Symmetrical.ai raised $18.5 mln in Round A
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symmetrical.ai (Symmetrical) has raised $18.5 million in funding from leading venture capital funds. The leading investor in the round is Target Global (known for investments in Revolut, DocPlanner, Delivery Hero and many other leading European companies).
Symmetrical helps companies hire large-scale employees and pay them their wages in an automated manner. This solution is used by medium and large companies with a flexible employee base and a high level of complexity of the remuneration handling processes.
Symmetrical's vision is to make the payroll system invisible (in the background of everyday business operations) thanks to intelligent, fast and extremely flexible payroll technology based on artificial intelligence and connected with other services in the HR area.
The global payroll market is valued at over $150 billion, and Symmetrical is the first global provider of headless payroll technology that enables you to automate payroll processes through a flexible API-based approach. Thanks to Symmetrical technology, companies – especially those that offer flexible forms of employment – are able to scale faster and optimize overall payroll costs.
(WBJ)
