London-based tech startup Beamery raises $138 million to help companies identify, attract, and retain top talent
As the coronavirus pandemic winds down and businesses reopen, it’s becoming increasingly difficult for employers to fill millions of job openings. Many of these companies struggle to find talent to fill their jobs. Gone are the days of just posting jobs on career sites hoping that candidates will just be rolling in. Employers need to do more.
Enter Beamery, a London, England tech startup that helps companies identify, attract, retain top talent, and engage with candidates on one unified platform. Beamery describes its platform as “Talent Operating System” that leverages industry-first AI-powered Talent Graph which then aggregates and enriches billions of relevant data points and signals from across the web and an enterprises’ existing technology.
As a result, Beamery is able to help organizations quickly identify and prioritize potential candidates that are likely to thrive at their organization, reach diversity targets, provide better learning opportunities and career pathways for existing employees, and understand the skills and capabilities they need to build their workforce of the future. With increasing competition and skill shortages, global enterprises are now looking to solutions like Beamery that provide a single platform to manage the entire talent lifecycle.
To further grow its platform, Beamery announced today it has raised $138m in Series C funding led by the Ontario Teachers’ Pension Plan Board (Ontario Teachers’), through its Teachers’ Innovation Platform (TIP), with participation from Accenture Ventures alongside existing investors EQT Ventures, Index Ventures, M12, and Workday Ventures. The new round puts Beamery’s valuation at $800 million. We briefly mentioned Beamery in January of 2020 after one of its investors, M12, invested in a U.K.-based startup SuperAwesome.
Founded in 2014 by Abakar Saidov, Michael Paterson, and Sultan Murad Saidov, Beamery also provides the modern enterprise and its talent acquisition teams with all the tools they need to hire better, faster, and smarter than ever before by delivering exceptional candidate experiences and engaging with talent proactively across every part of the candidate journey.
Commenting on the funding, Abakar Saidov, Co-Founder and CEO at Beamery said: “Changes to the way we work, shifting expectations of candidates, and the sheer pace of recruiting demands, have led organizations to rethink how they approach recruitment and retention. Enterprise talent teams are driving significant global transformation as they build towards this new future of work, and this investment will enable us to scale globally with growing demand and build the new category in enterprise technology.”