Prodoscore Closes Series A Round of Financing led by Troy Carter

HR Tech Outlook | Friday, May 15, 2020

Prodoscore closes Series A round of financing led by Troy Carter

Fremont, CA: The leader in employee visibility software, Prodoscore, closes its Series A funding round, led by serial entrepreneur and venture capitalist Troy Carter. The funds collected will be utilized for sales and product development as the company moves toward the rapid growth phase to fulfill the increasing demand for its solution in times of sudden and widespread shift to remote workforces brought about by the pandemic COVID-19. 

The serial entrepreneur and early-stage investor Troy Carter agreed to lead the funding round because the opportunity with Prodoscore fit perfectly into his overall investment portfolio. "Our investment in Prodoscore's Series A round feels timely as more companies shift to a long-term work from home strategy," he said. "Workflow tools sit at the top of the priority stack for most companies, and Prodoscore has delivered a great product at the right time."

Top 10 HR Tech Startups - 2019The secret ingredient that makes Prodoscore stand out is the trust built by supervising and enabling a high rate of product sales and several other functional teams. This is an increasingly urgent need in today's suddenly-much-larger remote workforce. Prodoscore's technology leverages the power of AI, and ML to assist its users' organizations, discover opportunities for profitability via Actionable Analytics. This technology will remove the guesswork from remote or in-office teams management. 

"Prodoscore is all about helping companies maximize the profit potential of their teams, and it represents the right technology at the right time," said Sam Naficy, CEO of Prodoscore. "We are truly excited to be partnering with Troy. He's proven to be an incredibly successful VC and entrepreneur who has a keen eye for what works when it comes to technology. His investment and confidence in our company will help us prepare for our next phase of rapid growth, and we're looking forward to building our team and product to meet the immense marketplace need."

The company's solution has been received with great reviews by customers, and by doing so, the company will pass significant milestones, with more than 30,000 users live on the platform. The sudden demand for remote work has contributed to some healthier people who are from enterprise B2B and B2C companies.

See also: Top Artificial Intelligence Companies

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