Qlearsite Raises $8 Million

Enterprise IT startup Qlearsite completed $8 million in financing from Summa Equity.

Based in the U.K., Qlearsite provides people analytics solutions that use machine learning techniques to analyse complex, big employee data.

According to the company, funds from the investment will be dedicated to extending the machine learning capabilities of Qlearsite’s technologies, as well as to accelerate recruitment of key appointments. The London-based company plans to move to a new, larger office to accommodate its expected growth.