VoloMetrix has raised $3.3 million in series A financing, money that the Seattle startup will use to continue developing an online service which helps make organizations more efficient by pinpointing where workers are spending their time. Total funding in the company, which is led by by former Bain & Company employee Ryan Fuller, now stands at $4.9 million.
“Across many of their corporate functions, large organizations are looking for tools to help them better align people resources with their most important business priorities,” said Fuller in a release.
As I noted last year at the time of our Startup Spotlight profile on VoloMetrix, the upstart reminds me a bit of RescueTime, which is designed more for how RescueTime is geared more to how individuals spend their time in front of the computer.
“While there are other analytics solutions on the market that analyze information from individual social networks, only VoloMetrix looks at data across the entire collaboration platform – including email, calendars, social networks, instant messaging, etc. to provide a holistic and integrated view into the way people are really working against the biggest business priorities at an organization,” the company said via email when asked about competition.
The company’s backers include Shasta Ventures and others. It employs 10, with plans to nearly double in the coming months.