Neobrain, a SaaS HR skills management solution based on AI and Big Data, has just raised a new round of funding of €20 million from Alter Equity, Crédit Mutuel Innovation, XAnge (via La Poste Ventures) and its historical investor Breega in order to expand its HR offering and accelerate its deployment in France and internationally.
Founded in 2018 by Paul Courtaud, Neobrain develops a platform to enable companies to anticipate changes in professions and enhance employee skills and motivation. In just four years, more than 80 major accounts and over 300,000 employees have adopted Neobrain. The company is experiencing exponential growth, with sales tripling every year since 2019, and a team that has grown from 15 to 80 people.
Companies such as BOSCH, Natixis, Edenred, Afpa, Sage, Promod, rely on Neobrain to better identify their current and future skills needs and meet them with tailored HR strategies. Employees benefit from personalized follow-up, enabling them to objectify their skills and move towards training or new in-house positions.
"In an environment where the war for talent is raging, organizations need, more than ever, to know their skills and develop them to retain their employees. Thanks to this second round of financing, we'll be able to better assist companies by helping them to engage and reveal talent", says Paul Courtaud, CEO of Neobrain.
Designed from the start for international use, the solution analyzes daily data from several million job offers in 50 countries to predict job market trends. This funding will enable Neobrain, currently present in France and Portugal, to accelerate its international expansion. Recognized as a genuine European AI laboratory and research center, Neobrain will devote 40% of the funds raised to enriching its technology, enabling HR departments to better accompany their employees and steer the performance of their organizations.
