Oct 4, 2023

Erudit – a global AI company that helps leaders improve culture and productivity – recently announced its $10 million Series A round led by Conexo Ventures, Athos Capital, Ignia Partners, True Blue Partners, and Fondo Bolsa Social. This funding round drives Erudit’s workforce intelligence technology development and revenue growth. And Erudit’s software-as-a-service uses AI to produce actionable insights on more than 100 workforce indicators, such as burnout risk, engagement, and turnover risk. Erudit links with companies’ internal data through Google Workspace, Slack, Teams, or Zoom to give them real-time work environment reports that are anonymous and segmented by team. And this helps companies understand which groups of employees are at risk to churn, having a negative experience, experiencing harassment, etc. Users could view trends and heatmaps, sort by demographics, and create action plans to address problem areas. And this platform helps businesses overcome the limitations of employee surveys and offers a comprehensive understanding of workplace culture dynamics. Originating in Spain, Erudit expanded its global presence with a diverse team across three continents and a growing footprint in Europe, the U.S., and Latin America. KEY QUOTES: “This fundraise validates what we already knew about the HR industry—real time, actionable workforce intelligence insights impact business beyond instinct and unreliable survey data. Culture is not just about employee resource groups and pizza parties, which became clear as Chief People Officers gained a seat at the executive table during the pandemic. Erudit is giving people leaders the tech needed to maintain the best workforce at top performance.” — Alejandro Martinez Agenjo, Erudit’s CEO “Erudit’s ability to raise this round during a time of economic uncertainty demonstrates the confidence of investors in the company’s mission and its growing recognition in the market. “Our reasons for partnering include good strategic fit and team progress over the observation period.” — Sunil Grover, Managing Partner at True Blue Partners Trending on Pulse 2.0