Stockholm-based Quinyx, AI-powered workforce management (WFM) platform, announced that it has raised $50M (approx €44M) in a fresh round of funding led by Battery Ventures.
Quinyx’s software enables organisations to automate, optimise and streamline staffing processes, while simultaneously empowering and engaging employees.
Michael Brown, a general partner at Battery Ventures who led the current funding round, says, “Quinyx’s technology can’t fix the current labour shortage, but it can help employers – from retail stores, to supply chain businesses, to hospitality companies – better manage the employees they have. We are excited to see Quinyx scale even further in the current economic environment.”
Besides Battery Ventures, the company is also backed by SaaS investors such as Alfvén & Didriksson and Zobito.