Clustree raises €7M in Series A to bring artificial intelligence into human resources

News

Alven Capital which led Clustree’s first round 18 months ago is thrilled to announce that Clustree is raising a €7M Series A with Creandum and Idinvest Partner.

Alven Capital which led Clustree’s first round 18 months ago is thrilled to announce that Clustree is raising a €7M Series A with Creandum and Idinvest Partner.

Clustree offers artificial intelligence to to make internal and external HR data blind to stereotypes and human bias. The mission is to build a technology solution that delivers fact-based and proactive decision making for career development and recruitment.

With very limited sales and marketing resources, the company has been able to secure multi-year contracts with massive international enterprises. The solution is now used across 30 different countries by industry leaders such as Orange, Crédit Agricole, SNCF, Carrefour and L’Oréal, helping them to dramatically reduce external recruitment costs and increase employee retention.

In 2016, Clustree experienced 230% revenue growth and 100% client retention, and was named a Cool Vendor by Gartner which recognized that “Clustree is unique in that its usage of natural-language processing (NLP), machine learning and predictive analytics goes beyond talent acquisition to also support other talent mobility and HR topics.”

The €7m Series A funding will allow the company to develop its sales, marketing, engineering and product teams, consolidate its market position in France and prepare for international expansion.


Share

Xwing Raises $40M, Makes History with First Autonomous Gate-to-Gate Flight

The funding will be used to scale Xwing’s autonomous technology for pilotless planes as the company brings on leading industry talent with executives from Airbus and Boeing

Read

Hull acquired by MessageBird

Hull’s CDP will provide in-depth understanding of the customer and the context of their query

Read

Crisis founders: The specific challenges (& opportunities) of launching your startup during a downturn

Insights from Adrien Ledoux (Jobteaser co-founder) and Nicolas Cohen (ALittleMarket, Ankorstore co-founder)

Read