Helping bring explainability to AI in talent management, Beamery announced it has raised $50 million in a series D round of funding.
Among the many use cases for artificial intelligence (AI) is for talent management.
Using AI for talent management and human resources (HR) purposes is, however, not without its challenges, as regulators are increasingly trying to put controls on the technology. For example, New York City is currently working on the Automated Employment Decision Tool (AEDT) law to help bring visibility and governance to the use of AI.
Among the vendors in the space is London-based Beamery, which is continuing to build out its AI-powered talent management platform in an approach that the company’s leadership is hopeful will satisfy existing and future regulations. Beamery includes General Motors, Uber, BBC (British Broadcasting Corporation) and Johnson & Johnson among its users.
Beamery was founded in 2014 and had an initial focus on the talent-acquisition side, helping organizations find the right staff. The company’s capabilities and AI technologies have improved over the years, and Beamery’s platform now includes a host of other talent lifecycle capabilities including skill development and mobility.
“We’ve really expanded on the product suite, really doubling down on working on the data layer around understanding people, their skills and capabilities, Abakar Saidov, CEO of Beamery, told VentureBeat.
