15 new fundings; $785M+ invested in NYC startups this past week. NYC Tech News for the week ending 8/28 featuring news for Covera Health, Kalo, and much, much more.
The evolution of a successful company involves a typical storyline that goes from the founding team focusing on product and growth at the earliest stages to the founders’ roles transitioning to storytelling and finding, engaging, and retaining the right talent after product-market-fit is established. Eventually, as company roles become more specialized, many companies are hiring Chief People Officers (CPOs) to manage the strategy of building and retaining exceptional talent with a focus on hiring, training, professional development, and performance management. Knoetic is a platform built for Chief People Officers by Chief People Officers. The platform is a workforce analytics platform that also has its own professional social network of 1000+ Chief People Officers that are able to support one another and provide best practices. The analytics side allows CPOs to take an unprecedented data-driven approach to their roles. The company is emerging from stealth but has its roots in another startup that combined analytics and community founded by the same team – Twine. AlleyWatch caught up with Founder and CEO Joseph Quan to learn more about the business, strategic plans, and recent round of funding led by Accel.
The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 8/25/2021 featuring funding details for Knoetic, Antidote Health, and much more.