Quinyx, the leader in AI-powered workforce management (WFM), has raised $50M in funding led by Battery Ventures.

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Quinyx’s software enables organisations to automate, optimise and streamline staffing processes, while simultaneously empowering and engaging their employees. The platform already helps customers around the world – including McDonald’s, Sysco, Domino’s, Maersk, IHG, and DHL – improve productivity, drive business outcomes and enhance the employee experience.

The company has experienced enormous growth over the past year. This success reflects the demand for organisations hiring an hourly workforce to do more with less, as current staffing shortages put a squeeze on businesses’ operations.

“Quinyx’s technology can’t fix the current labour shortage, but it can help employers—from retail stores, to supply chain businesses, to hospitality companies—better manage the employees they have,” said Michael Brown, a general partner at Battery Ventures who led the current funding round.

He added: “We continue to be impressed by Quinyx’s growth and are excited to see the company scale even further in the current economic environment.”

As reports of empty supermarket shelves, supply chain disruption and a scarcity of hospitality staff dominate the news cycle, it is crucial for businesses to rethink workforce management and the employee experience in order to increase staff retention and productivity.

“We are excited about the funding which will enable us to accelerate innovation and expansion – supporting our mission to better the lives of millions of hourly workers. Today’s announcement is a game-changer for the workforce management industry and businesses at large,” said Erik Fjellborg, Founder and CEO of Quinyx.

“The pandemic has fundamentally altered when and where the workforce wants to work, while Covid-related obstacles have added to the challenges organisations face. Hourly workers and the companies employing them have always been at the centre of our product and everything we do. Our next generation technology places us at the forefront of a market eager for innovation.”

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