According to the World Economic Forum, automation is expected to displace 85 million jobs by 2025 while creating 97 million new jobs. Startups like Pymetrics, Eightfold, EmPath, and Retrain.ai are focusing on addressing the challenge of retraining employees for the jobs of the future. Retrain.ai, a "Talent Intelligence Platform," has raised an additional $7 million in funding, bringing its total raised to $20 million.
The company uses AI and machine learning to help governments and organizations retrain and upskill talent, promote diversity, and assist employees in managing their careers. The funding will support the company's U.S. expansion, talent acquisition, and product development efforts.