Erudit connects to apps companies already use (Slack, Microsoft Teams, Zoom) and runs collected data through AI algorithms to produce real-time people-analytics scores such as alignment, autonomy, engagement and satisfaction. The company says its models are trained by psychologists to extract and classify sentiment and to detect trigger phrases indicating stress or job searching. Erudit anonymizes chat data, allows customers to exclude individual employees, teams or departments, and processes checkpoints on a daily basis rather than in real time. The platform is used by “dozens” of businesses today. Erudit has 20 employees and expects to expand its team in the months ahead, particularly in customer support, customer success and sales. The product aims to replace lagging indicators like surveys, but the company and critics acknowledge privacy, bias and interpretation risks with monitoring employee communications. Erudit has developed technology that applies artificial intelligence and natural language processing to improve corporate talent management, studying employee personality, mental health and organizational climate. The company has a presence in the United States and its team comprises around 30 people from diverse sectors and experience areas. Erudit was founded by Alejandro Martínez Agenjo and Ricardo Michel Reyes and earned the Banco Santander and Universidad Europea award for best young social entrepreneurs in 2018. Early support came from IBM and Wayra (Telefónica’s accelerator), and the company has closed several financing rounds to date. The firm is exploring commercial opportunities with partners in areas such as M&A, culture and engagement, internal communication and reputational risk control through collaboration with investors. Erudit provides an AI-driven platform that passively collects data from business tools like Slack, GSuite, and Microsoft 365 and uses a proprietary algorithm to assess employee sentiment and burnout. The company launched an initial version of its platform in March 2021 and has seen rapid growth since. Erudit has 26 employees and currently has six remote openings, and has made several strategic hires including a head of partnerships and a CMO who previously led marketing at Cabify. The team has opened a new revenue channel through partnerships that enable reselling of its AI products. Financially, Erudit recently closed a $3.5M late seed round and plans to open a Series A before the end of the second quarter. Co‑founders Alejandro Martinez Agenjo and Ricardo Michel Reyes lead the company and have emphasized using the product to provide tangible human-capital metrics for executives and investors.

Total raised

$14M

Funding rounds

3

Latest round

Series A

Latest activity

Sep 2023