Beamery Raises $50M to Help Companies Manage Their Teams

The Series D round led by TVG will help Beamery advance its tech platform and expand its sales team.

Written by Ashley Bowden
Published on Dec. 15, 2022
Beamery Raises $50M to Help Companies Manage Their Teams
Beamery’s founders founding team pose for a photo while seated together.
Beamery’s founding team. | Photo: Beamery

No company can exist without the people who power it. As many businesses search for ways to weather challenging economic environments and maintain hybrid work models, Beamery works to give them the tools they need to build agile workforce plans. The company announced Tuesday a round of Series D capital to further its artificial intelligence-powered talent solution.

Beamery operates a talent lifecycle management platform that helps organizations grasp their current skills and capabilities as well as recruit, train and reorganize their workforces. Backed by Teachers’ Venture Growth, Beamery is newly equipped with $50 million and a valuation of more than $1 billion. 

The tech unicon’s solution uses AI to provide enterprise customers with the intelligence they need to make effective workforce decisions, as well as the support they need while enacting those decisions. 

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“Beamery is the only platform that provides a comprehensive view of all talent data — bringing together data on candidates, employees and alumni — in order to give leaders intelligence and insights on the skills they have today, what they are missing [or] need in the future and how they can hire, develop and redeploy skills to where they are needed most,” Abakar Saidov, Beamery’s CEO and co-founder, told Built In via email.

Beamery has seen increased adoption of its solution by Fortune 500 customers throughout 2022. The company attributes this increase to low productivity and skills shortages across industries caused by an uncertain global climate.

Since its Series C in June 2021, Beamery has seen a 250 percent increase in revenue from Fortune 500 customers. Organizations including General Motors, VMWare and Johnson & Johnson use its platform.

Based in London, Beamery operates U.S. offices in San Francisco and Boston with a growing presence in Austin. Currently, 10 of its employees work in the Lone Star State’s capital, while five occupy its Bay Area office, according to Saidov.

Beamery’s recent capital will go toward enhancing its platform and tech capabilities, as well as expanding its global sales footprint, according to the company.

“With many organizations shifting their focus from an emphasis on speed of talent acquisition to operational consistency and stability, resilience and agility are critical going into 2023 and beyond,” Saidov said. “Beamery’s talent lifecycle management platform is already well-suited to meet customers’ needs for agile talent strategies and we plan to increase product and engineering investments in this area.”

Beamery will specifically focus on building out solutions to help businesses quickly leverage their talent data for uses like agile workforce planning. It’ll also work to ensure companies have real-time insights about their workforce allocation, their organization’s existing skills as well as their DEI target achievements.

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