VoloMetrix Raises a $1.6 Million Funding Round Led by Shasta Ventures
Management Applications to Drive Corporate Performance With Real-Time Insight Into Organizational Activities
SEATTLE, WA–(Marketwire -04/24/12)- VoloMetrix, ananalytic applications company pioneering the Talent Results Management category, today announced it has received $1.6 million in Series A funding led by Shasta Ventures. The new capital will be used to further sales, marketing and R&D expansion for the company. Ravi Mohan, managing director of Shasta Ventures has joined the company’s board of directors.
“20 years ago it was possible for an executive to walk the halls and get a sense of what people were up to, but the modern organization is far too complex, distributed and real-time for that sort of line-of-sight management to work anymore. That is where VoloMetrix comes in,” said Ryan Fuller, CEO and Founder of VoloMetrix.
VoloMetrix builds analytic applications that provide timely and actionable insight into where organizational time is being invested today and how to improve corporate performance for tomorrow. Its products expose the enterprise social graph, analyze it with proprietary algorithms, and serve up SaaS-based management insight applications that enable Talent Results Management.
“VoloMetrix is poised to become a new platform in the HCM market. The insights that VoloMetrix provides on the cost to acquire customers, costs to support customers and costs to maintain products based on the newly available collaboration data is path breaking,” said Ravi Mohan, managing director at Shasta Ventures.
VoloMetrix’s initial applications and analytic templates are focused on customer engagement, indirect costing, and overall organizational fitness. These applications aim to enable double-digit performance improvements by helping managers understand:
- What topics and activities consume the most organizational time
- How indirect people cost can be more accurately allocated to products and across groups
- What top performing teams and individuals do differently
- How well aligned resources are to the best customers vs. worst
Among its product’s key attributes are:
- Less than 30 minutes to implement
- 100% anonymous output
- Relies on existing data — no surveys or change in user behavior required
- Quick, actionable analytics
VoloMetrix (www.VoloMetrix.com) is an enterprise analytics start-up based in Seattle focused on providing tools to improve organizational effectiveness and drive knowledge worker productivity in the enterprise. The founding team and board have 30+ years of experience helping top executives in some of the largest companies in the world solve strategic and organizational problems.