SOURCE: Glint

Glint

August 30, 2016 07:30 ET

Glint Raises $27 Million to Boost Employee Engagement With Help From Artificial Intelligence

Meritech Capital Partners and Bessemer Venture Partners Lead Investment to Fuel Glint's Continued Enterprise Expansion

REDWOOD CITY, CA--(Marketwired - Aug 30, 2016) - Glint, the real-time employee engagement platform responsible for bringing AI to HR, today announced it has raised $27 million in new funding. The Series C round was led by Meritech Capital Partners and Bessemer Venture Partners, as well as returning investors Norwest Venture Partners, and Shasta Ventures, bringing total funding to date to $50M.

Since its launch in February 2015, Glint has seen tremendous growth in its roster of innovative, people-first companies. Organizations such as AOL, Blue Apron, Sky, the UK's largest entertainment company, and others use Glint to understand the health of their organization and take quick action to improve engagement and performance. This new round of funding will allow Glint to accelerate the addition of innovative capabilities to its platform, grow its team to ensure the continued success of its global enterprise customers, and advance its mission to help people be happier and more successful at work.

"At Sky, we know we're only as good as the motivation, commitment, and development of the people who work for us. They are critical to our success," said Paul Boyle, Director of HR Strategy, Insight, and Planning at Sky. "Glint provides us with unprecedented visibility and insight into what drives engagement and performance on our teams, helping us create a culture where our people can do their best work and achieve great things together."

With US productivity reaching its longest period of decline since 1979 and top talent increasingly difficult to find, organizations are growing more concerned about how they can better understand what motivates different segments of employees and inspire them to higher levels of performance. Glint data from more than a half-million employees shows that the regrettable attrition rate of employee populations with unfavorable Glint engagement scores is 12 times higher than those with favorable Glint scores. By identifying at-risk employee populations and implementing targeted interventions, organizations can begin to reverse concerning productivity and turnover trends.

"Organizations of all sizes are recognizing the need for more frequent feedback and real-time engagement data," said Jim Barnett, co-founder and CEO of Glint. "This investment is a milestone in the growth of our company and the HR technology market, and is a validation of the impact Glint is having at global organizations as they transform their people strategies -- empowering managers to drive engagement and performance, developing people and teams, and creating cultures where employees can be happier and more successful."

"Glint has set the bar for the future of HR technology," said Ralph Tribe, Director for People for Sky UK & Ireland. "As an organization with constant renewal and improvement at the core of our success, we're excited to work with Glint as a true partner to help our people fulfill their potential."

Glint's rich analytical capabilities help companies identify and measure key drivers of engagement and provide them with insights and direction to make improvements. Unlike traditional employee engagement solutions that usually involve an annual employee satisfaction survey, Glint uses artificial intelligence to help administer more frequent pulses and drive alerts that deliver real-time insights that keep pace with the changes that impact modern businesses today. Managers gain real-time access to their team's results, as well as recommended action plans specific to their teams in order to improve engagement quickly.

"Successful companies at any stage recognize the immense value of keeping employees engaged and understanding the dynamics of what drives their people," said Craig Sherman, Managing Director at Meritech Capital Partners. "The Glint team will continue to transform the way organizations measure and improve the success of their people."

"Glint has quickly proven to be a market leader, with a superior product and exceedingly happy customers who have transformed their approaches to giving and receiving feedback from employees," said Byron Deeter, Partner, Bessemer Venture Partners. "We look forward to seeing Glint build on the impressive momentum it's created over the last eighteen months and continue to deliver on its vision to develop and empower employees."

For more information and to gain insight into employee's happiness, please visit www.glintinc.com.

ABOUT GLINT
Glint helps you see into your organization in revolutionary ways, giving you the power to create real impact on employee engagement, retention and performance. Glint leverages real-time people data to give you and your managers a holistic view of your organization's health, the insight to predict problems, and direction to take action. For more information, please visit www.glintinc.com.

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