Acorn Raises $12.3 Million to Launch Capabilities AI, Revolutionizing Corporate Learning

Acorn, a Vancouver-based performance learning management system (PLMS) provider, has raised $12.3 million in Series A funding, led by Level Equity. The investment will facilitate international expansion, product enhancement, and the establishment of strategic partnerships. Acorn’s platform uses AI to automate personalized development plans for employees, featuring over 1,600 capabilities and 4,800 proficiency levels. It aims to enhance engagement and align learning with business objectives by focusing on specific capabilities rather than generic skills. The newly launched Capabilities AI tool further streamlines this process, enabling the rapid creation of capability frameworks. CEO Blake Proberts emphasizes the shift from traditional, low-engagement training methods to relevant, actionable learning that propels performance. Senior analyst Grace Savides notes that companies are increasingly integrating eLearning with performance management to address the skills gap and accelerate growth. Acorn’s model seeks to redefine learning management by connecting competencies with measurable outcomes.

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