Paysa, a Palo Alto, Calif.-based provider of market salary data, raised $4m in seed funding.
Backers included New Enterprise Associates (NEA), Milliway Ventures, and other investors.
The company will use the funds to continue to develop the platform and expand operations.
Founded in 2015 by Chris Bolte, CEO, Paysa leverages machine learning and big data to provide a platform that allows individuals to analyze data to understand what they should be getting paid at their current job and explore how that could change based on a range of factors, like a new job, broader skills, or location move, enabling them to make informed decisions across the tenure of their careers.
According to a note, Paysa processes more than 10,000 variables and 30 million salary points to give individuals a personalized salary projection, which includes base salary, bonuses, and equity, to negotiate their next job, raise, or promotion.
The platform, which currently targets US-based software engineers building products across multiple industries and verticals, will be expanded into other professional categories and launch into international markets.
FinSMEs
25/02/2016