CIBC Innovation Banking provides funding to British unicorn Beamery

Beamery, a London-based startup, has received a corporate debt financing package from CIBC Innovation Banking to support its growth towards profitability. Founded by Abakar Saidovat, Beamery's AI-driven talent management platform is utilised by many Fortune 500 companies and offers an end-to-end solution for sourcing talent, increasing retention, and developing employee skills. The platform's skills-based approach bypasses traditional CV-based hiring, aiming to address talent shortages in a tight labour market. With over 250 employees and a 2022 unicorn valuation of over $1bn, the company will use the new funding to enhance its services and meet growing client demand for its talent lifecycle solutions.