The corporate training market is expected to grow to $475 billion by 2027 as companies across all sectors recognise the continual need to keep their workforce up-to-date, relevant and productive. However, they are currently unable to create learning programmes quickly enough to match their skills development needs.
OBRIZUM’s unique platform is built upon automation, adaptability, and analytics to enable businesses to measure digital learning and assessments at scale.
Series A investment round!
OBRIZUM, a B2B digital learning technology company, which shapes the workforce of the future through its data-driven training and knowledge transfer platform, has announced $11.5 million in Series A funding.
The investment round was led by Guinness Ventures (which backed London-based Cera) with participation from existing investors Beaubridge, Juno Capital Partners and Qatar Science & Tech Holdings, and new investor Celeres Ventures. With this round, the total funding raised by the company accounts for $17 million.
OBRIZUM will use the funds to empower large organisations to rapidly upskill and reskill staff through adaptive learning, saving businesses time, money and future-proofing their workforce.
OBRIZUM Co-founder and CEO Chibeza Agley, commented: “Given that human capital costs are almost always one of the highest outgoing expenses in any business, not having a highly trained workforce who have easy access to the information they need to upskill fast is costing enterprises hundreds of millions of dollars every year and limiting their growth potential.”
Shane Gallwey, Head of Guinness Ventures, commented: “Obrizum’s adaptive learning technology not only cuts training times for large enterprises but ensures better learning outcomes. The return on investment for enterprises who use their technology is startling, and explains the take-up of Obrizum by household names here in Europe and the USA. At Guinness we recognise the Obrizum management team as insightful and driven, and with a strong commercial appreciation of what is required to build a world class business in the education technology field. We are delighted to support them on this journey.”
Richard Abrahams, founding team member of PWC Raise, added: “We were delighted to advise such an exciting business and talented management team again for their Series A. Despite more challenging market conditions, Obrizum has secured investment from investors who understand the value of their technology and the scale of the opportunity. We’re excited to watch the progress of Obrizum as they build a category-defining business.”
Brainchild of PhD-trained Cambridge scientists
OBRIZUM was founded by a trio of PhD-trained Cambridge scientists – Doctors Chibeza Agley, Sarra Achouri and Juergen Fink in 2015 in Cambridge. It operates a mission to empower organisations across any sector through world-leading adaptive learning technology.
Its Artificial Intelligence automatically analyses and curates multimedia content into modules dramatically reducing manual effort for human operators. Obrizum’s algorithms can both challenge users on concepts they are good at and strengthen them in topics they are less proficient in.
Trusted by customers in the corporate, government, aerospace, and defence sectors, OBRIZUM’s platform provides a unique way of organising content resources meaning that companies can offer fast-paced learning opportunities, which adjust in real-time based on proven understanding.