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An expat Queenslander who discovered his fortune constructing HR information analytics startup One Mannequin within the US has scored funding from the state government-backed QIC as a part of a US$41 million (A$64m) Sequence B.
The funding will see HR Knowledge and Analytics knowledgeable Chris Butler, who grew up in Brisbane, studied IT and software program engineering at Griffith College and 20 years in the past, was working a Nice Barrier Reef cruising firm, ramp up the AI software program firm’s presence within the Queensland capital.
Butler relocated to the US in 2007 and cofounded One Mannequin in Austin, Texas, eight years in the past, taking it via the Techstars program in 2015.
One Mannequin helps world manufacturers combine AI to analyse workforce information and unlock worth of their individuals and organisations.
The Sequence B was led by Riverwood Capital alongside QIC, AV8 and Geekdom and will likely be used to speed up the startup’s product growth roadmap
Butler, One Mannequin’s CEO, stated their success wouldn’t have been potential with out their dedication to Queensland-based engineering and operations expertise.
“As early as 2015, we invested closely in our Brisbane-based analysis, growth, and engineering operation and have significantly expanded our investments since then,” he stated.
“That dedication to Queensland-based expertise is the explanation One Mannequin can supply a world-class know-how platform that’s successful accolades within the world market.”
The Queenslander stated they’ve probably the most succesful individuals analytics resolution out there and the brand new funding will permit them to advance quicker and create ever extra worth for patrons.
“One Mannequin’s individuals analytics product roadmap will likely be expanded to resolve issues for a various array of knowledge science, analyst, individuals supervisor and C-level audiences, delivering tailor-made content material proactively via alerts, notifications and individualised reporting,” he stated.
“This capital will permit us to take care of our development trajectory and stay the innovation chief of the individuals analytics area. My cofounders, David Wilson, Matthew Wilton, and I, share a career-long ardour for democratising individuals information insights at scale in giant organisations. We’ve made it our life’s mission to offer all decision-makers with probably the most dependable, impactful, predictive, and moral insights potential.”
The enterprise has two core know-how options: Individuals Knowledge Cloud, a workforce information orchestration platform, which permits organisations to make use of their information for actionable insights, and make data-informed choices; and One AI, which makes use of machine studying to generate moral, explainable AI-generated insights for employers.
QIC Personal Fairness Funding Director Nick Capell stated the funding from their $100 million Enterprise Funding Fund will assist them develop their native engineering and product growth groups.
“As companies around the globe proceed to hunt higher insights into worker engagement and output, One Mannequin’s extraction and analytical capabilities supply the right resolution for synthesising information throughout a variety of siloed HRIS platforms,” he stated.
“With a demonstrated capacity to constantly develop its product suite to develop their buyer worth proposition, the group is primed for accelerated development with a pipeline of alternatives.
QIC (beforehand referred to as the Queensland Funding Company) is the primary Australian VC to again One Mannequin.
“To see them place the Brisbane workplace as the guts of their engineering capabilities is testomony to the expertise pool right here,” Capell stated.
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