Total amount raised
$44.5 Millions
Latest funding date
01/01/2025
Location
Workera has successfully raised funding through multiple rounds, with notable investors including Accenture and Owl Ventures. The platform specializes in enterprise skill assessment and upskilling, particularly in data science, machine learning, and artificial intelligence.
Keep reading to explore the intricacies of Workera's fundraising journey and the investors backing this innovative platform.
What Is Workera?
Workera, founded on December 16, 2019, is based in Palo Alto, California. The company was established by Kian Katanforoosh and James Lee, with Andrew Ng also being recognized as a key founder.
Specializing in enterprise skill assessment and upskilling, Workera focuses on data science, machine learning, and artificial intelligence. Their platform offers AI-driven mentorship, adaptive assessments, and personalized learning plans to close the skills gap.
Currently, Workera employs between 101 and 250 people, providing a comprehensive skills intelligence platform that helps enterprises, governments, and individuals upskill and reskill to meet critical technological demands.
How Much Funding Has Workera Raised?
- Seed Round
- Amount Raised: $5M
- Date: December 2020
- Lead Investors: AI Fund, Owl Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's foundational platform and begin scaling its AI-driven upskilling tools.
- Series A
- Amount Raised: $16M
- Date: August 2021
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase market reach.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: August 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for ongoing development and operational needs.
- Series B
- Amount Raised: $23.5M
- Date: March 2023
- Lead Investors: Jump Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of Workera's AI-based skills assessment system and expand product offerings.
- Corporate Round
- Amount Raised: Not publicly disclosed
- Date: January 2025
- Lead Investors: Accenture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enhance its AI-driven capabilities.
Total Amount Raised: $44.5M
Current Valuation: Not publicly disclosed
Key Investors
- Accenture
- Details: Accenture is a global professional services company with leading capabilities in digital, cloud, and security. Combining unmatched experience and specialized skills across more than 40 industries, it offers Strategy and Consulting, Interactive, Technology, and Operations services.
- Investment Focus Areas: Technology, Consulting, Strategy
- Notable Investments: Not publicly disclosed
- Jump Capital
- Details: Jump Capital is a venture capital firm specializing in early-stage and growth investments. It focuses on data-driven companies and provides operational expertise and support to its portfolio companies.
- Investment Focus Areas: Fintech, Enterprise Software, Data Infrastructure
- Notable Investments: Not publicly disclosed
- New Enterprise Associates (NEA)
- Details: New Enterprise Associates is a global venture capital firm investing in technology and healthcare. NEA partners with entrepreneurs to build transformational businesses across multiple sectors.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Not publicly disclosed
- AI Fund
- Details: AI Fund is a venture capital firm focused on artificial intelligence startups. It aims to build companies that leverage AI to solve significant problems.
- Investment Focus Areas: Artificial Intelligence, Machine Learning, Robotics
- Notable Investments: Not publicly disclosed
- Owl Ventures
- Details: Owl Ventures is a venture capital firm focused on education technology. It invests in companies that are driving innovation in education and lifelong learning.
- Investment Focus Areas: EdTech, K-12, Higher Education
- Notable Investments: Not publicly disclosed
What's Next for Workera?
Workera stands at the cusp of significant growth, driven by the increasing demand for upskilling and reskilling in the workforce. With $23.5 million in Series B funding, the company is poised to expand its AI-based skill assessment systems and cater to a broader range of industries. This financial backing underscores the vast market potential and investor confidence in Workera's innovative approach.
Future fundraising opportunities appear promising as Workera continues to develop its technology and expand its market presence. The company may attract further investments to support scaling operations and entering new markets. However, challenges such as competition from other platforms and ensuring the accuracy of AI-driven assessments remain. Addressing these hurdles will be crucial for Workera's sustained growth and success.
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