Vancouver’s Visier has raised a USD $125 million Series E funding round led by Goldman Sachs and declared themselves a unicorn, joining the exclusive ranks of recently crowned B.C. unicorns that includes AbCellera, Clio, Dapper Labs, Galvanize, GeoComply, Thinkific, and Trulioo.
Visier was founded in 2010 by CEO Ryan Wong and, now Chairman of the Board, John Schwarz. Both Wong and Schwarz were with Business Objects before it was acquired by SAP in 2007.
This investment signals a historic moment in the growth of the people analytics market, with Visier becoming the first independent vendor in the space to reach a $1 billion valuation.
To spearhead this new era of people analytics, Visier will use the funding to extend and accelerate product development and international go to market expansion.
“The partnership with Goldman Sachs on the next phase of Visier’s growth underscores the fact that people analytics has become mainstream business practice,” said John Schwarz, Co-Founder and Chairman of Visier. “This investment is key to establishing Visier as the independent global cloud platform for people related business insights.”
The funding announcement comes after a landmark quarter for Visier.
The company recently announced passing the 8,000 customer mark, along with signing embedded partnership agreements with Cegid, PeopleFluent and Degreed.
As of 2021, Visier processes over 12 million employee records in 75 countries around the world, with enterprise customers that include Adobe, BASF, Bridgestone, Electronic Arts, McKesson, Merck KGaA, Uber and more.