SkyHive, a Vancouver, Canada-based SaaS platform providing workforce transformation and labor market development guidance, secured $40 million in a Series B round.

The round was led by Eldridge, with participation from other investors Allegis Cyber, Accenture Ventures, Workday Ventures, and the Partnership Fund For New York City.

SkyHive’s new capital will support its global expansion of client services and partnerships. It will also augment ongoing research and development and grow the Company’s sales and marketing teams.

SkyHive has now raised more than $60 million towards its mission of future-proofing organizations as they transition from job-based to skills-based models.

Company: SkyHive Technologies Inc.

Raised: $40.0M

Round: Series B

Funding Month: October 2021

Lead Investors: Eldridge

Additional Investors: Allegis Cyber, Accenture Ventures, Workday Ventures, and the Partnership Fund For New York City

Company Website: https://www.skyhive.ai/

Software Category: Quantum Labor Analytics platform

About the Company: SkyHive is solving dislocation in modern labor economics and human capital management using its proprietary Quantum Labor Analysis (QLA) methodology, which is active in 90 countries and 400,000 unique locations worldwide. QLA combines economic theory, workforce modeling, human analytics, and data science to provide real-time insights on workforces and external labor markets. The platform also identifies high-value emerging skillsets and actively helps organizations reskill their professionals. SkyHive clients include many of the world’s top companies and governments. Its platform is vertically agnostic and specializes in all facets of the labor market. SkyHive is a profit-social impact company (B Corp) and a proud public proponent of the ethical use of artificial intelligence. Recently recognized by The World Economic Forum as a 2021 Technology Pioneer.

Source: https://www.privateequitywire.co.uk/2021/10/21/308001/skyhive-raises-usd40m-series-b-round