This post is also available in: Español (Spanish)Contxto – We last saw Argentine HR startup Emi Labs close an investment for US$2 million in a round led by Kholsa Ventures in August of 2019.
Related article: Argentine HR chatbot Emi Labs nabs US$2 million from Khosla VenturesArtificial Intelligence for HR in MexicoAs you may recall, Emi Labs developed an AI chatbot that does a lot of the heavy-lifting for HR’s recruitment staff.
However, the startup found that due to Mexico’s high employee turnover rates, that’s where it would find companies in greater need of its AI solution.
Because that’s the most important operation we have and where we plan to grow the most in 2020.”Related article: Mexico’s HR startup Runa unleashes more features for its platformHigh turnover ratesMexico does deal with a lot of employee turnover.
According to a report by Sistemas Humanos—an HR firm—in this Latin American country there is a 16.75 percent rate.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
Companies raise nearly three rounds before they get to Series A funding.
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