Explorance

Explorance

Provides people insights and AI recommendations

Overview

Explorance provides People Insight Solutions to help organizations and institutions understand how people experience work and grow in their roles. It connects moments that matter—covering needs, expectations, skills, knowledge, and competency—into a unified view that informs talent decisions. The product relies on measurement expertise and AI-enabled recommendations to move from insight to action, supporting faster, more informed decisions. Unlike general analytics vendors, Explorance focuses on the convergence of people experiences and talent effectiveness, serving 25% of the Fortune 100 and top higher education institutions through a global footprint and trusted culture. The company’s goal is to accelerate the insight-to-action cycle, enabling organizational agility and individual success.

About Explorance

Simplify's Rating
Why Explorance is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

AI & Machine Learning

Education

Company Size

201-500

Company Stage

Late Stage VC

Total Funding

$25M

Headquarters

Montreal, Canada

Founded

2003

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Simplify's Take

What believers are saying

  • Explorance added Swinburne, Ivy Tech, and Goethe Business School in 2026.
  • Explorance World 2026 awarded 23 customers, signaling sticky enterprise and university adoption.
  • Updated 2026 site claims 1,000+ organizations and 30% of top universities.

What critics are saying

  • Qualtrics and Watermark compress course-evaluation budgets by bundling broader experience-management suites.
  • Explorance still depends heavily on higher education; enrollment shocks hit renewal pipelines fast.
  • If AI feedback tools commoditize, Explorance becomes a niche automation vendor with shrinking pricing power.

What makes Explorance unique

  • Explorance Blue automates institution-wide course evaluations across Canvas, Moodle, and SIS workflows.
  • MLY uses AI to analyze open-ended feedback for universities like UWE Bristol.
  • MTM 9.5 and 9.4 deepen multilingual L&D measurement for enterprise training teams.

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Funding

Total Funding

$25M

Above

Industry Average

Funded Over

1 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

-2%

1 year growth

-1%

2 year growth

-3%
Newswire
Jul 7th, 2026
Explorance honors 23 organizations at inaugural Metrics That Matter Learning Excellence Awards at Explorance World 2026.

