Work Here?
About betterworks
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$143M
Headquarters
Palo Alto, California
Founded
2010
Overview
Betterworks provides a performance management solution that helps businesses improve workforce performance using artificial intelligence. Its main product is a software tool designed to simplify performance management, which enhances the effectiveness of managers and boosts employee engagement. The platform operates on a subscription model, allowing clients to pay a recurring fee for access to features like goal setting, conversation updates, and recognition systems, all integrated into the daily tools used by teams. Betterworks also automates parts of the performance management process with AI, enabling managers to concentrate on coaching and employee development. Additionally, the platform offers advanced analytics for HR leaders to gain insights for informed talent decisions. The company supports its users with resources such as research, best practices, and live events featuring industry experts, aiming to foster modern performance practices.
Simplify's Take
What believers are saying
- Growing demand for AI-driven performance management tools boosts Betterworks' market potential.
- Emphasis on employee well-being allows Betterworks to integrate wellness metrics into its platform.
- Personalized learning trends align with Betterworks' focus on skill development and career progression.
What critics are saying
- Achievers' Inclusion Coach offers unique features that could threaten Betterworks' AI tools.
- Significant gaps between leaders and employees may undermine productivity if not addressed.
- Data privacy challenges may arise from Betterworks' private Large Language Model (LLM).
What makes betterworks unique
- Betterworks integrates AI with popular tools like Slack and Microsoft Teams.
- The platform offers real-time feedback and goal tracking for remote and hybrid work models.
- Betterworks provides advanced analytics for data-driven HR decision-making.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$143M
Above
Industry Average
Funded Over
3 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
↓ -3%1 year growth
↑ 0%2 year growth
↓ -3%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.”
There are no jobs for betterworks right now.
Find jobs on Simplify and start your career today
About betterworks
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$143M
Headquarters
Palo Alto, California
Founded
2010
There are no jobs for betterworks right now.
Find jobs on Simplify and start your career today