A Birmingham-based company developing an artificial intelligence-powered learning and development platform has garnered a $1.3 million seed round.
The company, QuantHub, aims for its platform to provide data fluency in corporate and educational settings. The new funds will support QuantHub’s work to invest in product development and onboard additional staff.
Florida Funders, a top VC in the Southeast region, invested in QuantHub’s seed round from the Florida Funders’ Fund 2, LLC., alongside a roster of new and existing investors.
“As businesses handle a higher volume of data than ever before, it’s important their employees know how to interpret and analyze that information and make better decisions with it.” said Joshua Jones, CEO of QuantHub. “Companies have to invest in their employee education. That leads to better business outcomes.”
QuantHub’s micro-learning approach uses AI to track each step of the learning process, delivering an experience tailored for each learner. QuantHub built an AI bot named Chip that creates a fully curated learning path for each individual user. That path provides the skills at the right difficulty level with the most relevant learning assets. QuantHub offers three products that are geared toward individuals, corporations and educational institutions.
The company touts its data skills taxonomy, identifying over 500 data skills across 6,000 items at a granular and hierarchical level. The platform offers exams for users to determine their baseline and continually assesses skills based on Chip’s forecasting when an individual is likely to forget a skill, increasing long-term retention and recall. QuantHub works with a client list including Blue Cross Blue Shield, HP, Voya Financial and PVH, among others.
“Birmingham is quickly becoming a powerhouse city in the Southeastern technology scene. We are seeing some amazing companies, as well as investors and family offices, becoming extremely active in the area,” said Saxon Baum, partner at Florida Funders. “The trend for the Southeast as the fastest-growing tech hub in America is really only getting started. With cities like Atlanta, Austin, Tampa, Miami and the Research Triangle leading the pack, a city like Birmingham has so much room to grow.”
The BBJ also reported in 2018 that QuantHub completed a $1.25 million funding round.
