Lara AI raises $1.1M to help companies improve their employee experience

The Argentinian startup Lara AI has closed a $1.1M round in which Newtopia VC, 500 LatAm, FJ Labs, MrPink VC, Brazil Venture Capital, and several angel investors participated.

Lara AI is a startup that uses technology to help companies detect disgruntled or at-risk employees at an early stage of departure. The technology Lara AI developed is a conversational AI personal assistant for every employee. Companies can obtain real-time information to improve their experiences, and build a unique organizational culture.

According to Guido Kuznicki, co-founder and CEO of Lara AI:

“Remote and hybrid work has made it more difficult for companies to maintain direct contact with their employees and, essentially, their experience in the organization: whether they are satisfied with their job, whether they are seriously considering a change of position, among others.”

Lara AI also automates tasks such as answering frequently asked questions from employees, handling tickets and requests, and sending personalized communications to employees at key moments.

“Human Capital teams do not usually have the scale to track the experience of each employee and have a bottleneck when it comes to solving all their doubts and requirements. Lara AI functions as the right hand of the Human Capital team and leaders,” Alan Szpigiel, co-founder and CTO of Lara AI explained.

Now, the company is now looking to consolidate its presence in Mexico and expand throughout Latin America.

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