that’s the main reason for failed hiring decisions…Teamscope transforms a standard, intuitive hiring decision into a data-driven process, helping to reduce hiring risks. With Teamscope, every executive can become a professional recruiter.”

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GrowthSpace Gains Rapid Momentum as Employers Seek to Retain Talent With Personalized Development

GrowthSpace, a global leader in personalized learning and development (L&D) programs, announced its ongoing market momentum, driven by strong demand for its data-driven platform.

During 2021, GrowthSpace has substantially increased its customer count and doubled revenue since its Series A funding round closed in May. GrowthSpace also added new customers, including Siemens, to its existing customer base, which includes GoFundMe, Monday.com, Check Point, Ernst & Young, Intel, Johnson & Johnson, and Nespresso.

GrowthSpace solves the toughest employee development and mentoring challenges through the world’s first AI-powered L&D platform for one-on-one, personalized programs that match each employee’s challenge with the right expert, coach or mentor. The comprehensive GrowthSpace solution integrates coaching, mentoring and training that is specifically tailored to employee needs, while incorporating manager feedback and simultaneously measuring progress toward business KPIs for more efficient and predictable results.

The rapid momentum of GrowthSpace’s platform aligns with today’s evolving workplace, which was dramatically reshaped by both the pandemic-driven migration to remote work and the “Great Resignation.”

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Sounding Board lands Series B to move coaching beyond services and into SaaS

Sounding Board, which started as a platform to connect leaders to coaches through a marketplace, realized early in the pandemic that mentorship needs a refresh.

“We’ve always delivered coaching in this traditional services format,” said Christine Tao, Sounding Board CEO and co-founder. “Well, we’re not in the office anymore so we actually have to speak differently about how we’re developing our talent and our leaders.” The insight led to the launch of a software platform that let users not only connect with coaches, but also track goals on an ongoing basis.

Now, nearly a year after landing a Series A with this vision, Sounding Board has closed a $30 million Series B led by Jazz Venture Partners and joined by Gaingels as well as angel investors such as theBoardlist’s Sukhinder Singh Cassidy, Ancestry.com’s Deb Liu, Udemy’s Yvonne Chen and DocuSign’s Tammy Aguillon. Previous investors in the company include Canaan Partner and Precursor Ventures.

The round also saw JAZZ Venture Partners’ John Spinale join the board, an addition to Sounding Boards’ all-female team (and all-female board). “The joke is that we actually had to add diversity to our board … a man,” Tao laughed.

The fundraise comes off of solid growth for Sounding Board, which touts that it has had sequential growth for the past seven quarters. While Tao wouldn’t share specifics on revenues, the company said revenue was in the “multimillions” in the past and annual bookings have increased more than 350% year over year. Looking at stickiness, Sounding Board claims that net revenue retention is over 200%, meaning that existing customers continue to pay for the platform as time goes on.

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Sacramento Region Innovation Awards: Humanly.io develops software to make the hiring process more efficient

Humanly.io is the winner in the Software and Hardware category of the Sacramento Region Innovation Awards. CREtelligent Inc. is the runner-up.

Humanly.io has developed artificial intelligence software that helps companies get beyond bias in screening job candidates.

The company’s software also helps automate screening and scheduling of hiring for companies and recruiters, but the special sauce is a suite of software that helps recruiters and hiring managers be more efficient during job candidate interviews and virtual interviews over teleconferencing. In essence, the software helps the interviewer get out of the way of the interviewee.

Humanly.io is headquartered in Seattle and Sacramento, and it raised a $4.2 million seed funding round in September from investors including Moneta Ventures of Folsom and Growth Factory Capital in Rocklin.

Humanly.io was the first funding announced from Rocklin entrepreneur and investor Mark Haney’s Growth Factory Capital fund. Humanly.io is also in the first cohort of companies in the 16-week Growth Factory accelerator program that started in September.

The September funding was led by Zeal Capital Partners in Washington, D.C., and also included Spark Growth Ventures, Basecamp Fund and Y Combinator. According to venture capital tracking website Crunchbase, Humanly.io has raised a total of $5.3 million since its launch in 2019.

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Paradox Ranks Among the Top 100 Fastest-Growing Companies in North America on the 2021 Deloitte Technology Fast 500

Paradox, the conversational recruiting platform helping global brands like Unilever and McDonald’s simplify hiring through automation with a human touch, announced that it debuted at number 86 on the prestigious Deloitte Technology Fast 500 — the annual ranking of the 500 fastest-growing companies in North America, now in its 27th year.

Paradox’s three-year growth rate of 1,955% is the highest of any recruiting technology company — an accomplishment founder and CEO Aaron Matos attributes to the company’s commitment to building world-class products that solve real-world hiring challenges.

