ISRAEL – retrain.ai, a NYC-based provider of a talent intelligence platform that uses AI and Machine Learning to help organizations upskill, retrain and place professionals in new roles, closed a $9M Series A funding round.
Square Peg made the investment, following their $4M seed round in September 2020, led by Hetz Ventures, with TechAviv and .406 Ventures participating. The company will use the funds to accelerate growth and to expand its team.Led by CEO Dr. Shay David, and CTO Avi Simon, retrain.ai The platform tackles the skills gap problem by analyzing millions of data sources – including corporate data and government statistics – in order to capture business growth drivers, analyze skills and skill-shifts cycles, and predict the ‘Jobs-of-the-Future’ allowing employers and employees to understand which skills are emerging, evolving and expiring. The platform then maps an organization’s skills inventory, quantifies talent gaps, and recommends internal mobility and transition plans and personalized training pathways to bridge the skills gap.The company is working with the Israeli Department of Labor, as well as a number of S&P 500 companies.10/03/2021
