Randstad Innovation Fund joins Pymetrics’ Series A financing with Mercer, a subsidiary of Marsh & McLennan Companies, Inc. and Khosla Ventures. The investment seeks to accelerate the development and go-to-market of Pymetrics, a pioneer in using big data, neuroscience and gamification to draw personal career and job recommendations.
Based on a combination of simple games of about two minutes each on a web or mobile interface, Pymetrics collects millions of data points and measures 90 dimensions, across cognitive and emotional traits. The richness and breadth of Pymetrics’ recommendation engine allows to guide talent towards the right career, jobs and culture fit.
“Pymetrics is at the forefront of data science which gives graduates and job seekers powerful insights into their career and job opportunities,” says Paul Jacquin, Managing Partner Randstad Innovation Fund. “Quality of hire and diversity greatly benefit from an unbiased understanding of a person’s profile.”
revolutionising human resources with technology
“Pymetrics looks to revolutionise talent management with the application of technologies,” says Frida Polli, CEO and co-founder of Pymetrics. “The support of Randstad Innovation Fund both financially and as thought leader in the human resources technology space is important to help us achieve our mission towards better diversity and career fit enabled by data science.
As a strategic corporate venture fund, RIF is building a portfolio of early stage HR technology investments. RIF invests in companies, which are at the forefront of technology or transforming the talent acquisition and workforce management industry, hence boosting external innovation within the Randstad Group. The goal is to combine Randstad’s expertise and reach with entrepreneurial spirit and technological excellence. RIF has invested in portfolio companies CrunchR, Gr8People, Checkster, Brazen, VONQ, RolePoint, twago and Gigwalk since its launch in March 2014. Visit www.randstad.com/about-randstad/randstad-innovation-fund for more information.
Pymetrics is the next generation career search platform. Using big data, neuroscience and machine learning, the company is reinventing the recruiting industry by recommending optimal career paths to job seekers and helping companies hire smarter. Pymetrics assesses cognitive and personality traits using a series of fun and quick neuroscience games, making it easier than ever to understand where inherent characteristics can lead to success. Learn more at www.pymetrics.com.
Randstad is one of the world’s largest recruitment and HR services providers, with Asia-Pacific operations in Singapore, Malaysia, Hong Kong SAR, China, Australia and New Zealand. Randstad Singapore specialises in permanent and contract recruitment, placing high calibre mid to senior level professionals in companies across key industry sectors. Since 1993, Randstad Singapore has been shaping the world of work, and continues to help organisations recruit the best talent in accounting & finance, banking & financial services, corporate & secretarial support, engineering, human resources, IT, life science and sales & marketing.
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