An expat Queenslander who discovered his fortune constructing HR knowledge 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 Information 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 by way of the Techstars program in 2015.
One Mannequin helps world manufacturers combine AI to analyse workforce knowledge and unlock worth of their folks and organisations.
The Sequence B was led by Riverwood Capital alongside QIC, AV8 and Geekdom and will probably be used to speed up the startup’s product improvement roadmap
Butler, One Mannequin’s CEO, mentioned 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, improvement, and engineering operation and have significantly expanded our investments since then,” he mentioned.
“That dedication to Queensland-based expertise is the explanation One Mannequin can provide a world-class know-how platform that’s successful accolades within the world market.”
The Queenslander mentioned they’ve probably the most succesful folks analytics answer available in the market and the brand new funding will permit them to advance sooner and create ever extra worth for purchasers.
“One Mannequin’s folks analytics product roadmap will probably be expanded to unravel issues for a various array of knowledge science, analyst, folks supervisor and C-level audiences, delivering tailor-made content material proactively by way of alerts, notifications and individualised reporting,” he mentioned.
“This capital will permit us to keep up our progress trajectory and stay the innovation chief of the folks analytics area. My cofounders, David Wilson, Matthew Wilton, and I, share a career-long ardour for democratising folks knowledge insights at scale in massive 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 Information Cloud, a workforce knowledge orchestration platform, which permits organisations to make use of their knowledge 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 Non-public Fairness Funding Director Nick Capell mentioned the funding from their $100 million Enterprise Funding Fund will assist them develop their native engineering and product improvement groups.
“As companies around the globe proceed to hunt higher insights into worker engagement and output, One Mannequin’s extraction and analytical capabilities provide the proper answer for synthesising knowledge throughout a variety of siloed HRIS platforms,” he mentioned.
“With a demonstrated capability to repeatedly develop its product suite to develop their buyer worth proposition, the workforce is primed for accelerated progress with a pipeline of alternatives.
QIC (beforehand often known as the Queensland Funding Company) is the primary Australian VC to again One Mannequin.
“To see them place the Brisbane workplace as the center of their engineering capabilities is testomony to the expertise pool right here,” Capell mentioned.