One Model, an Austin-based workforce and people analytics software company has recently raised $41 million in a growth funding round led by Riverwood Capital, with participation from Queensland Investment Corporation (QIC), Geekdom, and AV8 Ventures. With the funds, the startup plans to accelerate the development of its two core technology solutions.
Co-founded by Chris Butler, David Wilson, and Matthew Wilton in late 2014, One Model provides the People Data Cloud™ and One AI, which offer advanced analytics capabilities and data orchestration to help businesses make data-driven decisions, optimize talent strategies, and facilitate business success. With the platform, organizations can identify areas where they lack skills or talent, forecast future workforce needs, and calculate the cost of turnover. It also offers a monitoring dashboard that consolidates HR data and allows users to create reports, dashboards, and visualizations
Speaking 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.
The startup’s growth trajectory is powered by solid customer relationships with nearly a hundred of the world’s largest global employers and brands. By delivering secure and unprecedented access and visibility to these organizations’ international people data, it has earned a reputation as the industry’s most respected and capable people analytics provider.
Francisco Alvarez-Demalde, Co-founder & Managing Partner of Riverwood Capital, commented:
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 employers 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’s people-centred approach and innovative technology have set them apart as a great partner for enterprises globally as they pursue more robust people strategies. We are excited to work with this fantastic team to grow the business and revolutionize HR with a comprehensive platform for people analytics.
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