EmPath

EmPath

AI-Driven Insights to Guide Talent Strategy. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
AUD6—9m (Dealroom.co estimates Sep 2020.)
Washington District of Columbia (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD20222023
Revenues<1m1.4m
% growth-46 %
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DateInvestorsAmountRound
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N/A

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$1.0m

Seed
Total FundingAUD1.5m

Recent News about EmPath

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More about EmPathinfo icon
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Empath.net is a startup that leverages machine learning technology to help businesses better understand and manage their human resources. The company operates in the HR tech market, serving businesses of all sizes that are looking to optimize their talent management strategies.

Empath's primary offering is a sophisticated skills inventory system. This system uses machine learning to analyze existing company data and accurately identify the skills of every employee. This comprehensive skills inventory allows managers to make more informed, skills-based decisions, leading to improved employee performance, increased satisfaction and retention, and reduced acquisition costs.

In addition to the skills inventory, Empath also provides services for personalized career development and skills-based succession planning. These services are designed to help businesses develop their employees' skills in alignment with current and future roles, as well as relevant training and coursework. This approach not only helps businesses maximize the potential of their existing talent, but also leads to significant cost savings by reducing the need for external recruitment.

Empath's business model is likely based on a subscription or usage-based pricing model, where clients pay a regular fee to access the company's services. This model provides a steady stream of recurring revenue for the company, while also offering clients the flexibility to scale their usage based on their specific needs.

Keywords: HR Tech, Machine Learning, Skills Inventory, Talent Management, Employee Development, Skills-Based Decision Making, Succession Planning, Cost Savings, Employee Retention, Subscription Model.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.