Textio

Textio

AI tools for managerial feedback and performance

About Textio

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

Industries

Enterprise Software

AI & Machine Learning

Company Size

51-200

Company Stage

Seed

Total Funding

$41.8M

Headquarters

Seattle, Washington

Founded

2014

Overview

Textio provides tools that help managers set clear expectations and give useful feedback to their teams. Their products use artificial intelligence to analyze and improve communication, making it easier for managers to enhance team performance. Unlike many competitors, Textio focuses specifically on the needs of managers and offers a subscription service that allows organizations to access their tools. The goal of Textio is to improve managerial efficiency and support better team dynamics across various industries.

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Simplify's Take

What believers are saying

  • Growing demand for AI tools addressing bias boosts Textio's market potential.
  • Remote work trends increase interest in AI-driven performance management tools.
  • Textio's investment in Feedback product aligns with market needs for performance support.

What critics are saying

  • Restructuring and layoffs may lead to internal instability and affect service.
  • Data breach investigation could harm Textio's reputation and client trust.
  • Competition from similar AI tools threatens Textio's market share.

What makes Textio unique

  • Textio uses AI to eliminate bias in workplace language, enhancing diversity.
  • The company serves over 100,000 managers, including clients like Bloomberg and Cisco.
  • Textio's subscription model focuses on improving managerial efficiency and team performance.

Help us improve and share your feedback! Did you find this helpful?

Funding

Total Funding

$41.8M

Below

Industry Average

Funded Over

4 Rounds

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

Benefits

Family medical, dental, & vision insurance

Free professional coaching

Generous leave & time off policies

Volunteer time off

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

0%

2 year growth

8%
GeekWire
Jan 16th, 2025
Augmented Writing Startup Textio Lays Off More Employees, Will Invest In ‘Different Mix Of Roles’

GeekWire’s startup coverage documents the Pacific Northwest entrepreneurial scene. Sign up for our weekly startup newsletter , and check out the GeekWire funding tracker and venture capital directory .(Textio Image)Textio laid off 15 employees on Wednesday, the company confirmed, citing a restructuring at the Seattle augmented writing startup.The company did not specify how many people it still employs. There were more than 70 workers remaining after cuts last year.Founded in 2014, Textio uses artificial intelligence and machine learning to help remove bias from workplace language for hiring and performance feedback. Customers include Bloomberg, Cisco, Hulu, Oracle, Spotify, and Warner Music Group.The company laid off 14 employees in March 2024, and cut another 15 in 2023.“The side of our business that supports our Feedback product is growing, and we needed to invest in a different mix of roles and skills to continue building and selling,” a Textio spokesperson said in a statement to GeekWire.The company said workplaces are ramping up coaching and performance management support for managers, and Textio is investing in its ability to build and deliver on those customer needs. It will be opening up some new roles, including in sales and product marketing.Textio has raised $42.5 million from investors including Industry Ventures; Operator Collective; Emergence Capital; Scale Venture Partners; Cowboy Ventures; Bloomberg Beta; and Upside Partnership.Textio co-founder Kieran Snyder stepped down as CEO in January 2024. Jensen Harris, co-founder and previously chief experience officer — and Snyder’s husband — is now CEO

Bizjournals
Mar 18th, 2024
Textio confirms layoffs as company restructures

The layoffs come just months after Textio announced a CEO change, as co-founder and former CEO Kieran Snyder moved into an emeritus role as chief scientist.

GeekWire
Mar 14th, 2024
Augmented Writing Startup Textio Lays Off 14 Employees, Or 16% Of Staff

(Textio Image)Textio laid off 14 employees this week, or 16% of its workforce, as part of a restructuring. The company confirmed the cuts to GeekWire on Thursday. It has now has 71 employees. Textio said it is shifting resources to support Textio Lift, a product it released last year which helps managers write feedback and avoid bias while providing reports to leadership.Founded in 2014, Textio uses artificial intelligence and machine learning to help remove bias from workplace language for hiring and performance feedback. Customers include Bloomberg, Cisco, Hulu, Oracle, Spotify, and Warner Music Group.The company went through a small round of layoffs a year ago.More than 200 tech companies have laid off more than 50,000 employees so far this year, according to Layoffs.fyi. Last year, nearly a quarter million tech workers were laid off amid a tightened venture capital market and increased interest rates

GeekWire
Mar 14th, 2024
Augmented writing startup Textio lays off 14 employees, or 16% of staff

Augmented writing startup Textio lays off 14 employees, or 16% of staff.

GeekWire
Feb 28th, 2024
Former Textio Ceo Kieran Snyder Dives Into New Research On How Ai Is Impacting The Workplace

Kieran Snyder. (Photo courtesy of Kieran Snyder). Kieran Snyder, the co-founder and former CEO of Seattle-based Textio, has launched her next project, less than two months after stepping back from the augmented writing startup.In an email announcement on Wednesday, Snyder shared her new website, Nerd Processor, and said she plans to explore “the impact that AI is having on workplace communication, leadership, and team dynamics.”Snyder, who has a PhD in linguistics, founded Textio in 2014 with her husband, Jensen Harris, who took over as CEO in January. The startup uses artificial intelligence and machine learning to help remove bias from workplace language — in job postings or performance evaluations, for example. Customers include Bloomberg, Cisco, Hulu, Oracle, Spotify, and Warner Music Group.Among her plans, Snyder said she will be updating research that she first published in 2014 on interruptions in the workplace, which found, among other things, that women are much more frequently interrupted in workplace meetings than men, men interrupt others more often than women do, and senior women were the biggest interrupters of all.Snyder wants to revisit the research and expand her data set to consider race, ethnicity, and if possible, more than two genders. “I’m also looking at something that wasn’t even on my radar in 2014: whether there is any difference in patterns when meetings happen in person vs

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