Ai Leadership Development Platform Praxis Labs Sells To Torch

Praxis Labs, a learning improvement platform, announced its acquisition connected Thursday for an undisclosed magnitude by nan leadership and coaching endeavor Torch. 

“As a mini institution pinch less than 20 group serving companies arsenic ample arsenic Amazon, we knew we needed to build powerful partnerships, crossed merchandise and go-to-market, to scope much companies,” co-founder and CEO of Praxis Labs, Elise Smith, told TechCrunch astir nan logic for nan sale.

She and her co-founder, Heather Shen, met Torch CEO Heather Conklin arsenic they were some already moving successful nan activity improvement space. 

“We were instantly struck, not conscionable by our shared values and mission, but besides by really we aligned connected what was needed to really future-proof nan adjacent wide workforce,” Smith continued. “There was a clear relationship and opportunity to link Torch’s contextual coaching and organizational insights pinch Praxis’ AI coaching, practice, and accomplishment assessments.” 

Heather Conklin, nan CEO of Torch Image Credits:Heather Conklin

Praxis Labs launched successful 2019 and worked pinch companies specified arsenic eBay, Zoom, Amazon, Google, and Target to build retired much equitable and inclusive workplaces done activity training and accomplishment assessments. It notably secured a $15 cardinal Series A backmost successful 2021, making Smith one of nan fewer Black women astatine nan time to raise much than $1 cardinal successful task superior funding. Investors successful that information included Emerson Collective, Steph Curry’s money Penny Jar Capital, Precursor Ventures, and Ulu Ventures. 

Smith and Shen will subordinate Torch arsenic caput of AI Growth and Head of AI Product, respectively. The Praxis squad will besides beryllium joining Torch.  

“Right now, each institution and executive squad is facing this pivotal question: really will they hole and negociate this adjacent procreation of activity pinch humans and AI, while maintaining nan quality relationship that’s basal for existent workforce and institution transformation?” she said.  

“We’re assured that joining Torch gives america nan champion imaginable opportunity to thief companies lick this mobility successful this important moment.”