About betterworks
Betterworks offers a performance management software that uses artificial intelligence to help businesses enhance workforce performance. The platform includes features for goal setting, conversation updates, and recognition systems, all designed to integrate seamlessly into daily team activities. Unlike its competitors, Betterworks focuses on automating parts of the performance management process, allowing managers to prioritize coaching and employee development. The company's goal is to improve performance management practices in large organizations through continuous performance enablement and data-driven insights.
Palo Alto, CaliforniaHeadquarters
2010Year Founded
$143MTotal Funding
LATE_VCCompany Stage
Enterprise Software, AI & Machine LearningIndustries
51-200Employees
Benefits
Countless wellness benefits
Flexible PTO Policy
Every second Friday of the month off
Medical, vision and dental insurance
Work from home setup reimbursement
Maternity and baby-bonding leave
Risks
Achievers' Inclusion Coach offers unique features that could threaten Betterworks' AI tools.
Significant gaps between leaders and employees may undermine productivity if not addressed.
Data privacy challenges may arise from Betterworks' private Large Language Model (LLM).
Differentiation
Betterworks integrates AI with popular tools like Slack and Microsoft Teams.
The platform offers real-time feedback and goal tracking for remote and hybrid work models.
Betterworks provides advanced analytics for data-driven HR decision-making.
Upsides
Growing demand for AI-driven performance management tools boosts Betterworks' market potential.
Emphasis on employee well-being allows Betterworks to integrate wellness metrics into its platform.
Personalized learning trends align with Betterworks' focus on skill development and career progression.
Funding
Total raised$142.99 M
Latest valuation$305.00 M
StageLATE_VC
LATE VC
4/30/2021$61
$305.00 MSERIES B
2/28/2019$51
$255.00 MSERIES A
8/31/2014$15
$75.00 M