One Model is a people analytics platform designed to collect and apply organizational and talent data to improve business outcomes. The platform can perform tasks like identifying areas where a company has a shortage of skills or talent, projecting future workforce needs, and calculating the cost of turnover and headcount. The platform also offers a data science suite, One AI, which can be used to perform a range of workloads centering around HR data. The company's customer base includes brands like Colgate-Palmolive, Squarespace, Robinhood, and Airtable.
Key takeaways:
- One Model, a platform that uses AI to help employers make decisions about recruiting, hiring, promotions, layoffs and general workplace planning, has raised $41 million in a funding round led by Riverwood Capital.
- The company plans to use the funding to boost growth initiatives, particularly in the areas of technology, product development, customer success and go-to-market.
- One Model is a "people analytics" platform designed to collect and apply organizational and talent data to improve business outcomes. The market for people analytics software is expected to grow from $2.58 billion in 2022 to $7.67 billion by 2031.
- The company's customers include brands such as Colgate-Palmolive, Squarespace, Robinhood and Airtable. The latest funding round brings the Austin, Texas-based startup's total raised to $44.8 million.