AmplifAI, a Plano, Texas-based People Enablement Platform for employee-focused enterprises, closed a $18.5m Series A funding.
The Series A funding round was allocated into $12.5m of equity funding and $6m in venture debt from Comerica Bank. The equity part was led by Greycroft with continued participation from LiveOak Venture Partners, Dallas Venture Partners and Capital Factory.
The company intends to use the funds to further secure its market position and drive product improvements and innovation.
Led by founder and CEO Sean Minter, AmplifAI provides a comprehensive and innovative employee enablement platform for hybrid enterprises. The self-learning platform monitors data and learns high-performing employees’ skills and behaviors, creating personalized development actions to elevate every employee into a high performer.
The company now operates in 16 different countries, serving people-centric brands such as The Home Depot.
FinSMEs
12/10/2021