TechWolf Funding News -Belgium-based TechWolf Raises $42.75M Series B funding

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The round was led by Felix Capital with participation from 20VC, Acadian Ventures, Fortino Capital Partners, Notion Capital, PMV, SAP, SemperVirens, ServiceNow Ventures, Stride.VC, Workday Ventures and notable AI leaders from Deepmind and Meta. TechWolf is especially proud to bring together three world-class enterprise software companies — SAP, ServiceNow, and Workday — to invest in its vision.

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“At Felix Capital, we have devoted significant resources to exploring the impact of AI on HR, influenced by the steady innovation from European AI startups. We have been particularly impressed by TechWolf's capability to transform its clients into fully-fledged 'skills-based organisations'. This transformation promotes flexibility, fuels innovation, and boosts employee engagement, ultimately optimising talent utilisation and fostering continuous learning. We are thrilled to lead this funding round alongside a remarkable group of partners, aiming to accelerate TechWolf’s expansion, especially in the U.S. and enterprise sector,” said Julien Codorniou, Partner at Felix Capital, who will join the board.

Based in Belgium, TechWolf is fast emerging as a European innovator as the continent continues to leverage talent and propositions at the forefront of AI. TechWolf is building the AI infrastructure layer for skills, creating foundational data assets and frameworks that enable a skills-first approach to talent management. Their innovative technology infers employee skills from digital interactions by leveraging advanced AI language models, thus eliminating the need for manual skills assessments. This technology enhances the capabilities of market leaders like Workday and SAP by providing high-quality skills and skill gap data to the HR landscape.

“We are grateful for the support and trust from our investors —this round of funding will accelerate our vision to make all work skills-based and help every person flourish at work,” said Andreas De Neve, co-founder and CEO at TechWolf.

TechWolf’s task-optimised AI models set new standards, outperforming leading benchmarks at a fraction of the runtime cost. Over the past five years, the company has published seven peer-reviewed articles and has 15 language models in production. Its datasets include 1.47 billion labour market data points, 38 million captured skill events, and 223 thousand recognised skill forms.

About TechWolf

TechWolf was ounded by by Andreas De Neve, Jeroen van Hautte and Mikaël Wornoo in 2018. Itis a Belgian-based AI company providing API-first Skill infrastructure for large company CHROs who are dissatisfied with their ability to make data-driven people decisions, despite investing in a myriad of talent applications.

TechWolf’s advanced AI creates high-quality skill profiles by leveraging data from systems where employees do their work, unlike traditional applications that are only using limited and siloed HR data. Notable customers include GSK, HSBC, bp, United Airlines, MetLife, Synopsys, IQVIA, KBC, Booking.com and KLM.