Marvin OnumonuCiphr has taken a stake in MyTeamBuilder, a UK software startup offering personalised AI-powered coaching for businesses.
Ciphr customers now have access to AI coaching aimed at improving team productivity and performance.
MyTeamBuilder uses practical psychology to support team cohesiveness and employee engagement.
Its AI coaching tool is designed to help businesses facilitate better understanding, communication and collaboration between team members.
A Ciphr survey found regular training and upskilling is a top priority and challenge for HR leaders.
MyTeamBuilder’s subscription-based model aims to offer employers consistent training for employees, while controlling costs.
For users, MyTeamBuilder acts as a personal AI coach providing confidential, data-driven coaching and resources at any time.
Managers receive real-time insights and advice based on team members’ personality types, helping them adapt their management approach.
Organisations can also access live mood tracking and topic analysis, with weekly anonymised insights on coaching activity and team engagement.
The investment from Ciphr will support MyTeamBuilder’s development and expansion among HR audiences.
As part of the deal, Ciphr’s CEO Sion Lewis and CFO Ray Berry have joined the MyTeamBuilder board.
Lewis said: “AI – done well – is an enabler. It can help surface invaluable workforce insights that can inform data-driven decision-making and, importantly, help organisations find better ways of working together.
“And that’s at the heart of everything we do at Ciphr – empowering organisations and their people with the tools they need to grow and succeed.
“We all have unique personalities and strengths that we bring to a role.”
Lewis added: “The most successful organisations recognise the importance of leveraging that value – and playing to those strengths.
“MyTeamBuilder is a fantastic tool. It helps managers to better support their people, drive collaboration, and help them to do their best work.
“This is an exciting investment for Ciphr, and we’re looking forward to working with Bill and his team to bring the benefits of their innovative AI-coaching solution to even more organisations.”
Bill McAneny, founder of MyTeamBuilder, said: “With MyTeamBuilder, we think we have developed something truly groundbreaking.
“Traditional coaching can be episodic and cost prohibitive.
“But our AI tool is always there. It’s a coach for everyone, that can help people develop in their role and work better together. It helps organisations bring out the best in their people.”
McAneny added: “Ciphr is the perfect partner to take this out into the market and the right organisation to help MyTeamBuilder to grow.
“We’re really excited about this opportunity to help organisations change how their employees, managers and teams are supported in the workplace.”
