French HR solution startup Neobrain raises €3m  to support employees in professional transformation

French HR solution startup Neobrain raises €3m to support employees in professional transformation

Published: 01-06-2020 16:45:00 | By: Pie Kamau | hits: 1685 | Tags:

French HR solution startup Neobrain has together with Breega, raised €3 million to support employees in professional transformation in a rapidly changing world.

By relying on artificial intelligence, Neobrain has created a technology (platform and application) to anticipate and facilitate strategic HR decisions. The startup thus responds, effectively and relevantly, to three key needs within organizations: employee engagement and loyalty; simplification and fluidification of internal mobility; aligning employees' skills with the company's strategy. 

Thanks to its new technology and its knowledge of the professions, Neobrain limits the impact of the transformation of the professions on humans. This is a timely solution as the Covid-19 crisis calls into question the uses and organization of work.

Today, Neobrain has nearly 60,000 monthly active users, 24 employees and has opened offices in Lisbon. The startup intends to triple its workforce by recruiting around 40 people by the end of the year, and intends to expand its activity internationally. It also aims to broaden its analysis of the job market by fifty countries, representing 54 million job offers, to 100 countries to strengthen its predictive of the evolution of trades and skills.

Neobrain is currently experiencing strong growth. Its HR solution is well received and the current period has highlighted the relevance of its solution. Its monthly growth has increased by 50% since the start of the Covid-19 crisis. Faced with the growing pace of implementing AI HR solutions for its customers, this fundraising of 3 million euros will allow the startup to achieve the objectives it has set.

Paul Courtaud, CEO of Neobrain said: ''Mobility is a major issue to guarantee the sustainability of jobs and organizations. We see that competence and motivation become the link between employment and training.''