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About betterworks
Industries
Enterprise Software
AI & Machine Learning
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$147M
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 access features like goal setting, conversation updates, and recognition systems that are integrated into daily team tools for ongoing performance improvement. Betterworks also automates parts of the performance management process with AI, enabling managers to concentrate on coaching their employees. Additionally, the platform offers advanced analytics for HR leaders to gain insights for better talent decisions. The company supports its users with resources such as research, best practices, and live events featuring industry experts, all aimed at modernizing performance practices.
Simplify's Take
What believers are saying
- AI-driven sentiment analysis improves understanding of employee engagement and satisfaction.
- Predictive analytics forecast employee turnover, enabling proactive retention strategies.
- AI personalizes learning plans, enhancing skill development and career progression.
What critics are saying
- Competitors' rapid AI advancements could outpace Betterworks' technology.
- Data privacy demands may increase compliance costs and legal challenges.
- AI reliance might introduce biases in performance evaluations, risking dissatisfaction.
What makes betterworks unique
- Betterworks integrates AI to enhance manager effectiveness and employee engagement.
- The platform offers real-time feedback and data-driven insights for performance improvement.
- Betterworks' Talent Profiles won 'Top HR Products of 2024' for innovation.
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Funding
Total Funding
$147M
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
↓ -2%2 year growth
↓ -2%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
Enterprise Software
AI & Machine Learning
Company Size
51-200
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
People Also Viewed
Discover companies similar to betterworks