Friday Funding: Workera Nabs $23.5 Million
By: James Flippin · March 24, 2023 · Reading Time: 2 minutes
What is Upskilling?
Workera recently raised $23.5 million in a Series B round to help enterprise companies upskill their employees. This funding round was led by Jump Capital, which joins existing investors NEA, Owl Ventures, the AI Fund, and Sozo Ventures.
“Upskilling” is the process of helping existing employees develop new skills to advance their careers, ultimately bringing more value to the company.
Over the past few years, there have been plenty of macroeconomic factors that impeded companies’ ability to hire new talent. Consequently, approximately 40% of employers have become more interested in upskilling, or helping existing employees learn new things. Doing so allows current employees to handle more responsibilities and eliminates the need to hire new people.
Workera’s AI-powered solution offers role and goal-specific learning plans for company employees. On top of that, it allows companies to measure the skill growth of their employees and create custom upskilling plans. According to Wokera CEO, Kian Katanforoosh, the company will use the fresh funding to grow the size of its developer team to improve its product offering.
The longer you’re in the workforce, the easier it becomes to get complacent with your skill set. However, this can be a self-defeating mentality that can make you a one-dimensional employee. In reality, expanding your skill set is a necessity for nearly everyone thanks to the rapid evolution of technology.
Platforms such as Workera can make it much easier to upgrade your skill set based on the evolving needs of your industry. Plus, it can build a stronger relationship with your employer as you’re both investing in your continued learning and growth.
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