Praisidio Raises $4M for Employee Retention

Praisidio, a San Francisco, CA-based AI-driven Employee Retention and Risk Management software company, raised $4M in seed funding. The round was led by SignalFire, with participation from new investors SemperVirens and 1 Flourish, along with participation from early investors Storm Ventures and Morado Partners. The round brings Praisidio’s total funding to $5.5M to-date.

Both of Praisidio’s co-founders have felt the pain and consequences of attrition and pre-attrition affecting them and their esteemed colleagues. Vahed once witnessed seven of his coworkers resign over a short period of time, following a “high influence” team member out the door. Led by founder and CTO Vahed Qasvanian and founder and CEO Ken Klein.

Procaire by Praisidio is a talent risk management platform that distills critical, actionable insights from an enterprise’s existing, untapped metadata while respecting personal privacy. A real-time, AI-driven, software-as-a-service (SaaS) tool, Procaire processes communications, and business systems metadata using machine learning algorithms tohelp managers visualize, understand, and act on worrisome trends affecting teams and individual employees.  

Announcement: Praisidio Raises $4M for Employee Retention