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Press Release
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Aura intelligence becomes an independent powerhousein workforce analytics after successful incubation byBain & Company’s Founder’s Studio
Leveraging SaaS expertise for global growth: Aura Intelligence, Inc. spins out from Bain's Engine 2 Founders Studio with a proven workforce analytics platform
May 20, 2024 – Following three years of incubation within Bain & Company's Engine 2 Ventures and having successfully been leveraged on over 1000 consulting engagements, AuraIntelligence, Inc. announces its spinout from Bain & Company as an independent company.Aura is poised to expand its reach and influence now as a standalone company.
Aura, a SaaS platform, provides a cost-effective and easy solution to overcoming the complex and cumbersome process of gathering and developing workforce analytics and insights.
Aura was conceived and engineered within Bain's Engine 2 Founders Studio to address the growing demand from its clients to leverage consolidated, granular, and actionable workforce insights. In 2023 alone, Aura's sophisticated analytics were instrumental to over 500 Bain clientsacross diverse industries and locations, underscoring the platform's value. Aura is emerging asa proven, reliable and vetted product, having demonstrated its value to reduce risk, enhance profitability, and generate savings in both money and time for Bain and its clients.
Quick to deploy, intuitive to use, and delivering results at an unprecedented pace, Aura is set to dramatically change the way companies access and apply workforce insights and analytics.
"Seeing Aura emerge as an independent force in workforce analytics is a testament to our commitment at Bain & Company to foster innovation and nurture groundbreaking solutions.Aura's success story, from its conception within Bain’s Engine 2 Founders Studio portfolio to becoming a standalone entity, exemplifies our dedication to advancing the frontiers of technology and management practice. We are proud of what Aura has achieved and excited to watch it redefine the landscape of workforce insights on a global scale." - Ron Kermisch, Head of Bain & Company's Founders Studio.
The spinout of Aura aligns with Bain & Company's tradition of fostering innovation and propelling forward-thinking startups toward independence. This strategic move will enable Aurato expand its client base and enhance its product offering and capabilities even further.
With the goal of independent growth and expansion, Aura Intelligence is open for business to offer its solution to the world.
"We are thrilled to see Aura take this next step," said Evan Sohn, CEO of Aura Intelligence,"The success of Aura within Bain's ecosystem has been remarkable, and we are confident that as an independent entity, Aura Intelligence will continue to soar to new heights, driving the future of workforce analytics."
For more information on Aura Intelligence, Inc. and its offerings, please contact: info@auraintel.com
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About Engine 2 Ventures
Engine 2 Ventures is building Bain’s next generation of innovative software and data businesses based on our unique expertise around NPS®, talent development, ESG, and more. It’s where we incubate new ideas to help Fortune 1000 companies grow and support Engine 2 businesses with funding, talent, and go-to-market expertise.
About Bain & Company
Bain & Company is a global consultancy that helps the world's most ambitious change-makers define the future. Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today's urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a platinum rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 1% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.
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NEWS: Aura has officially spun-out of Bain & Company - Video - Press Release