Summary:
Praxis Labs, an AI leadership development platform, acquired by Torch for an undisclosed amount
Merger combines AI coaching with contextual coaching to future-proof the workforce
Praxis Labs co-founders Elise Smith and Heather Shen to lead AI initiatives at Torch
Founded in 2019, Praxis worked with Amazon, Google, and Target to promote inclusive workplaces
$15 million Series A in 2021 made Smith one of the few Black women to raise over $1 million in VC
Praxis Labs, a pioneering AI leadership development platform, has been acquired by Torch, a leader in leadership and coaching solutions. This strategic move marks a significant milestone in the evolution of corporate learning and development.**
The Acquisition Details
The acquisition, announced recently, brings together Praxis Labs' innovative AI coaching and skill assessments with Torch's contextual coaching and organizational insights. The deal amount remains undisclosed, but the implications for the future of workforce development are clear.
Why This Merger Matters
- Elise Smith, co-founder and CEO of Praxis Labs, highlighted the synergy between the two companies: "We were immediately struck by our shared values and mission."
- The merger aims to future-proof the workforce by integrating AI-driven learning with personalized coaching.
A Look Back at Praxis Labs
Founded in 2019, Praxis Labs quickly made a name for itself by partnering with giants like Amazon, Google, and Target to foster more equitable and inclusive workplaces. The company's $15 million Series A in 2021 was a landmark achievement, notably making Smith one of the few Black women to raise over $1 million in VC funding at the time.
The Future Under Torch
With the acquisition, Smith and her co-founder Heather Shen will take on key roles at Torch, focusing on AI growth and product development. The entire Praxis team is set to join Torch, promising an exciting new chapter in AI-enhanced leadership training.
Image Credits: Heather Conklin
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