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betterworks
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AI-powered subscription performance management for enterprises
betterworks
Work Here?
AI-powered subscription performance management for enterprises
Overview
Betterworks provides AI-powered performance management software for large organizations on a subscription basis. Its platform helps managers coach more effectively and boosts employee engagement by embedding goal setting, feedback, and recognition into daily team workflows for continuous improvement. AI automates parts of the performance process and offers advanced analytics for data-driven talent decisions, integrating with existing tools used by teams. Beyond software, it offers research, guides, and live events; its goal is to help organizations improve manager effectiveness, engagement, and smarter talent decisions through scalable, continuous performance enablement.
About betterworks
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$147M
Headquarters
Palo Alto, California
Founded
2010
Simplify's Take
What believers are saying
- Goal Assist boosts goal quality by 31% and integrates seamlessly with reviews.
- Manager Command Center and automated summaries drive 60% reduction in prep time.
- 73% of organizations report workforce intelligence gaps negatively impact business outcomes.
What critics are saying
- Workday Prism Analytics erodes talent intelligence differentiation; 50-70% churn risk in 12-24 months.
- Microsoft Viva Glint integration with Copilot pulls enterprise clients into Microsoft ecosystem.
- OpenAI enterprise HR API empowers custom performance AI without vendor lock-in.
What makes betterworks unique
- Purpose-built private LLMs for HR reduce vendor lock-in versus generic enterprise APIs.
- NextGen platform reduces review cycles from 1 hour to 15 minutes per employee.
- Skills Intelligence infers capabilities from work signals, not self-reported data.
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Funding
Total Funding
$147M
Above
Industry Average
Funded Over
4 Rounds
Kleiner PerkinsBenefits
Countless wellness benefits
Flexible PTO Policy
Every second Friday of the month off
Medical, vision and dental insurance
Work from home setup reimbursement
Maternity and baby-bonding leave
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 2%2 year growth
↓ -1%Betterworks, a performance management software company, has launched a private Large Language Model (LLM) designed to power its suite of AI tools.
HR Technology Conference & Exposition (R)Annual Conference Continues to Shape the Future of HRWEST PALM BEACH, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Returning to Mandalay Bay in Las Vegas next week, the annual HR Technology Conference & Exposition® will spotlight hundreds of solution providers from September 24 – 26, 2024. This includes dozens of new products that will debut during the show, such as:Achievers – Booth No. 4918Introducing Inclusion Coach, Achievers' AI model to promote inclusive communication. Integrated into the recognition flow, Inclusion Coach analyzes text in real-time for biased language and offers suggestions for continuous coaching. This helps enhance the quality of recognitions and contributes to a positive culture by making it easier to send and receive recognitions everyone can feel good about.Airbo – Booth No
Betterworks Talent Profiles wins "Top HR Products of 2024" Award.
BetterWorks is thrilled to announce that Betterworks has been recognized as one of the "Top HR Products for 2024" by Human Resources Executive(R) and the HR Technology Conference & Exposition.
MENLO PARK, Calif.--(BUSINESS WIRE)--Betterworks, the leading intelligent performance management software company, was named “Best Comprehensive Solution” in the Talent Management category by Lighthouse Research Advisory. This is the second consecutive year the company earned this recognition and the first since introducing AI into its software. This latest award is also a testament to Betterworks’ latest research that purpose-built performance management systems outperform alternative solutions. “Receiving this award from Lighthouse Research Advisory reaffirms our commitment to crafting solutions that empower business and HR leaders to make work better,” said Doug Dennerline, Betterworks CEO. “We see HR leaders as architects of employee engagement and champions of business productivity and success. By empowering people and giving them the tools to do their best work, Betterworks has helped industry leading and innovative companies to flourish.”
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About betterworks
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$147M
Headquarters
Palo Alto, California
Founded
2010
There are no jobs for betterworks right now.
Find jobs on Simplify and start your career today