An ‘Inno Byte’ is a quick hit on a local tech & startup news story that you need to know. Be sure to check out The Beat and BostInno.com for more in-depth coverage on the city’s innovation economy.
MeQuilibrium, a startup that uses behavioral psychology and neuroscience to provide online stress management solutions for employees, raised $7 million in a Series C round led by HLM Venture Partners of Boston with participation from current investors Chrysalis Ventures and Safeguard Scientifics.
This round brings the company's total funding to $21.3 million. MeQuilibrium plans to use the proceeds from this round towards expanding sales of its products.
The eight-year-old company introduced a new product that uses data and analytics for talent optimization, soft skill and upskill development. The company also announced two strategic hires to its leadership team: Neal Bruce has joined the company as senior vice president of product strategy; Kerry Smith has also joined as senior vice president of customer success.
“We are excited about the market opportunity that meQuilibrium has created by applying its world class science and cutting-edge analytics to deliver talent analytics and cognitive upskilling at scale,“ Peter Grua, partner at HLM Venture Partners, said in a statement.
