Yardstik Raises $30 Million to Monitor Workers After They’re Hired
Companies run background checks once, and that’s only on the first day. But fraud, licence expirations, and criminal issues don’t stop after hiring. To close that gap, Yardstik raises $30 The post Yardstik Raises $30 Million to Monitor Workers After They’re Hired appeared first on Ventureburn .
Yardstik, a Minneapolis-based company, has raised $30 million in Series B funding to monitor workers continuously after they are hired. This comes after the company announced raising a total of $65 million so far. The funding was led by Harbert Growth Partners, with participation from existing investors Rally Ventures, MissionOG, Crosslink Capital, Grotech Ventures, and Great North Ventures.
Yardstik aims to address the issue of workforce fraud, which can go unnoticed for up to a year after hiring. Traditional background checks only occur once, and there is almost no visibility into potential issues that may arise later. With AI making it easy to fake documents, the need for continuous monitoring has become crucial.
The company's "Human Trust Platform" offers three key areas of focus: fraud prevention, monitoring, and credential management. This includes tools like Detect AI™ to spot synthetic identities, payment fraud, and SSN anomalies, daily scans of driving records, government ban lists, and criminal records, and automated alerts for expiring licenses, insurance, or certifications.
With the new funding, Yardstik plans to expand its engineering and go-to-market teams to scale its platform and add more monitoring capabilities. The company also aims to expand beyond North America into the UK and continental Europe. CEO Andrew Johnson envisions continuous verification as the foundation of every trust program, rather than a premium add-on.
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