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Textio

Textio

Enhances recruitment for diverse teams

About

Textio's product utilizes innovative technologies to enhance the recruitment and retention of diverse teams, with operations spanning eight U.S. states.

Company Stage

Series B

Employees

51-200

Industries

Consulting, Enterprise Software

Total Funding

$42.5M

Headquarters

N/A

Founded

2014


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Simplify's Take

What believers are saying

  • Textio's focus on DEI can attract socially conscious employees and clients, enhancing its brand reputation.
  • The shift towards Textio Lift indicates a strategic pivot to more specialized products, potentially opening new revenue streams.
  • The company's leadership change could bring fresh perspectives and renewed energy to drive innovation and growth.

What critics are saying

  • Recent layoffs and restructuring may indicate financial instability or strategic misalignment, affecting employee morale.
  • The departure of co-founder and former CEO Kieran Snyder could lead to a loss of vision and direction.

What makes Textio unique

  • Textio leverages AI and machine learning to remove bias from workplace language, a niche focus that sets it apart from general AI writing tools.
  • The company's emphasis on bias-free communication in hiring and performance feedback appeals to organizations committed to diversity, equity, and inclusion (DEI) initiatives.
  • Textio's client base includes high-profile companies like Bloomberg, Cisco, and Spotify, showcasing its credibility and effectiveness in the market.

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Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-28%

2 year growth

-2%

Benefits

Family medical, dental, & vision insurance

Free professional coaching

Generous leave & time off policies

Volunteer time off

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