EmPath
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | <1m | 1.4m |
% growth | - | 46 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$1.0m | Seed | ||
Total Funding | $1.0m |
Related Content
Recent News about EmPath
EditEmpath.net is a startup that leverages machine learning technology to help businesses better understand and manage their human resources. The company operates in the HR tech market, serving businesses of all sizes that are looking to optimize their talent management strategies.
Empath's primary offering is a sophisticated skills inventory system. This system uses machine learning to analyze existing company data and accurately identify the skills of every employee. This comprehensive skills inventory allows managers to make more informed, skills-based decisions, leading to improved employee performance, increased satisfaction and retention, and reduced acquisition costs.
In addition to the skills inventory, Empath also provides services for personalized career development and skills-based succession planning. These services are designed to help businesses develop their employees' skills in alignment with current and future roles, as well as relevant training and coursework. This approach not only helps businesses maximize the potential of their existing talent, but also leads to significant cost savings by reducing the need for external recruitment.
Empath's business model is likely based on a subscription or usage-based pricing model, where clients pay a regular fee to access the company's services. This model provides a steady stream of recurring revenue for the company, while also offering clients the flexibility to scale their usage based on their specific needs.
Keywords: HR Tech, Machine Learning, Skills Inventory, Talent Management, Employee Development, Skills-Based Decision Making, Succession Planning, Cost Savings, Employee Retention, Subscription Model.