# Claro Workforce Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/claro-workforce-analytics

- Industry: Software
- Headquarters: Nashua, US
- Website: www.claro.hr
- Total disclosed funding: $2.3M
- Latest round: Seed (Feb 19, 2019)
- Investors on record: 4

## About

Claro Workforce Analytics leverages advanced labor market intelligence to enhance talent acquisition and workforce management for organizations globally, providing critical insights and tools for strategic decision-making.Founded in 2014 in Nashua, US, Claro Workforce Analytics specializes in labor market intelligence solutions that aid companies in talent acquisition. The company is led by CEO Michael Beygelman, who has a background in workforce analytics. Claro has raised USD 1.10 mn in its latest funding round, Seed, led by Crosslink Capital, bringing its total funding to USD 1.10 mn, with a history of four deals and its most recent deal dated March 16, 2022.Claro Analytics offers a comprehensive suite of labor market intelligence solutions designed to empower companies in their talent acquisition and workforce management strategies. The core product offerings include the Discovery, Analytics, and Talent Mobility modules, which provide real-time insights into open job positions and talent availability globally. Additionally, Claro's Job Seeking Sonar® tool accelerates the hiring process by delivering tailored research and insights on talent supply and demand, diversity, equity, and inclusion (DEI) metrics, compensation trends, and skills demand. The platform serves a diverse clientele that includes human resources teams, talent acquisition professionals, and organizational leaders across various industries in North America, Europe, and Asia-Pacific regions, thereby enabling them to build dynamic talent acquisition strategies and make informed decisions based on precise analytics.Claro Analytics generates revenue primarily through subscription-based partnerships with its clients, who utilize its advanced labor market intelligence tools. The subscription model allows organizations to access detailed analytics and reports, such as AI-powered labor market assessments, on a recurring basis. Clients can choose different pricing plans based on their specific needs, which may include tiered access to functionalities like the Talent Intelligence module or the Job Seeking Sonar® tool. These revenue streams are bolstered by the increasing market demand for data-driven hiring solutions, positioning Claro as a key player in the labor market analytics sector. The company's flagship product offerings, particularly its AI-driven labor market reports, are tailored to provide actionable insights that help organizations navigate complex hiring challenges while promoting competitive benchmarking and attrition modeling.Claro Workforce Analytics is focused on expanding its product offerings and market reach. Plans include the introduction of new modules within its existing platform aimed at enhancing client analytics capabilities, with expected launches in late 2023. The company is also targeting expansion into the Latin American market by mid-2024, leveraging its recent funding of USD 1.10 mn from the Seed round to support these initiatives. This funding will enable Claro to enhance its development capacity and marketing efforts as it seeks to provide more comprehensive talent intelligence services to organizations.

## Funding rounds

- Seed, Feb 19, 2019, $1.1M — Crosslink Capital, Kline Hill Partners, G Bar Ventures
- Seed, Feb 23, 2018, $1.2M — Falmouth Ventures

## Investors

- Falmouth Ventures (https://capitalatlas.ai/funds/falmouth-ventures) — Seed
- Crosslink Capital (https://capitalatlas.ai/funds/crosslink-capital) — Seed
- Kline Hill Partners (https://capitalatlas.ai/funds/kline-hill-partners) — Seed
- G Bar Ventures (https://capitalatlas.ai/funds/g-bar-ventures) — Seed