Automation will displace 85 million jobs while simultaneously creating 97 million new jobs by 2025, according to the World Economic Forum. Although that sounds like good news, the hard reality is that millions of people will have to retrain in the jobs of the future.
A number of startups are addressing these problems of employee skills, and are looking at talent development, neuroscience-based assessments and prediction technologies for staffing. These include Pymetrics (raised $56.6 million), Eightfold (raised $396.8 million) and EmPath (raised $1 million). But this sector is by no means done yet.
Retrain.ai bills itself as a “Talent Intelligence Platform”, and it’s now closed an additional $7 million