Elise Smith, CEO and co-founder of Praxis Labs, is spearheading a transformative approach to enhancing workplace diversity and inclusion through virtual reality (VR) technology.
Praxis Labs, recognized for its innovative VR-based platform, has been pivotal in reshaping how companies like Google, Uber, and ServiceNow approach diversity training and inclusion initiatives.
“Our goal is to leverage technology to facilitate better human interactions, foster feedback across differences, navigate difficult conversations, and promote inclusive leadership,” Smith explained in a recent interview with AFROTECH. “The demand for these solutions in workplaces has never been greater.”
Founded with a mission to create equitable workplace environments, Praxis Labs has secured substantial funding, totaling $18.7 million to date, as reported by digitalundivided.
This includes a significant Series A funding round of $15.5 million in 2021, led by Norwest Venture Partners and Emerson Collective, among others.
Smith’s visionary leadership has earned her a place on AFROTECH™’s esteemed Future 50 list, celebrating Black leaders in technology. Reflecting on this recognition, Smith expressed gratitude for being acknowledged alongside other influential leaders who inspire her.
“AFROTECH has been a cornerstone in the Black tech community, where I found inspiration and role models,” Smith shared. “To be honored among the Future 50 is deeply meaningful, recognizing the impact of our work at Praxis Labs.”
Driven by her personal experiences and commitment to equity, Smith emphasizes the importance of building inclusive systems that empower diverse talent in the workplace.
“I’ve always been passionate about leveraging technology to scale access and opportunities,” Smith noted. “Our focus is on leveling the playing field and creating environments where everyone can thrive.”
Recently, Praxis Labs launched a groundbreaking new product featuring Generative AI-driven immersive learning experiences tailored for people leaders.
This platform offers simulations covering crucial topics such as managing divisive conversations, leading performance reviews, and navigating cross-cultural conflicts.
Early results indicate significant benefits for organizations using Praxis Labs’ solutions, with a reported 68% increase in employee retention among learners using the Pivotal Practice platform.
This impact is particularly pronounced among underrepresented groups, with 75% of Black and Latino team members expressing greater job satisfaction and likelihood to stay.
“We’re not just transforming workplaces; we’re creating lasting positive change,” Smith affirmed. “Our mission is to empower organizations to foster inclusive cultures where every individual feels valued and can thrive.”
As Praxis Labs continues to innovate, Elise Smith remains at the forefront, driving forward her vision of a more inclusive future for workplaces worldwide.
