What is the right learning technology stack for enterprise AI upskilling?
Hello, and welcome back to my Blog! With 50% + of F500 companies accelerating spending
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Executive Summary
VC investments in HR technology exploded in 2021 due to the need for organizations to adapt to the post-covid era, manage hybrid work, and new ways to retain employees. VC investments reached an estimated amount of $12 billion to enable startups to expand footprint, hire data science roles and develop new product and services to address employee pain points in the talent & HR space and workplace challenges.
Here’s a quick look at the most significant valuations, acquisitions and fundraising in the HR tech space in 2021: Qualtrics, Freshworks and Coursera went public with an estimated valuation of $21 billion, $12.2 billion, and $7 billion respectively. Celonis,$1 billion in series D, and Articulate ,$1.5 billion in series A, are the biggest round of funding in 2021. The acquisition of Medallia by Thoma Bravo for $6.4 billion and Cornerstone OnDemand by Clearlake for a $5.2 billion transaction represent the most relevant acquisitions in the market (based on public available data).
To start 2022, we began with metaverse and more metaverse technologies as a buzz word to enable talent, work, and workplace. CES 2022 brought the latest technologies, the art of the possible, and Touchcast launched MCity.
Miro , Paradox , Envoy and Seekout raised capital and reached estimated valuations of $17.5 billion, $1.5 billion, $1.4 billion, and $1.2 billion respectively. Deel acquired Roots, LinkedIn is extending its platform to host virtual live events. Phenom launched four product innovation in its Phenom AI Day and Skillsoft announced the acquisition of Codecademy for $525 million.
Market Insights
Venture Capital Funding
New Offerings & Partnerships
Acquisitions
Relevant Articles
Events
Art of the Possible
More to come! Stay tuned.
Note: All views expressed on 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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