Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

TechWolf raises $43M to take an AI-sized bite out of the internal recruiting game | TechCrunch

Jun 25, 2024 - techcrunch.com
Belgium-based startup TechWolf has raised $42.75 million in a Series B funding round led by Felix Capital, with participation from SAP, ServiceNow, Workday, Acadian Ventures, Fortino Capital Partners, Notion Capital, SemperVirens, and 20VC. The company, which uses AI to analyze internal workflows and provide data on employees' skills and interests, was founded in 2018 by Andreas De Neve, Jeroen Van Hautte, and Mikaël Wornoo. The funding will be used to expand the business, which already boasts an impressive list of customers including GSK, HSBC, and Booking.com.

TechWolf's AI engine integrates with systems used for work, such as project trackers and research repositories, to infer the skills of workers. The startup focuses on solving the "skills problem" and has no plans to expand into other areas like enterprise search or business intelligence. The company's valuation is now around $150 million.

Key takeaways:

  • TechWolf, a startup from Belgium, has developed an AI engine that analyzes data from internal workflows to understand the skills and interests of employees, helping managers and recruiters to better assess and train their staff.
  • The company has raised nearly $43 million in a Series B funding round led by Felix Capital, with participation from SAP, ServiceNow, Workday, and others.
  • TechWolf's AI models integrate with systems used for work, such as project trackers and documentation systems, to infer the skills of workers, addressing a significant problem in large organizations.
  • Despite ingesting a large amount of enterprise information, TechWolf remains focused on solving the skills problem and has no plans to expand into areas like enterprise search or business intelligence.
View Full Article

Comments (0)

Be the first to comment!