Cercli Secures $12 Million Series A to Revolutionize Workforce Management with AI
UAE-based Cercli, a workforce management platform, has secured a significant $12 million in Series A funding. The investment round was spearheaded by Picus Capital, based in Germany. This influx of capital will propel Cercli’s mission to transform how enterprises hire, manage, and compensate their global workforces using cutting-edge artificial intelligence. This news is particularly relevant to the African tech landscape, where innovative workforce solutions are increasingly sought after to optimize operations and drive economic growth.
Fueling AI Innovation and Global Expansion
Founded in 2023 by Akeed Azmi and David Reche, Cercli aims to provide a unified, AI-driven system that serves as a central hub for all workforce-related activities. The Series A round witnessed participation from prominent investors including Knollwood Investment Advisory, Y Combinator, Afore Capital, and COTU Ventures. Individual investors from OpenFX, Buk, JetHR, Truelayer, and AI71 also contributed to the funding. This financial backing will be strategically allocated to fuel product development, spearhead AI innovation within the platform, and support Cercli’s ambitious global expansion plans. The company intends to scale its platform and build its team across key markets in the MENA region, Europe, and North America.
This successful funding round demonstrates the growing investor confidence in Cercli’s innovative approach to workforce management. The company’s commitment to harnessing AI to streamline operations and enhance workforce efficiency positions it as a significant player in the evolving global employment landscape, with potential impact for African businesses seeking modern solutions.
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