Business workplaces are undergoing a marked change, requiring a new generation of strategic technology to attract, retain and develop talent to compete. Addressing this market demand, Ascendify, the company’s first Intelligent People ManagementTM platform, today announced that it has closed $11 million in Series A funding with Canaan Partners leading the round. GE Ventures and Cisco Investments, which were Ascendify’s customers before investing, also participated in the Series A funding round and are working with Ascendify to build a shared vision for the future of smarter talent solutions.
Ascendify is the first fully integrated talent acquisition and talent management application that combines an intelligent data layer to help HR teams make smarter decisions with their talent. Used by brand brands including GE, Cisco, Panasonic, Deloitte and Disney, HR leaders can identify where further investment in talent is needed, fill gaps in hiring delays and employee turnover, and develop strategies to get the best out of their workforce while maximizing employee retention.
“Back to our investment in Success Factors, Canaan has believed in the impact that superior talent management technology can bring to the company,” said Deepak Kamra, Canaan’s General Partner. “Ascendify’s unique end-to-end platform provides organizations with tools to make smarter hiring and management decisions. The close partnerships of the company with GE and Cisco, among others, testify to this impact. “That’s right.
What’s Intelligent People Management?
Intelligent People Management combines talent acquisition and talent management into a complete solution that makes every use smarter. Patterns of successful employees are identified and used for future recruitment efforts as well as for the development of existing employees. Skill gaps between teams and individuals are identified, while learning assets and stretch projects are recommended to strengthen their professional development. By bringing talent and intelligence together, the results are exponential: a smarter hire, a more motivated workforce, and a much more agile enterprise.
“Just like other smart apps, Ascendify can recommend what movie to watch, what music to listen to, or how to avoid traffic,” said Matt Hendrickson, Founder and CEO of Ascendify. “Enterprise companies view their employees as an investment They care less about hiring people quickly and cheaply, and more about finding and developing the right person to work. We help with predictive analytics and increased decision-making so that companies can better understand the roles and capabilities they hire, fill gaps in their teams, and develop data intelligence skills. “That’s right.
Ascendify, the first Intelligent People ManagementTM enterprise platform, was founded in 2012 and is supported by Canaan, Cisco Investments and GE Ventures. Ascendify integrates machine learning and predictive analytics into all aspects of its talent acquisition and talent management app. This means a smarter way to identify the right people, what skills they have, what training and education they need, and what guidance and motivation they need to be inspired to succeed. Headquartered in San Francisco, Ascendify’s customers include major corporate brands within the Fortune 100-including Deloitte, Panasonic, Bank of Montreal, GE, Cisco and Marriott. Visit http://www for more information. Ancientize Potential com
Canaan is an early-stage venture capital firm that invests in visionary ideas entrepreneurs. With $5B under management, a diversified fund and over 190 exits to date, Canaan has invested in some of the world’s leading technology and healthcare companies over the last 30 years. The focus areas of Canaan include Fintech, Enterprise/Cloud, Marketplaces, Border Technology, Biopharma, Digital Health and Medtech. To learn more about our staff and portfolio, please visit Canaan. Come on,
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