BOSTON--(BUSINESS WIRE)--The Predictive Index, the leader in talent optimization, today announced that it raised $50 million in growth-stage capital from General Catalyst to accelerate its mission of transforming how companies optimize their talent—by aligning business strategy with people strategy for optimal business results.
The Predictive Index (PI) is a technology company that gives business leaders access to the people science, data, and strategy they need to make objective hiring decisions, design great teams and culture, and reach their strategic business goals. PI has more than 7,000 customers—including Nissan, Citizens Bank, DocuSign, Subway, 47 Brand, Blue Cross Blue Shield, and Omni Hotels—across 142+ countries, and has undergone more than 500 validity studies.
The funds will be used to accelerate company growth and launch a new market category, and:
- Build and empower the world’s first global talent optimization network
- Launch a strategic maturity model and detailed playbook on how to successfully design, hire, and inspire winning teams
- Kick off the world’s first talent optimization industry conference
- Accelerate and evolve the product roadmap
- Double employee headcount to support all of these efforts
"Before purchasing PI in 2014, my business partner Daniel Muzquiz and I were former PI clients, doing talent optimization intuitively for over a decade now,” said Mike Zani, CEO of The Predictive Index. “We’ve invested tens of millions of dollars back into the business to evolve The Predictive Index into a talent optimization platform. We’re excited to accelerate growth, fuel our mission of ‘Better Work, Better World,’ and continue the evolution with General Catalyst.”
“The Predictive Index protects the manager from making a bad hiring decision,” said Joan Jones, Senior Manager at Nissan, “and has given me a quantifiable and sustainable approach to predict sales performance.”
“This year, low unemployment and high turnover will further magnify the importance of talent,” said Kirk Arnold, Executive in Residence at General Catalyst and new PI board member. “Having a talent strategy which aligns and supports business strategy is a requirement for any business to be successful. We are impressed by the depth and breadth of The Predictive Index platform and are excited to be working with a team that has such a compelling vision.”
Over the past four years, The Predictive Index has executed its growth strategy by heavily investing profits back into the business, and:
- Acquired 5,500 new clients
- Grew its PI Certified Partner Network 200%
- Increased net billings growth rate to 40%
- Developed a new market category called talent optimization
In 2019, The Predictive Index will be laser-focused on educating leaders on how to use its talent optimization software and data insights to improve their odds of creating winning teams. Execution of this plan has the company projecting rapid expansion of its client base and build-out of the world’s largest network of talent optimization consulting firms.
About The Predictive Index
The Predictive Index (PI) is an award-winning talent optimization platform that aligns business strategy with people strategy for optimal business results. Sixty years of proven science, software, and a robust curriculum of insightful management workshops make PI the solution for any company looking to design great teams and culture, make objective hiring decisions, and inspire greatness in their people anywhere in the world. More than 7,000 clients use PI—including Nissan, Citizens Bank, DocuSign, Subway, 47 Brand, Blue Cross Blue Shield, and Omni Hotels—across 142+ countries. Learn more at http://www.predictiveindex.com/.
About General Catalyst
General Catalyst is a venture capital firm with approximately $5B raised to date that makes early-stage and transformational investments. We back fearless entrepreneurs who are building market-leading technology companies like Airbnb, BigCommerce, ClassPass, Datalogix, Datto, Demandware, Gusto, The Honest Company, HubSpot, KAYAK, Oscar, Snap, Stripe, and Warby Parker. With offices in San Francisco, Palo Alto, New York City and Boston, our portfolio companies benefit from a bicoastal network of talent, customers, and opportunity. For more: www.generalcatalyst.com.