Praisidio, a San Francisco, CA-based AI-driven Employee Retention and Risk Management software company, raised $4 million in Seed funding.
The round was led by SignalFire, with participation from new investors SemperVirens and 1 Flourish, with participation from early investors Storm Ventures and Morado Partners. The round brings Praisidio’s total funding to $5.5M to date.
Along with the funding, Praisidio is also announcing new product capabilities and functionality to help HR managers better care for employees.
Company: Praisidio, Inc
Round: Seed Round
Funding Month: October 2021
Lead Investors: SignalFire
Additional Investors: SemperVirens, 1 Flourish, Storm Ventures, and Morado Partners
Company Website: https://www.praisidio.com/
Software Category: AI-driven Employee Retention and Risk Management
About the Company: Led by founder and CTO Vahed Qasvanian and founder and CEO Ken Klein, Praisidio is helping to battle attrition by distilling critical, actionable insights from an enterprise’s existing, untapped metadata while respecting personal privacy. The company’s real-time, AI-driven, software-as-a-service (SaaS) tool processes communications and business systems metadata using machine learning algorithms to help managers visualize, understand, and act on worrisome trends affecting teams and individual employees.