Chronus

Chronus provides a software-as-a-service (SaaS) platform focused on corporate mentoring to enhance employee development and training. The company was established in 2007 by Vetri Vellore, Madhan Subhas, and Muralidharan Bhoopathy and is headquartered in Bellevue, Washington. Vetri Vellore, a serial entrepreneur, previously spent 14 years at Microsoft in various leadership roles and co-founded Chronus after identifying a need for structured mentoring in the corporate world. His experience turning around a struggling business unit at Microsoft and his passion for mentorship were key drivers in starting the company.

The firm's business model is subscription-based, offering its platform to a diverse client base that includes large global corporations, academic institutions, and non-profit organizations. Chronus targets companies looking to improve employee retention, engagement, leadership development, and diversity and inclusion initiatives. The platform is designed to be highly configurable, allowing organizations to tailor mentoring programs to their specific culture and objectives. Key features include tools to manage various mentoring formats like career mentoring, leadership development, and reverse mentoring, as well as capabilities for tracking progress and measuring the effectiveness of these programs. The software integrates with common enterprise collaboration tools such as Microsoft Teams, Slack, and Zoom to embed mentoring into daily workflows.

Chronus was initially bootstrapped before being acquired by a search fund in 2015. A significant milestone occurred in August 2021, when the company secured a $78 million growth equity investment from Level Equity, its first major institutional funding. This capital injection was aimed at accelerating product development and expanding its sales and marketing efforts, driven by increased demand for remote and hybrid work solutions. In a strategic move to broaden its offerings, Chronus acquired employee engagement platform Imperative in June 2024.

Keywords: mentoring software, employee development, SaaS, corporate training, talent management, employee engagement, leadership development, diversity and inclusion, employee retention, enterprise software, human capital management, career development, subscription model, hybrid work solutions, corporate mentoring platform, employee experience, professional development, workforce analytics, talent development, people analytics, HR technology