Gen AI: How do we tackle human capital use case prioritization to maximize value?
Hello, and welcome back to my Blog! As HR functions continue to experiment with copilots
Hello, and welcome back to my Blog!
Executive Summary
HR technology activity ramped up this month with strategic acquisitions: Cornerstone acquired EdCast, Papaya acquired Azimo, ICIMS acquired CandidateID, and Celonis acquired Process Analytics Factory among others. Furthermore, we also saw activity in funding rounds to scale operations, market expansion, product development and innovation. Relevant funding rounds: Remote (series C; $300M), Begom ($300M), Staffbase (series E; $115M), Leapsome (series A; $60M), HackerRank (series D; $60M), Forma (series B; $40M), Strivr (series B; $35M) , Compete (series A; $15M), Learnin (series A; $10M) and FutureFit (seed fund; $4.5M)
HR technology keeps attracting investors, and venture capital firms willing to invest in the next “unicorn(s)” that bring the art of the possible for corporate learning, employee/candidate experience, mobility, analytics, and remote work all powered by AI, Data and Extended Reality.
Market continues to converge, and we will see more acquisitions combining HR tech capabilities to address multiple use cases and pain points in one-single integrated platform for a better experience for candidates and employers.
Acquisitions
Venture Capital Funding
New Offerings & Partnerships
Relevant Articles
Art of the Possible
More to come! Stay tuned.
Note: All views expressed in this article do not represent the opinions of any entity whatsoever with which I have been, am now, or will be affiliated. My opinions are my own.
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Albert brings global market research experience to help executives harness intelligent technologies, reinvent HR, re-skilling and employee experience across NAR, APAC, LATAM and EMEA regions.
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