Phenom Honored by Goldman Sachs for Entrepreneurship

PHILADELPHIA — October 16, 2024 — Today, Goldman Sachs (NYSE:GS) is recognizing Phenom’s CEO and Co-founder Mahe Bayireddi as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California.

Goldman Sachs selected Bayireddi from multiple industries to be honored at the two-day event. 

Bayireddi is a visionary AI entrepreneur and the CEO and Co-founder of Phenom, a global technology company that delivers AI-powered talent experiences for Human Resources. Built for the purpose of helping a billion people find the right work, Bayireddi has been at the forefront of leveraging intelligence and automation to ensure organizations can hire faster, develop better and retain longer.

Under Bayireddi’s leadership, Phenom has become one of the most recognized AI companies dedicated to serving the specific needs of HR professionals, while having the largest offering and adoption of GenAI. A pioneer in applying AI to solve HR’s toughest challenges for strategic talent acquisition and talent management, Bayireddi has spearheaded groundbreaking innovations that are reshaping the industry. His work includes: developing advanced natural language processing and machine learning models for personalized job recommendations; creating proprietary ontologies and enterprise talent graphs for highly contextual skills gap analysis; integrating generally available and proprietary models to build HR-specific GenAI into workflows for content generation at scale; and engineering AI agents for enhanced candidate and employee engagement and recruiter and manager productivity.

In addition to laying the foundation for AI in HR, Bayireddi has been spearheading skills-based hiring and talent development. By driving innovations around skills as the cornerstone for a deeper understanding of industry trends, candidate capabilities, and employee possibilities, he has firmly established the benefits of moving to a skills-based talent strategy — helping forward-thinking global organizations launch a holistic solution for acquiring and growing talent.

Bayireddi has co-founded several successful technology companies, each pushing the boundaries of AI applications in various industries, and continues advising some of the world’s largest global brands on HR strategies. His visionary approach to AI in HR has positioned Phenom as a key player in the global AI ecosystem and one of Inc. 5000’s fastest-growing private companies for five consecutive years.

“I am thrilled to recognize Mahe Bayireddi as one of the most exceptional entrepreneurs of 2024,” said David Solomon, Chairman and CEO of Goldman Sachs. “Mahe and the Phenom team have built an impressive business that continues to grow at scale. We look forward to bringing this year’s cohort together to share insights on topics ranging from the evolving geopolitical landscape and accessing new pools of capital to using the power of storytelling to reach new audiences.”

In its 13th year, Goldman’s Builders and Innovators Summit is the can’t miss gathering for Founders and CEOs of high growth companies. Previous honorees have gone on to lead multi-billion dollar companies, both in the private and public markets. In addition to honoring the most exceptional entrepreneurs each year, the Summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.

To learn more about Phenom, visit www.phenom.com.

About Phenom

Phenom has a purpose of helping a billion people find the right work. Through AI-powered talent experiences, employers use Phenom to hire and onboard employees faster, develop them to their full potential, and retain them longer. The Phenom Intelligent Talent Experience platform seamlessly connects candidates, employees, recruiters, talent marketers, talent leaders, hiring managers, HR and HRIT — empowering diverse and global enterprises with innovative products including Phenom X+ Generative AI, Career Site, Chatbot, CMS, Talent CRM, X+ Screening, Automated Interview Scheduling, Interview Intelligence, Talent Experience Engine, Campaigns, University Recruiting, Contingent Talent Hiring, Onboarding, Talent Marketplace, Workforce Intelligence, Career Pathing, Gigs, Mentoring, and Referrals.

Phenom has earned accolades including: Inc. 5000’s fastest-growing companies (5 consecutive years), Deloitte Technology’s Fast 500 (4 consecutive years), five Brandon Hall ‘Excellence in Technology’ awards including Gold for ‘Best Advance in AI for Business Impact,’ Business Intelligence Group's Artificial Intelligence Excellence Awards (3 consecutive years), and a regional Timmy Award for launching and optimizing HelpOneBillion.com (2020).

Headquartered in Greater Philadelphia, Phenom also has offices in India, Israel, the Netherlands, Germany and the United Kingdom.

For more information, please visit www.phenom.com. Connect with Phenom on LinkedIn, X, Facebook, YouTube and Instagram.

About Goldman Sachs

Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.