The investment follows a string of acquisitions for the ECI-backed HR tech group in the last few years, as it continues to strengthen its customer proposition. Over 1,400 organisations globally use and rely on Ciphr’s integrated HR, payroll, benefits, eLearning, and recruitment software and services. Now they can also benefit from AI coaching to help amplify their team’s productivity and performance.

Founded in 2023, MyTeamBuilder is an innovative AI coaching tool, backed by practical psychology, for all employees, not just executives. It was created to help businesses improve team cohesiveness, and support employee engagement and retention, by facilitating better understanding, communication and collaboration between team members.

Thanks to advanced machine learning, MyTeamBuilder grows more insightful with each coaching interaction. Simply put, the more people use their personal AI advisor, the more the system learns and the more useful it becomes to them.

The strategic growth investment from Ciphr will help MyTeamBuilder to further develop its AI and machine learning technology and bring the platform to a wider HR audience. Ciphr’s CEO Sion Lewis and CFO Ray Berry have joined the board as part of the deal.

Sion Lewis, CEO of Ciphr, says: "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."

Bill McAneny, organisational psychologist and founder of MyTeamBuilder, says: "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."

A special Ciphr webinar showcasing MyTeamBuilder, featuring the company's CEO Bill McAneny and CTO Lee Green, ran on 11 November. The recording is available to watch on demand.