Glint, a company that helps companies improve the retention rate of their employees, announced today that it has raised $ 20 million in Series D funding. Round, which includes the participation of return investors Bessemer Venture Partners, Meritech Capital Partners, Norwest Venture Partners and Shasta Ventures, brings Glint's total funding to $ 80 million.
Founded in 2013, Glint's platform conducts employee surveys and analyzes results using machine learning, natural language processing, and predictive analytics. His reports assess employees' feelings about management, compensation and workplace culture, and offer suggestions on how companies can improve their bottom line.
Not only does this reduce the recruitment and training costs of new employees, but a happier workforce can also mean more happy shareholders. Glint says that companies that request employee feedback at least four times a year can see a 40% increase in the price of their shares, compared with 4% for companies that do not conduct a survey that does not. only once a year.
Other startups that also use data analysis to understand what makes employees successful include CultureAmp, which raised $ 36.3 million so far, including $ 20 million in June and TinyPulse who received $ 9.5 million. Crunchbase.
In a statement, Byron Deeter, a partner of Bessemer Venture Partners, said: "In the current business climate, it is essential that organizations commit to listening to their employees and responding to their concerns and concerns. to their needs in a meaningful way. We are excited to see more and more global organizations using Glint to transform their approach to business success by harnessing the collective power of their employees to improve results. "
The new capital of Glint will be used to expand its business and expand in Europe, where its customers already include Sky Media. Some of Glint's other customers are United Technologies, Pure Storage, Intuit, LinkedIn and Rio Tinto.
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