iMocha, аn AI-powered digital skills assessment platform, has just announced a $14 million Series A investment round led by Eight Roads Ventures, with participation from existing investors Upekkha and Better Capital.
Aditya Systla from Eight Roads Ventures and Prasanna Krishnamoorthy from Upekkha are going to join iMocha’s board of directors. Amit Mishra, co-founder and CEO at iMocha, commented:
“Without a skill assessment platform to help measure and scale their talent pool, businesses will quickly lose out on talented team members. At iMocha, we’ve built the broadest and deepest technology skills library in the world with measurable outcomes. Our partnership with Eight Roads gives us a great launching pad to serve every Fortune 500 customer needing a skill assessment platform.”
iMocha, founded in 2015, enables talent acquisition and management teams to thoroughly assess individual skills proficiency with job-role based assessments for both recruitment and learning. Its comprehensive skills assessment platform serves many fast growing global organizations. Sujit Karpe, Co-Founder and CTO at iMocha, noted:
“By 2025, 50% of the world’s workforce will have to upgrade to next-gen digital skills. And by 2030, 60% of the skills required to perform enterprise roles will be different, making ‘skills’ the new currency for staying relevant and competitive. Because of our innovation and most importantly, our ability to create a skill-fit market, numerous Fortune 500 and global enterprises entrust us with their skills assessment and benchmarking needs.”
iMocha’s library has over 2,000+ assessments across coding, data science, AI, ML, cybersecurity, RPA, enterprise applications, cloud computing, storage, network, infrastructure management, application development, aptitude, banking, and more. Aditya Systla, Partner at Eight Roads Ventures, also noted:
“Technology has been disrupting the way we work and increasingly, every business is transforming into a tech first company. The idea of a ‘one-time digital transformation’ is passé and the ability to quantify and analyze the skills matrix of an organization is critical to effectively drive recruitment and incorporate into learning and development strategies. Leveraging an expansive and unique skills database, iMocha’s AI-powered assessment platform has enabled organizations to make the talent management processes more robust and efficient. Over the past few years, Amit, Sujit and the entire iMocha team have built a unique SaaS platform helping companies stay ahead of the curve on talent management and we are thrilled to be their partners on this journey.”
With iMocha’s skill assessment platform, organizations can find job-fit candidates and measure the ROI of L&D programs to build winning teams.
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