Explorance honors 23 organizations at inaugural Metrics That Matter Learning Excellence Awards at Explorance World 2026. Jul 07, 2026, 08:50 ET MONTREAL, July 7, 2026 /CNW/ - Explorance proudly recognized 23 organizations as recipients of the inaugural Explorance Metrics That Matter Learning Excellence Awards during a special ceremony at Explorance World 2026. These awards celebrate organizations demonstrating exceptional achievement in learning measurement, impact, and strategic value across three performance tiers: Gold, Silver, and Bronze. The awards are based on rigorous benchmarks across vital learning KPIs such as learner satisfaction, Net Promoter Scores, reduction of Scrap Learning, and Estimated Performance Improvement. These distinguished organizations exemplify best-in-class learning and development functions that not only deliver effective programs but also prove measurable business outcomes. The significance of these awards was further highlighted through two keynote addresses at Explorance World. Steve Lange, General Manager of the Metrics That Matter business unit, delivered a compelling keynote entitled "The MTM Vision & Roadmap: Optimizing the Value of Learning Investments." Lange emphasized the rising pressure on L&D teams to go beyond program delivery to build critical skills, show business value, and make smarter investments. He showcased how MTM is evolving from traditional measurement tools toward predictive intelligence, prescriptive guidance, and continuous optimization to help organizations surface insights faster and embed learning intelligence into business decision-making. Complementing this forward-looking vision, Michael Rochelle, Chief Strategy Officer at Brandon Hall Group, delivered a keynote titled "Performance or Irrelevance: The Moment of Truth for L&D and Talent." Rochelle underscored the urgent challenge L&D leaders face to clearly demonstrate the impact of learning on business outcomes, warning that learning functions must transform from activity reporting to strategic business drivers or risk irrelevance. His insights emphasized the growing expectations for CLOs to demonstrate ROI, influence strategy, and contribute measurably to organizational success. "These award recipients represent the forefront of a transformational shift in learning and development," said Steve Lange, GM Metrics That Matter. "They embody the integration of data-driven insight, strategic influence, and measurable impact that the business is asking for." The MTM Learning Excellence Awards further reinforce the importance of comprehensive, standardized learning measurement platforms to help Chief Learning Officers and learning leaders answer critical questions such as "what good looks like," "how learning drives business outcomes," and "where to best invest resources." Award recipients include: Gold Award (Top 5% performance): * Belle Tire * Heartland Dental * Kuwait Institute of Banking Studies * United Health Group Silver Award (Top 10% performance): * Pratt & Whitney Customer Training * Regeneron Pharmaceuticals * Saudi Aramco * T-Mobile Corp Bronze Award (Top 25% performance): * Allegion * Aramco LDD * Blue Cross Blue Shield of Alabama * Blue Cross Blue Shield of Michigan * Christiana Care * DP World * Federal Express * Johnson Controls International * Optum UHG * Palo Alto Networks * Petronas Group * SLB * Thermo Fisher Clinical Research * T-Mobile Customer Management * Trinity Health Explorance World 2026 brought together L&D professionals, learning strategists, and industry innovators to explore emerging trends, practical frameworks, and cutting-edge analytics shaping the future of workforce development. "Together, these awards and keynotes highlight that the future of learning measurement lies in the learning organization becoming a strategic partner to the business. To be a strategic partner, learning organizations need to predict business outcomes, guide business actions, and drive continuous workforce performance improvement at scale," concluded Michael Rochelle, Chief Strategy Officer, Brandon Hall Group. About the MTM Learning Excellence Awards The MTM Learning Excellence Awards recognize organizations that demonstrate exceptional performance in learning measurement and outcomes. Winners are selected based on rigorous benchmarking across four critical metrics: Likert Average scores, Net Promoter Score, Scrap Learning reduction, and Estimated Performance Improvement. Drawing from billions of data points collected through MTM's standardized measurement framework, these awards identify organizations that exemplify data-driven learning excellence and strategic L&D leadership. About Explorance Founded in Montreal in 2003, Explorance is a global feedback analytics company that helps organizations listen deeply, act confidently, and grow meaningfully. Explorance supports over 1,000 organizations in more than 50 countries, including 30% of the world's top universities and 25% of the Fortune 500. Explorance offers purpose-built platforms such as Blue, MLY, MTM, and BlueX, along with expert services in change management and analytics consulting. With over 25 million users and more than 2 billion feedback data points, Explorance empowers institutions to enhance teaching effectiveness, employee engagement, and learning impact. With over two decades of innovation and a 95%+ customer retention rate, Explorance is recognized by Gartner, the QS Reimagine Education Awards, the Brandon Hall Group Excellence Awards, and Great Place to Work(R). SOURCE Explorance Inc. [email protected]

01net
Apr 17th, 2025
Explorance MTM Launches Blended Learning Module: Transforms How Feedback Is Captured in the Flow of Learning

Explorance MTM launches Blended Learning Module: transforms how feedback is captured in the flow of learning.

FE News
Apr 14th, 2025
Ulster University partners with Explorance to support "continuous enhancement" around student voice

Ulster University partners with Explorance to support "continuous enhancement" around student voice.

Business Wire
Dec 19th, 2024
Explorance Named Gold Winner for AI In Education Award by QS Reimagine Education Awards

MONTREAL-(BUSINESS WIRE)-Explorance, global leader in feedback analytics solutions, is announcing today that Explorance MLY, its AI-powered qualitative analysis solution, won Gold for the AI in Education Award by QS Reimagine Education Awards earlier in the month.

Explorance
Oct 11th, 2024
The University of Akron Strengthens Student Engagement and Feedback Processes with Explorance Blue

Montreal, Quebec - October 11, 2024 - Explorance, the leading provider of Feedback Analytics solutions Feedback Analytics solutions, is proud to announce that the University of Akron (UA) has selected Explorance Blue to replace its in-house faculty evaluation platform as it implement the new Workday Student SIS.

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