Educators around the world are embracing the power of advanced analytics and data orchestration to make informed decisions and optimize talent strategies. Austin-based One Model, the industry-leading people analytics software company, has taken a huge step forward in this direction with its recent $41 million growth funding round.
Lead by Riverwood Capital, the funding round also saw participation from Queensland Investment Corporation (QIC), Geekdom, and AV8 Ventures. With the new influx of capital, One Model plans to accelerate the development of its two core technology solutions: the People Data Cloud™ and One AI.
Co-founded by Chris Butler, David Wilson, and Matthew Wilton in late 2014, One Model provides an all-in-one platform that makes sense of HR data and allows educators to create reports, dashboards, and visualizations. It also harnesses the power of One AI, One Model’s data science suite, to perform various tasks related to HR data analysis and decision-making.
The platform enables educators to identify areas where they lack skills or talent, forecast future workforce needs, and calculate the cost of turnover. With over a hundred of the world’s largest global employers and brands relying on the company’s services, it’s no surprise that One Model’s growth trajectory is powered by solid customer relationships.
Commenting on the fundraising, Co-founder & CEO of One Model, Christopher Butler said: “This capital will allow us to maintain our growth trajectory and remain the innovation leader of the people analytics domain. With our expanded resources, we aim to empower HR and IT leaders to harness the true potential of their enterprise workforce data to drive significant business outcomes.”
Francisco Alvarez-Demalde, Co-founder & Managing Partner of Riverwood Capital, remarked: “In a world of increasing digitalization, automation, technology innovation, and complexity, making informed and timely talent decisions is fundamental to the success of any organization. One Model’s platform makes sense of all HR data, providing educators with the right people analytics tools and insights to unleash their workforce’s full potential. Companies can identify, develop, and retain talent with the One Model and make better hiring and other HR-related decisions.”
One Model is the industry’s most respected and capable people analytics provider, thanks to its secure access to international people data. With the help of this advanced platform, teachers can now identify areas of improvement, develop talent, and retain the best people for their organizations. The recent funding will help One Model further its mission of democratizing people data insights at scale in large organizations.
