Kanarys Raises $1.5M in Funding Round

KanarysKanarys, Inc., a Dallas, TX-based technology platform that fosters collaboration between companies and employees on diversity, equity and inclusion (DEI) in the workplace, raised $1.5m in its first round of funding.

The backers were not named.

The funding will be used to grow the company’s business development and sales team, as well as expand the technical and analytics team.

Led by Mandy Price, CEO, and Star Carter, COO, Kanarys provides a platform which enables employees to anonymously share feedback on their companies’ DEI initiatives to help companies address potential areas of opportunity. Employees rate their company on five key metrics and subsequently answer a series of DEI-focused questions that incorporate AI and machine learning technologies.
Kanarys works with a number of corporate clients to provide anonymized and aggregated data and analytics and DEI metrics that allow clients to benchmark their DEI efforts internally over time as well as against industry competitors. Utilizing the in-depth analytics provided on the platform, Kanarys then assists clients with implementing solutions that create a more inclusive environment for employees.

The company has also secured a number of strategic partners, including the University of Texas at Austin, National Urban League and Spectrum Knowledge.

FinSMEs

19/11/2019

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