Vault Platform will join 14 additional ventures from around the world in a multi-year collaboration to help align the future of work with social equity.
Monday, September 28, 2020 – After a rigorous selection process involving hundreds of companies across the globe, Vault Platform has been selected to join 14 growth-stage ventures in the second Unreasonable FUTURE program. Unreasonable FUTURE is a unique multi-year collaboration between Fossil Foundation, Pearson, Accenture and Unreasonable Group, bringing together disruptive innovators and entrepreneurs to design a future in which people and technology work side-by-side to solve workplace challenges and unlock human potential everywhere.
The second annual cohort of ventures will include companies creating the future of learning and up-skilling, so underserved youth and those whose jobs are being replaced by technology will find pathways to new opportunities in the digital era. The portfolio also includes entrepreneurs using disruptive technologies to maximize human potential in the workplace of tomorrow. By bringing them together, the goal is to rewrite the narrative of what it means for all humans to thrive in a new, more equitable economy.
Vault Platform exists because there is a growing trust gap between employees and employers. Black Lives Matter shows us that discrimination and racism are still rife at work and the MeToo movement revealed that sexual harassment is still commonplace. Inequality and discrimination based on race, gender, or sexual orientation persist, costing companies millions every year settling the few court cases that see daylight. More companies lose billions every year due to other unethical behaviors such as fraud, bribery, and corruption.
Misconduct in its many forms is everywhere and Vault Platform is pioneering a new category of workplace technology – TrustTech – dedicated to solving this major problem for enterprise compliance, risk, and HR. Designed to enable a culture where it is safe to speak up, the Vault app creates a confidential space for employees to submit records of misconduct they experience or witness.
With an enterprise-grade case management hub and insights dashboard, Vault Platform is key to driving out harmful workplace behaviors from discrimination and harassment through fraud and corruption. This mitigates significant financial, reputational, and resource risks for any organization.
“The pandemic has forced enterprises to fundamentally change the way they do business, accelerating existing trends in remote working, fast-tracking the adoption of AI and changing the employer-employee relationship. This combined with the recent social disruptions, demanding for amongst other things a more equitable diverse workforce, are issues which need to be addressed more urgently than ever before.” Daniel Epstein, founder and CEO of Unreasonable Group said. “Unreasonable FUTURE is bringing together a hand-picked portfolio of entrepreneurs leveraging advanced technologies to ensure future generations thrive in the new economy. It’s an honor to have the opportunity to support these outstanding ventures to help design a future that will work for everyone.”
“About 75% of workplace misconduct is unreported and that number is getting bigger as the pandemic increases pressure on people to ignore bad behaviour. But a toxic work environment can quickly tear a company apart and it’s increasingly clear behaving ethically is good for business. Employees, governments, and customers are demanding integrity from the brands they work for and buy from,” said Neta Meidav, CEO and co-founder, Vault Platform.
“Vault Platform is showing companies they don’t have to rely on legacy systems that leave them blind to misbehaviour and can establish a working environment that promotes zero tolerance to misconduct.”
Unreasonable envisions a world in which the most valuable and influential companies are those solving humanity’s most pressing challenges. Through running worldwide immersive programs for growth-stage entrepreneurs, unique partnerships with multinationals, a globally-oriented private equity fund, an extensive international community of serial business leaders as mentors, and advanced storytelling and media activities, Unreasonable is designed to exclusively support entrepreneurs positioned to bend history in the right direction. Currently, Unreasonable works with 162 entrepreneurs who support the jobs of more than 170,000 people and who are actively impacting the lives of over 260 million individuals across more than 180 countries. They have raised over $2.3 billion dollars in funding and generated more than $1.8 billion in revenue. For more, visit www.unreasonablegroup.com.