Vancouver’s SkyHive has secured a $8 million Series A round led by AllegisCyber Capital, Accenture, Workday Ventures, and the Partnership Fund for New York City, all prominent investors and experts in the workforce management vertical.
SkyHive is an advanced source of data for how the world works and learns.
With its AI-based engine, the platform reads an employee’s work profile to translate it into skills. It then finds correlation between these skills and the skills extracted from jobs to identify optimized career pathways through learning solutions – all done automatically using millions of real-time data points.
SkyHive empowers organizations to maximize their workforce capability, increase employee retention, and achieve diversity and inclusion objectives.
“Prior to COVID, the changing nature of how the world works was a slow drip… this has now become a firehose, as companies and communities across the world race to define the new normal,” said SkyHive Founder and CEO Sean Hinton.
“With our Series A and the amazing partners joining us on this journey, we are honored to be recognized as a world leader in understanding these changes and applying SkyHive’s technology to solving these large-scale challenges. We are looking forward to accelerating our pace of growth to continue to support companies and communities across the world during these unprecedented times.”
SkyHive’s technology works with every kind of workforce – from front-line workers to corporate workers, global businesses to indigenous communities, enabling the company’s mission to advance world economic empowerment and livelihood.
“The current pandemic has accelerated the market need and opportunity for reskilling. Applying SkyHive’s AI technology against labor markets, workforces and skills is a compelling value proposition for the global workplace,” said Pete Bodine, Managing Director of AllegisCyber Capital.
“The pandemic and resulting shifts in the global labor market have made today’s skill gap an urgent challenge for organizations and individuals across all industries,” said Eva Sage-Gavin, Senior Managing Director of Accenture’s Global Talent and Organization/Human Potential practice. “SkyHive provides critical capabilities for clients to close workforce skills gaps so they can survive, thrive, and grow.”