One Model, an Austin, TX-based AI-powered people analytics platform, has raised $41 million in funding, bringing its total raised to $44.8 million.
SaaS Investors
The round was led by Riverwood Capital, with participation from Queensland Investment Corporation (QIC), Geekdom, and AV8 Ventures.
Riverwood Capital is a growth-stage technology investment firm that invests in technology companies in need of financial and intellectual capital to scale. Founded in 2008 and headquartered in Menlo Park.
One Model Use of Funds
The funding will be used to enhance technology, product development, customer success, and go-to-market initiatives.
About One Model
Founded in late 2014 by Chris Butler, David Wilson, and Matthew Wilton, One Model is a people analytics technology designed to analyze human resource data. The company provides a toolkit for extracting, modeling, and governing HR data, as well as delivering it to various applications and services. The platform can calculate the cost of turnover, headcount, and other workforce metrics, and offer insights and forecasts based on demographic changes, business goals, and other factors. One Model's customers include Colgate-Palmolive, Squarespace, Robinhood, and Airtable.
Funding Details
Company: One Model, Inc.
Raised: $41.0M
Round: Unknown
Funding Month: August 2023
Lead Investors: Riverwood Capital
Additional Investors: Queensland Investment Corporation (QIC), Geekdom, and AV8 Ventures
Company Website: https://www.onemodel.co/
Software Category: HR, Workforce, and People Analytics Software
Source: https://techcrunch.com/2023/08/07/one-model-lands-41m-to-bring-data-science-powered-insights-to-hr/