The company will also adopt a new name to better communicate
its capabilities as an HR SaaS platform for the Supply
Chain
NEW
YORK, June 24, 2024 /PRNewswire/ -- Wilya,
formerly known as Gig and Take, an innovative B2B SaaS company
transforming traditional HR practices in the manufacturing and
supply chain sectors, announced today the successful close of a
$4 million seed funding round. The
round was led by Ironspring Ventures, with participation from
Schematic Ventures, Plug & Play Ventures, Iron Prairie
Ventures, Motivate Ventures, and 25Madison. This funding milestone
underscores both the growing recognition of Wilya's cutting-edge
approach to flexible work and skills digitization, and the
company's rapid commercial growth.
In addition to the funding news, Wilya is excited to
announce its rebranding. "We are taking on the #1 issue for
manufacturers through a novel technology solution, informed by our
backgrounds in HR and tech," said Rahil
Siddiqui, Founder and CEO of Wilya. "Wilya offers a unique
combination of integrated tools to introduce and manage closed
pools of skilled, frontline industrial workers, and we are eager to
expand on our early successes with this fresh capital and exciting
new partners. Our new name also better reflects the increasing
capabilities of the SaaS platform as we help our customers be more
strategic in scaling up and down their skilled labor in a volatile
economy."
With this new injection of capital, Wilya will accelerate the
development and deployment of its software solutions, further
expand its market reach, and add product features to address the
unique human capital challenges in the supply chain.
"Labor shortages remain a critical issue within US
manufacturing, and Wilya's platform is enabling manufacturers
across the US to make great gains in productivity and efficiency by
modernizing how factories identify skill sets and deploy their
existing workforce," said Ty
Findley, Co-Founder & General Partner at Ironspring
Ventures, who will join the Wilya board. "With depth in HR and
manufacturing, this could not be a stronger team to understand
these challenges. And when paired with impressive 400% commercial
growth over the past year, we couldn't be more excited to partner
with Rahil and team."
Wilya's intuitive SaaS platform is tailor-made for the needs of
frontline supervisors in manufacturing, warehousing and
distribution industries. The software provides a 'skills operating
system' which can be operationalized to facilitate efficient
allocation of skills and resources while promoting a more flexible
approach to work. With Wilya, companies can better manage and
increase productivity of existing full-time labor and introduce
flex-worker pools - reducing the cost and complexity of expensive
contract workers and forced overtime.
Nearly 50% of manufacturers say they have turned down work due
to lack of labor, and experts predict factories will be short more
than two million workers by 2030, costing $1
trillion in productivity. With recent US legislation,
including the CHIPS Act, IIJA, and IRA, spurring manufacturing
activity across the country, it is clear new solutions are needed
to address labor challenges in this sector.
"With so many highly-skilled workers retiring and younger
employees pursuing roles that provide flexibility of when, how
much, and what they work on, the pixelated workforce has officially
arrived in the Supply Chain function," said Andy Biladeau, Chief Transformation Officer,
Society for Human Resources Management (SHRM). "Fortunately, Wilya
has developed an elegant solution to help manufacturers and
distributors easily track and deploy real-time their cross-skilled
workers in this dynamic, ever-evolving labor environment." SHRM
Labs is an investor in Wilya.
About Wilya
Formerly known as Gig and Take, Wilya was founded with the
mission to revolutionize the manufacturing sector by enabling
flexible workforce solutions. The company was born out of firsthand
experience with the rigid and often inefficient workforce
structures prevalent in the industry. The founding team, leveraging
their extensive background in manufacturing and HR, identified the
need for a technology that could help factories manage a flexible
workforce efficiently. Wilya's innovative SaaS software platform
aims to create a win-win situation for both factories and workers
by facilitating a more dynamic and engaged workforce. The company's
dedication to transforming traditional HR practices has been
recognized with multiple accolades, including the prestigious MHI
Innovation Award.
For more information about Wilya, visit
https://www.wilya.com
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SOURCE Gig and Take