Wednesday, March 13, 2013
Evolv Uses Big Data to Improve Workforce Quality and Productivity
Founded in 2007, Evolv is a San Francisco-based startup that uses big data and predictive analytics to connect qualified employees with employers. Developed by an in-house team of data scientists, Evolv's pioneering workforce performance solutions help businesses choose, retain, and grow a more productive and more profitable staff. In other words, as founder and CEO Max Simkoff put it, “We prevent the wrong person ending up in the wrong job.”
According to the company, its software can boost workforce performance by 5 percent and workforce tenure by 15 percent. By matching workers with the right opportunities, Evolv improves the lives of millions of individuals while delivering million dollar profits to its clients, one of which is Xerox.
Evolv recently raised $15 million in funding, which will be used for international expansion and the growth of its sales and marketing team. The round, which is the startup's fourth, was led by Vantage Point Capital, with participation from Khosla, GGV, and Lightspeed Ventures.