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Symvan Technology SEIS Fund 2 invests in Cognisess

21 May 2015

 

We are pleased to announce that Cognisess Limited has received an investment from the Symvan Technology SEIS Fund 2 to support its growth strategy.

 

Cognisess is the leading provider of people and workforce analytics software to business - leveraging neuroscience, game mechanics and data insight to transform a company’s understanding and performance of its most valuable asset - people.  

 

It is disrupting traditional assessment models by bringing scientific objectivity to the process with its initial focus on the recruitment services market - using its SaaS tools to displace paper résumés, recruitment agency sifting and one dimensional testing.

 

The platform enables companies to optimise their candidate selection and talent management program with sophisticated, real-time matching algorithms.  Using data insight tools, the technology solution provides for assessment, recruitment screening, performance, benchmark and predictive analytics.

 

In 2014, Cognisess was among 12 companies selected from hundreds of applicants to be part of the first cohort to enter the Microsoft Ventures Accelerator in London - whose support and backing as a strategic partner continues to be invaluable.

 

With channel partners operating in Australia, Israel and Africa, Cognisess is directly targeting organisations with a headcount above 250 looking to reduce overall recruitment costs and select best-fit candidates.  Customers include Havas Media, Adobe, Paypal and Trend Micro.

 

Funds raised will allow the company to release the next version of its software, grow direct sales and develop its API for wider-partner integration.  This will help support expansion in progressive markets like Asia and North America.

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