Praisidio, a San Francisco, CA-based AI-driven Employee Retention and Risk Management software company, raised $4M in seed funding.
The round was led by SignalFire, with participation from new investors SemperVirens and 1 Flourish, along with participation from early investors Storm Ventures and Morado Partners. The round brings Praisidio’s total funding to $5.5M to-date.
Led by founder and CTO Vahed Qasvanian and founder and CEO Ken Klein, Praisidio is helping to battle attrition by distilling critical, actionable insights from an enterprise’s existing, untapped metadata while respecting personal privacy. The company’s real-time, AI-driven, software-as-a-service (SaaS) tool processes communications, and business systems metadata using machine learning algorithms to help managers visualize, understand, and act on worrisome trends affecting teams and individual employees.
Along with the funding, Praisidio is also announcing new product capabilities and functionality to help HR managers better care for employees. Procaire Compare offers hidden insights like bias detection, Procaire Auto-Group Generation reveals talent risks through advanced AI inspection, Procaire Tasks enables HR executives to select, assign, and track specific employee retention actions, and the company is also launching a free Praisidio benchmarking service allowing potential customers to upload an anonymized spreadsheet and immediately receiving a benchmark that assesses organizational insights, compensation equity, or D.E.I. equity.
FinSMEs
07/10/2021