Pymetrics raised a $40 million Series B funding round led by General Atlantic, a global growth equity firm. This funding round also included participation from new investors Salesforce Ventures and Workday Ventures, and existing investors Khosla Ventures and Jazz Venture Partners.
Founded in 2013—and a 2014 graduate of the Partnership Fund for New York City and Accenture’s FinTech Innovation Lab—pymetrics strives to utilize neuroscience and AI to assess job applicants across a range of cognitive, social, and emotional traits and algorithmically recommend the best-suited candidates to users. The company’s algorithms are proactively audited for demographic bias using a tool to evaluate candidates based on their cognitive and emotional traits rather than their resumes, making the process free of gender, race, and socioeconomic bias. According to the company, if a person is not appropriate for the initial job, pymetrics will match the individual to other opportunities within the same, or at a different, company.