AdeptID Announces $3.5M in Seed Funding to Support Hidden Talent in the Workforce with Machine Learning
Summary
The investment comes at a pivotal time for the future of work, as the pandemic amplifies labor shortages in high-growth sectors and increases the need for upward job mobility to fill middle-skilled roles. "Poor talent matching is a problem experienced by stakeholders across the workforce ecosystem, resulting in over $1.3T of wasted tuition and lost annual profits in the U.S. alone," said AdeptID co-founder and CEO Fernando Rodriguez-Villa. We see a massive opportunity to improve outcomes for both those in the workforce looking to improve their economic mobility as well as employers struggling to fill roles in growth areas like allied health, IT, and renewable energy.” “We are excited to join AdeptID because of their differentiated technical expertise and early partnerships, but also because of their collaborative business model,” said Nasir Qadree, Managing Partner at Zeal Capital, who will be joining the company’s board. By taking a matching-capabilities-as-a-service approach to solving the labor gap, AdeptID is providing open and industry-wide access to its recommendation engine as it scales to become critical infrastructure for improving economic mobility. Headquartered in Boston, AdeptID closes the labor gap by identifying underlying, transferable skills in the 80 million Americans without college degrees and connecting talent with relevant in-demand jobs or high-impact training.
Funding
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