Zugata, a Palo Alto, CA-based Big Data platform for employees to receive feedback from the people they work with, along with mentor recommendations, received $3.2m in seed funding.
Backers included General Catalyst, Formation 8, Redpoint Ventures and Silicon Valley angel investors.
The company will use the funds to continue to expand operations.
Led by Srinivas Krishnamurti, co-founder and CEO, Zugata emerged from stealth with an iOS app and web software solution that allows employees to receive continuous feedback from the people they work with, along with mentor recommendations, so they can constantly improve and reach their true potential. At the same time, the solution enables companies to understand team and organization skills to drive learning and development programs.
Zugata is being used by organizations of all sizes from startups to publicly traded companies, including one of the largest coffee chains.
FinSMEs
14/10/2015