TechWolf, a startup based in Ghent, Belgium, is making waves in the world of internal recruiting with its innovative AI engine. This engine analyzes data from internal workflows to better understand the skills and interests of employees. By providing this information to managers and internal recruiters, TechWolf aims to help connect employees with projects that align with their abilities and provide them with improved training opportunities.
Having already secured an impressive list of customers, including GSK, HSBC, and Booking.com, TechWolf recently raised $43 million in funding to further expand its business. Leading the Series B funding round is London-based Felix Capital, with co-investments from HR titans SAP, ServiceNow, and Workday. Other backers include Acadian Ventures, Fortino Capital Partners, Notion Capital, SemperVirens, and 20VC, as well as unnamed leaders in the field of AI.
The company was founded in 2018 by CEO Andreas De Neve, along with Jeroen Van Hautte and Mikaël Wornoo, while they were still computer science students. Initially, the plan was to create an HR platform for external talent recruitment, but the founders pivoted when they realized the need to address internal talent management. This shift was prompted by feedback from HR leaders who saw the potential to use AI to identify the skills of existing employees.
TechWolf’s focus on solving the skills problem within organizations aligns with current trends in the market. The company’s use of language models to analyze data from various work systems sets it apart in a landscape dominated by large language models. By remaining laser-focused on this specific issue, TechWolf differentiates itself from competitors and demonstrates a clear value proposition to potential investors.
Julien Codorniou, the partner at Felix Capital who led the funding round, believes that TechWolf’s commitment to solving one specific problem sets it up for success in a crowded market. By positioning itself as the go-to solution for internal talent management, the company aims to become the “Switzerland of the HR department,” a neutral and reliable partner for organizations seeking to optimize their workforce.
In a time when the world of AI is filled with noise and complexity, TechWolf’s singular focus on internal talent management stands out as a clear and valuable offering. By leveraging AI to help organizations better understand and utilize the skills of their employees, the company is poised to revolutionize the way companies approach recruiting and training. With the support of key investors and a growing customer base, TechWolf is well-positioned to lead the charge in transforming internal talent management with AI technology.
