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Monday, 11 October 2021 15:20

Workforce intelligence company Reejig raises $6 million

By
Reejig founders Siobhan Savage, Mike Reed and Shujia Zhang Reejig founders Siobhan Savage, Mike Reed and Shujia Zhang

Workforce intelligence platform Reejig has closed its $6 million Series A capital raise.

Reejig uses AI to reveal the skills available among an organisation's workforce and the labour market more generally by aggregating data from enterprise HR systems and publicly available sources.

The $6 million funding round was led by Skip Capital (headed by Kim Jackson and Atlassian co-founder Scott Farquhar). AirTree Ventures, Didier Elzinga and Greta Bradman, and existing Reejig investor Right Click Capital also participated.

"The need for effective workforce management has never been more important. Without any visibility on employees' skills and abilities, it's incredibly hard for leaders to get the full potential out of their teams and employees also end up feeling overlooked, instead of empowered," said Skip Capital founder Jackson.

"Reejig is at the forefront of workforce intelligence, using machine learning to enable better decisions for internal movement and hiring. Siobhan [CEO Siobhan Savage, Mike [CTO Mike Reed] and Shujia [chief data scientist Dr Sujia Zhang] are an incredibly impressive founding team with deep domain knowledge, having worked in this space for over 15 years. We are thrilled to be partnering with them as they expand globally."

AirTree partner Elicia McDonald said "In a fierce talent landscape where businesses are warring to attract, retain and develop high performers, Reejig fundamentally drives business resilience and workforce agility in large scale organisations – helping these businesses upskill, reskill and mobilise their people at scale in response to rapidly changing business and market demands."

The company was launched in 2019, and raised $2.2 million seed funding in 2020.

The platform is said to enable organisations to make data-driven decisions about how they build resilient and market-leading workforces, including finding talent, creating meaningful career pathways, managing retention, and creating an agile workforce.

Clients include Woolworths, KPMG, Transport for NSW, John Holland, MYOB and UTS, and the company is looking to expand in the US and other overseas markets.

"At Reejig, we believe everyone should be given the opportunity to reach their full potential at work and that organisations should be held accountable for not wasting this potential," said Reejig CEO and co-founder Siobhan Savage.

"It's no longer acceptable for organisations to be letting pockets of people go, while simultaneously hiring hundreds in other areas of their business.

"It all comes down to knowing your people's skills and potential, and Reejig provides these organisations with the intelligence to find, move and upskill their people at scale.

"We've achieved a lot in the past two years, and are proud to be working with our clients and funding partners towards a world with zero wasted potential."

Reejig's AI system is the first in the world to be independently audited, the company claims. That audit was performed by Professor Fang Chen of the University of Technology Sydney.

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Stephen Withers

Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.

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