betterworks

betterworks

AI-driven performance management software solution

About

Betterworks offers a performance management software that uses artificial intelligence to help businesses enhance workforce performance. The platform includes features for goal setting, conversation updates, and recognition systems, all designed to integrate seamlessly into daily team activities. Unlike its competitors, Betterworks focuses on automating parts of the performance management process, allowing managers to prioritize coaching and employee development. The company's goal is to improve manager effectiveness and employee engagement while providing data-driven insights for HR leaders.

Company Stage

Late Stage VC

Employees

51-200

Industries

Enterprise Software, AI & Machine Learning

Total Funding

$143M

Headquarters

Palo Alto, California

Founded

2010


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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.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

1%

2 year growth

0%

Benefits

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

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