“We’ve always pushed ourselves to make the hard stuff simple — and that starts with deeply understanding our clients and the challenges they’re facing,” said Matos, who started his career as a Human Resources practitioner before founding Paradox. “We’re fortunate to work alongside some of the biggest companies and smartest talent leaders in the world — and we don’t take that responsibility lightly. While recognition like this is meaningful, our responsibility is — and always has been — to maintain our insatiable appetite to build the most innovative solutions for our clients. Our goal is to keep doing that and growth will take care of itself.”

First launched in 2016, Paradox’s conversational assistant Olivia brings the experience people have come to expect from assistive technology like Siri and Alexa to recruiting — automating common recruiting tasks to get hiring work done faster and streamline the process for job seekers, recruiters, and hiring managers.

Across its clients, Paradox serves two primary — but distinct — hiring models in unique ways:

  • For high-volume hourly roles, Paradox is increasing candidate conversion by replacing cumbersome steps in the process with simple, mobile-first, conversational experiences — reducing time-to-hire by as much as 90% for some clients by automating tasks like candidate screening, interview scheduling, offers, new hire onboarding, and more.
  • For high-skill professional roles, Paradox’s conversational assistant Olivia does the work recruiting coordinators, recruiters, and hiring managers don’t have time for — like scheduling and rescheduling interviews, collecting candidate feedback, answering common questions, and creating truly personal 1:1 experiences for every candidate.

“To get recruiting right, we need to move from transactional to relational. Understanding that is one thing. Having a partner who can help you drive it is another — and Paradox has built technology to make that shift a reality,” said Jennifer Cotie Kangas, Director of Digital Experience and Talent Acquisition at Regis Corporation, a leader in the haircare industry that franchises more than 6,600 technology-enabled hair salons under brands like Supercuts, Smartstyle, Cost Cutters, First Choice Haircutters, and Roosters. “We didn’t buy Paradox only for the product it is today — we bought it for the company’s ability to listen, learn, iterate, and build the technology of the future. This company’s ability to sharpen its products over time to deliver for its clients is a real differentiator.”

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5 Innovative Companies Transforming Their Employee Experience with Startup Innovation

Since 2017, our team has been scouting and accelerating innovative startups from around the world with the goal of helping the world run at its best. Today, over 30 solutions from startups in our portfolio are integrated with SAP SuccessFactors and are available on SAP Store. These solutions are uniquely positioned to solve some of the most important challenges facing businesses today that will define a new era in the future of work.

Taking charge of change requires a bold vision and we’re deeply inspired by the five stories below that demonstrate the art of the possible when working with startups to put people at the center of how we work.

 


Nestlé & Pulsifi: Finding Top Talent with AI & Predictive Analytics

Nestlé Malaysia & Singapore received a huge number of applicants for their popular Management Trainee Program and faced a lack of data consistency, a long screening process, and unmet requirements. They worked with Pulsifi, a people data platform, to better understand candidates’ behavior with 97% accuracy and improved efficiency in the processing of candidates by over 70%.

Pulsifi works with SAP SuccessFactors Recruiting and is available on SAP Store.


GE Healthcare & Immerse Learning: Transforming Radiography Training Through VR

GE Healthcare was able to increase the quality and number of practical training hours for their radiographer trainees with the help of Immerse Learning. Together, they created a VR environment that helped enable faster training processes and real-time tracking to enable instant review and feedback on performance.

Immerse Learning Limited works with SAP SuccessFactors Employee Central and is available on SAP Store.


ENGIE & Andjaro: Improving operational performance by identifying and redeploying internal talent at scale

ENGIE, the world’s third largest energy company, was struggling with developing a systematic and flexible approach for managing their field technicians and reducing inter-project periods. With the help of Andjaro’s operational performance tool, ENGIE was able to reclassify 94% of its available technicians, reduce their interim costs, and improve inter-agency collaboration.

Andjaro works with SAP SuccessFactors Employee Central and is available on SAP Store.


Stanley Black & Decker & 360 Learning: Improving ROI of Training Programs

Stanley Black & Decker chose 360 Learning to empower and enable trainers to create programs in real time and receive feedback in an easy-to-use platform. By using 360 Learning, their trainers now produce programs in 2 hours compared to a process that would have previously taken several weeks.

360 Learning works with SAP SuccessFactors Learning and is available on SAP Store.


Bentley Systems & Plum: Driving Equitable Talent Decisions Based on Proven Science

Bentley Systems is leveraging Plum’s predictive data-driven platform to capture candidates’ skills to enable better hiring decisions. Plum’s insights are presented in their SAP SuccessFactors Recruitment Dashboard so hiring teams can quickly evaluate external candidates, match them to open roles, and reduce bias in the hiring process.

