Betterworks Systems Inc. was founded in 2013 with a focus on innovating quality human resources management applications, and it has achieved stunning success through its Continuous Performance Management program. The software development company previously received investor funding of $65 million from investors like Emergence Capital, Kleiner Perkins, and others. Through a recent extended Series B funding round, it raised an additional $27 million from these established investors and other seed investors.
The company is a leader in its niche and competes actively against other HR management software firms. However, the competitors generally produce software that is designed to facilitate annual employee performance reviews. The Betterworks program is a cloud-based product that offers a robust list of features and has been continuously enhanced and innovated over the years. Its applications are accessible through an exceptional dashboard design, and these applications include performance conversations with nudges and cheers, in-application feedback, and goal creation.
The company’s management states that the company’s exceptional success is driven by its desire to continue to innovate while focusing on meeting users’ evolving needs. The additional investment funds raised will be used to promote further innovation. As evidence of its results, the company generated 100 percent growth in each of the last two years in the area of program features’ accessibility. Through users’ improved and increased use of the program, they have seen an increase in talent retention, agility, and general performance.
Headquartered in Redwood City, Betterworks Systems Inc. also has a New York City branch office. In addition, the software firm has had success with other HR applications. These include Glance and Goal Science, which facilitate goal production and monitoring of progression in different ways.