Roundup: SeekOut Becomes a Unicorn; meQuilibrium Adds Biometrics

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SeekOut raised $115 million in Series C funding in a round led by Tiger Global Management. The investment values SeekOut at more than $1.2 billion, reflecting a 2.6x increase in valuation since the company closed its Series B round in March 2021. Over the last year, SeekOut said, the company has doubled its customer count to more than 1,000 enterprises, including six of the 10 most highly valued U.S. companies. Co-Founder and CEO Anoop Gupta said the company will use the round for “investing deeply in innovations that extend our leadership position in talent acquisition, and power new solutions for internal mobility, employee retention, career pathing and learning and development.”

meQuilibrium added biometrics features to its mobile platform. The offering uses the company’s new Breathe Coach technology, which allows users to obtain heart rate variability feedback on their smartphone. The company said it’s the first employee resilience solution to incorporate biometrics into a mobile product.

This week's #HRTech roundup: SeekOut becomes a unicorn; meQuilibrium adds biometrics, and more. #HR Click To Tweet

WorkJam announced a partnership with VMware to bring together its communication, task management, learning and open shift management tools and VMware’s Workspace ONE Unified Endpoint Management platform. The combination will give businesses the ability to deliver a more consistent and engaging digital employee experience, as well as boost productivity and reduce costs, the companies said.

WorkStep, a hiring and retention platform for the supply chain, raised $25 million in Series B funding. The investment brings its total funds raised to $42 million. The round was led by NewRoad Capital Partners.

EduMe raised $20 million in Series B funding in a round led by Prosus, with participation from Workday Ventures. Series A lead investor Valo Ventures is also participating in the round. The new funding will allow EduMe to step up investments in product development, strengthen its position in on-demand workforce training and expand its availability to more deskless verticals in the U.S. market and globally.

DriverReach, a recruiting and compliance management system, closed a $7.5 million Series A funding round. The round was led by Fulcrum Equity Partners, with participation from CreativeCo Capital. The company said it will use the funds for research and product development with an eye toward expanding its features to enable more compliance and reporting functionality and more integration with job boards and other lead generation partners and to add approximately 60 individuals over the next three years, with an emphasis on sales and marketing.

HelloTeam said 2021 was a year of significant growth in revenue, customers and headcount. The company saw annual recurring revenue grow more than 3x, combined with 2x growth in its customer base and 200% growth in employee headcount. The company released its mobile app, added an updated org chart feature and a new learning management system.

MojoHire completed beta testing its intelligent talent discovery system and moved it to general availability for the healthcare and technology verticals. The platform sits atop the HR tech stack, offering talent acquisition teams a unified view of people across systems. The idea is to help them easily discover internal and external talent, build teams and generate increased value from earlier technology investments.

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