Plum works with SAP SuccessFactors Recruiting and is available on SAP Store.


Interested in collaborating with a startup in our portfolio? Let us know!

 

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Massive Raise by 360Learning Breaks Open Corporate Training: The Creator Economy Arrives

This week 360Learning, a fast-growing collaborative learning company, received an astounding $200 Million of investment. Only a few years ago this would have been incomprehensible, but now it makes sense. This is a company that has unlocked the Creator Economy in corporate training, and the impact could be massive. Let me try to explain.

The corporate training market is huge: over $260 Billion is spent on employee skills each year. Companies train front-line workers, nurses, drivers, and other essential workers and simultaneously spend millions of dollars on technology skills, professional skills, and more. Compliance and safety training itself is more than a $20 Billion industry and programs for leaders and executives often cost tens of thousands of dollars per person.

Corporate training has been built around the paradigm of teaching. Instructional designers and consultants build courses or programs; they package them into online or workshop formats; then they deliver and sell them to others. It’s very similar to the “publishing model” used in books. It takes months to build a course, then people consume it (or buy it) for many years to come.

The problem, of course, is that this model is slow. The content gets out of date, media standards keep changing (TikTok is the newest paradigm), and employees need up-to-date content. So while billions of dollars are spent on packaged content, much of it never gets used. (We’ve looked at the utility of packaged courseware and it turns out almost 80% of licensed content is never used.  In fact our research with large companies found that internally developed content is up to six times more valuable than off-the-shelf published content.)

There are ways of making published content valuable. In our academy (The Josh Bersin Academy) we “always surprise the learner,” by creating programs that always change from page to page. We use a cohort-based design so people learn from their peers. And we use exciting videos and other entertainment pieces to keep people excited.

But despite all these good ideas, more than 70% of all corporate training is developed internally, and these publishing models don’t keep up. Witness the fall in Coursera’s stock over the last few months, as buyers and investors realize so much of that content isn’t as useful as we thought.

Well thanks to innovators like 360Learning, this is all about to change. And that’s why the company is growing so fast.

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360Learning Raises $200M in Funding

People mingling in conversation

360Learning, a NYC- London, UK and Paris, France-based SaaS global collaborative learning company, raised $200m in growth funding.

The round, which brought total raised to over $240m, was led by Sumeru Equity Partners, SoftBank Vision Fund 2 and Silver Lake Waterman with participation from existing investors Bpifrance Large Venture, XAnge and Educapital.

The company will use the funding to:

  • grow the team to over 500 people by the end of next year driven by hires in innovation, engineering and product;
  • expand internationally across North America, Asia, Europe and South America; and
  • invest in strategic M&A.

Led by Nick Hernandez, founder, and CEO, 360Learning provides a platform that empowers learners to build their own skills, create courses in as few as 17 minutes and share knowledge throughout the business. The company also leverages AI to analyze data sets created from collaborative learning interactions and applies these insights to help learning communities identify what courses are missing or need to be improved, speed up course delivery, ensure learners find courses tailored to their immediate needs and keep growing through constant learning.

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Humanly.io Now Available On SAP Store

HUMANLYHR Inc., doing business as Humanly.io, today announced that its Recruiting Automation and Interview Intelligence solution is now available on SAP® Store, the online marketplace for SAP and partner offerings. The company’s conversational AI for recruiting platform integrates with the SAP® SuccessFactors® Recruiting solution and delivers more efficiency and equity to a company’s candidate screening and selection process.

“Humanly.io’s solution integrates with SAP SuccessFactors Recruiting to help mutual clients use conversational AI to measure unconscious bias and what is happening inside the interview,” says Prem Kumar, CEO and co-founder of Humanly.io.

“It’s exciting to see Humanly.io apply linguistic theory to real-world problems. As someone who researches language and social bias, it’s especially gratifying to advise them in their efforts to improve equity during the hiring process,” comments Dr. Katherine Hilton, Linguist and Lecturer at Stanford University and Humanly.io Strategic Advisor.

Humanly.io offers two editions of its solution on SAP Store: Interview Intelligence Edition and Recruitment Automation Edition. Integrated with existing video conferencing solutions like Microsoft Teams, Zoom, and Google Meet, the company’s Interview Intelligence transcribes and analyzes each virtual interview meeting. Talent acquisition leaders use the weekly, monthly, and quarterly interview analytics to apply prescriptive coaching to improve communication behavior and deliver a more consistent and fairer candidate experience.

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