PredictiveHR, a Boston, MA-based SaaS platform that utilizes machine learning to predict talent trends and their financial impacts, raised $1m in financing.
Unnamed angel investors participated in the round.
The company intends to use the funds to advance its patent pending AI technology, along with hiring and sales and marketing initiatives.
Led by Jamie Troiano, founder and CEO, PHR provides an AI platform that normalizes all employee data that is unstructured and stored across numerous human resource systems in to one data set resulting in meaningful reports and “predictive” people analytics.
The company’s suite of products combine predictive technology and third-party data to provide insights into retention, performance, engagement, productivity and the health of the company’s workforce.