AmplifAI, a Plano, Texas-based offers a SaaS self-learning platform that plugs into a variety of company data sources to analyze employee performance and deliver personalized feedback, raised an $18.5 million Series A funding round.
The round was led by Greycroft, with LiveOak Venture Partners, Dallas Venture Partners, and Capital Factory chipping in.
AmplifAI, which is utilized by teams at brands like The Home Depot and Omnicare365, plans to use these new funds to scale its AI-driven platform and put more sales and support resources in place internally as it continues to grow.
Company: AmplifAI Solutions, Inc.
Raised: $18.5M
Round: Series A
Funding Month: October 2021
Lead Investors: Greycroft
Additional Investors: LiveOak Venture Partners, Dallas Venture Partners, and Capital Factory
Company Website: https://www.amplifai.com/
Software Category: AI-Driven People Enablement Platform
About the Company: AmplifAI offers a SaaS self-learning platform that plugs into a variety of company data sources to analyze employee performance and deliver personalized feedback and actionable suggestions to team members and managers at every level of the org chart. AmplifAI created the AI-Driven People Enablement Platform for employee-centric workforces. AmplifAI transforms employee data into actions modeled after an enterprise’s best-performing people - helping hybrid teams maximize business outcomes, boost productivity and improve engagement. Using a company’s highest-performing employees as a benchmark, AmplifAI uses its own proprietary data smarts to generate performance-related recommendations aimed at elevating others in the organization. In short, it’s data-powered professional development.
Source: https://www.amplifai.com/