Reejig, the workforce intelligence platform that uses audited ethical AI to allow enterprise businesses to make smart and informed decisions around talent, has announces a $6 million Series A capital raise.
Investment firm Skip Capital, headed by Kim Jackson and her husband Atlassian co-founder Scott Farquhar, led the round withparticipation from Airtree Ventures; Didier Elzinga and Greta Bradman; and existing Reejig investor Right Click Capital. The funding comes following its initial seed funding of $2.2 million in 2020.
Launched in 2019 by founders Siobhan Savage, Mike Reed and Dr Shujia Zhang, the Reejig platformtackles some of the biggest HR challenges around hiring, retaining and reskilling staff – with a vision of driving zero wasted potential in people and businesses.
The platformuses AI to provide organisations with complete visibility of the skills within their workforce and the marketplace byaggregating data from existing enterprise HR systems (ATS, HR and LMS) and publicly availablesources. It enables organisations to make data-driven decisions about how they build resilient and market-leading workforces, from connecting them with top talent to creating meaningful career pathways, managing retention and creating workforce agility.
Siobhan Savage, CEO and co-founder of Reejig, said the company works with many of Australia and New Zealand’s largest and most complex organisations including Woolworths, KPMG, Transport for NSW, John Holland, MYOB and UTS – and is currently broadening itsclient base in the U.S. and other global markets.
At Rejig we believe everyone should be given the opportunity to reach their full potential at work and that organisations should be held accountable for not wasting this potential. It’s no longer acceptable for organisations to be letting pockets of people go, while simultaneously hiring hundreds in other areas of their business,” Ms Savage said.
“It all comes down to knowing your people’s skills and potential, and Reejig provides these organisations with the intelligence to find, move and upskill their people at scale. We’ve achieved a lot in the past two years and are proud to be working with our clients and funding partners towards a world with zero wasted potential.”
She added that In a market where everyone is talking about ethical talent AI, Reejighas built the world’s first independently audited ethical AI working in partnership with Professor Fang Chen and University Technology Sydney.
Skip Capital founder, Kim Jackson, says the need for effective workforce management has never been more important.
“Without any visibility on employees’ skills and abilities, it’s incredibly hard for leaders to get the full potential out of their teams and employees also end up feeling overlooked, instead of empowered,” Jackson said.
“Reejig is at the forefront of workforce intelligence, using machine learning to enable better decisions for internal movement and hiring. Siobhan, Mike and Shujia are an incredibly impressive founding team with deep domain knowledge, having worked in this space for over 15-years. We are thrilled to be partnering with them as they expand globally.”
Elicia McDonald, AirTree Partner, said AirTree was proud to be backing Reejig in solving some of the biggest problems currently being faced by workforces.
“In a fierce talent landscape where businesses are warring to attract, retain and develop high performers, Reejig fundamentally drives business resilience and workforce agility in large scale organisations – helping these businesses upskill, reskill and mobilise their people at scale in response to rapidly changing business and market demands.”
In the past three months, Reejig’s team has tripled in size, quadrupled its number of clients, and has been pulled to the US with top global brands. This funding will bolster its continued success in expanding into new markets and support the rapid growth of the business.
Reejig is a workforce intelligence platform that provides an unparalleled understanding of your people’s skills, potential, passions and experiences, creating a powerful central nervous system for all your talent decisions. Founded in 2019, it works with the largest and most complex organisations around the world on their mission towards zero wasted potential.
Reejig integrates with your existing tech stack, aggregating your people data and enriching it with public data to create live and dynamic skills profiles for all. With over 400 million career paths mapped, Reejig understands how skills relate to jobs, people and courses, giving you 100% visibility over all the skills a person has – everything from their current skills and competence level, to predicting skill adjacencies and where their skills gaps lie.