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Job-matching platform pymetrics closes $40 million funding round

September 28, 2018

Pymetrics, a platform using neuroscience, AI and gamification to assess job applicants, closed a $40 million Series B funding round led by global growth equity firm General Atlantic. New investors Salesforce Ventures and Workday Ventures, as well as existing investors Khosla Ventures and Jazz Venture Partners, also participated in this funding round.

The company launched an Asia-Pacific presence in 2018, with offices in Singapore and Sydney, adding to its existing offices in New York and London. It will use the investment to accelerate international expansion and continue product development.

Randstad Holding previously invested in pymetrics in 2016 through its Randstad Innovation Fund.

The platform’s algorithms are trained on high-performing employees at a company; pymetrics then builds a trait profile of those top performers to help identify best-fit talent. The platform assesses job applicants across a range of cognitive, social, and emotional traits, and algorithmically recommends the best-suited candidates to companies.

If a person is not appropriate for the initial job, pymetrics will match the individual to other opportunities within the same, or at a different, company. The pymetrics platform also enables companies to match existing employees with new roles within their organization.

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