Erudit AI

Erudit AI

Applies the latest technologies so companies get reliable, timely People Analytics for data-powered decisions. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
$40—60m (Dealroom.co estimates Sep 2023.)
Miami Florida (HQ), Madrid Community of Madrid (founding location)

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD2020202120222023
Revenues1.1m2.5m3.3m7.6m
% growth-123 %32 %131 %
  • Edit
DateInvestorsAmountRound
-

N/A

-
*

€460k

Seed

€300k

Seed
*

€600k

Seed
*

$3.5m

Seed
*

$210k

Valuation: $17.5m

Seed
*

$10.0m

Series A
*

N/A

Early VC
Total Funding$15.2m

Recent News about Erudit AI

Edit
More about Erudit AIinfo icon
Edit

Erudit.ai is a cutting-edge startup that leverages artificial intelligence (AI) to enhance human resource management, particularly focusing on employee engagement and well-being. The company operates in the HR tech market, providing solutions that help organizations understand and improve their workplace culture. Erudit.ai's primary clients are medium to large enterprises that aim to boost productivity and employee satisfaction by leveraging advanced technology.

The core of Erudit.ai's offering is its AI-driven platform, which uses Natural Language Processing (NLP) and Machine Learning (ML) to analyze employee communications and predict personality traits, engagement levels, and potential burnout. NLP is a technology that helps computers understand and interpret human language, while ML is a type of AI that allows systems to learn and improve from experience without being explicitly programmed.

Erudit.ai's business model is subscription-based, where companies pay a recurring fee to access the platform and its features. This model ensures a steady revenue stream and allows for continuous updates and improvements to the service. The platform provides real-time insights and actionable recommendations, enabling HR departments to take proactive measures to foster a positive work environment and prevent issues like burnout.

The company makes money by offering tiered subscription plans, which vary based on the size of the organization and the level of features required. Additional revenue streams may include consulting services and customized solutions tailored to specific client needs.

In summary, Erudit.ai is revolutionizing the HR landscape by providing AI-powered tools that help companies understand and enhance their workforce's engagement and well-being. By focusing on medium to large enterprises, the company taps into a significant market need for data-driven HR solutions.

Keywords: AI, HR tech, employee engagement, burnout prevention, NLP, ML, workplace culture, productivity, subscription model, real-time insights.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.