Yet Analytics, the leader in capturing and measuring experience data to impact and improve human capital performance, announced today a Seed investment of $1 million in an investment round which included Grotech Ventures and TCP Venture Capital's Propel Baltimore Fund II among participants.
'We are excited to be working together to build a world class business,' said Lawson DeVries, General Partner at Grotech Ventures, 'Yet Analytics is led by passionate founders, they've got a big market opportunity and they are an example of the kind of early stage company we can get behind.'
By commercializing the power of xAPI - a data interoperability specification for human performance developed by the U.S. Department of Defense - Yet provides interactive analytics and automated visualizations for the needs of talent directors, learning and development professionals, and executives responsible for people analytics across the operations of an organization. Their customers and partners include HP, Inc., the National Association of Broadcasters, and the Next Gen Human Capital Initiative at The Learning Accelerator.
'Human capital is a complicated space for a number of reasons, not the least being the ever increasing variety of data sources organizations use everyday both to support and to better understand how their people work, learn, and engage,' said Shelly Blake-Plock, president and CEO at Yet Analytics. 'Yet's platform helps manage that data flow and provide immediate insight.'
Yet Analytics will be using the funds to grow operational and sales leadership in addition to continuing to increase their capacity in development and engineering. The new investment in Yet Analytics follows a year of product development and customer testing propelled by winning the Nielsen Data Visionary Award at TechCrunch Disrupt in San Francisco. The company was named 2016 Tech Startup of the Year at their hometown Baltimore Innovation Awards. The close of this round brings Yet Analytics' current investment funding to $2.3 million.
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About Yet Analytics
Yet Analytics delivers experience intelligence in human capital analytics by providing a dynamic and interactive analytics platform contributing insight into the operational optimization of talent through the real-time visualization of trends in engagement, learning, information usage and team behaviors.