Erudit AI secured €600k from DraperB1, Encomenda, Archipelago Next and Bizrupt

Erudit AI, a Madrid, Spain-based developer of SAAS for HR, announced the completion of a €600k ($660k) capital invstment round.

The money was provided by a range of investors from Spain and Mexico, including DraperB1, Encomenda, Archipelago Next and Bizrupt and included a previous 200k euro Bbooster funding announced at the end of 2019.

Erudit AI, founded in 2019 by Alejandro Martínez and Ricardo Michel Reyes, develops AI-powered SaaS Software for organizational analysis. The software uses machine learning models, focused on the study of personality, mental health and the work environment.

Prior to this round, Erudit AI raised $500k in 2019.