TMCnet News
Hiretual Launches Globally; Announces $5M Series A Funding Led By Northern Light Venture Capital
MOUNTAIN VIEW, Calif., Sept. 12, 2018 /PRNewswire/ -- Hiretual (https://www.hiretual.com/), the AI-driven technology company and a recruiter's best friend, today announced a $5 million Series A funding round led by Northern Light Venture Capital, bringing the company's total funding to date to $6.5 million. Founded in April 2015, Hiretual has been quietly building and scaling its technology, which is already in use by more than 80K recruiters from more than 200 companies, including globally recognized Fortune 500 brands. Hiretual will leverage the new funding to accelerate growth and scale its operations and AI-powered HR technology. "Since the birth of the World Wide Web in 1991, a new hiring tool has emerged every few years: Monster.com, a searchable professional directory appeared in the market in 1994, and was followed in 2002 by LinkedIn, a professional network that helped find people you already know. Hiretual is an AI-first company that prioritizes making data more intelligent and 'recruitable', creating an entirely different and highly targeted recruitment tool," said Steven Jiang,CEO and co-founder of Hiretual. "Searching on a traditional sourcing platform might list 6,000 software engineers in response to a search. Hiretual drills deeper and identifies candidates with the most relevant skills and experience –saving recruiters dozens of sourcing and recruiting work hours on every new hire." Glassdoor reports the number one obstacle in the hiring process is a shortage of candidates, while GetAppLab's 2017 survey revealed that more than 40 percent of recruiters report the biggest challenge they face is a shortage of candidates. Hiretual addresses this challenge by unleashing the power of the unstructured internet to create a candidate sourcing base that is much larger (700M) than current sourcing platforms such as LinkedIn (562M) or Indeed (200M).Hiretual's AI-powered search functionality goes beyond Boolean and keyword search to tap into the 'dark matter' of undiscovered talent and professional data on the web – turning the internet into a recruiter's database. Hiretual also seamlessly integrates with a recruiter's existing ATS (Applicant TrackingSystem) and CRM (Candidate Relationship Management), to refresh, enrich and re-discover candidate data. How Hiretual Works "We see Hiretual as the next innovative leap for recruiters, an enterprise-grade, professional, AI-driven tool that proactively matches the best candidates to the right position up to 10 times faster than the status quo," said Lei Yang, Managing Director, Northern Light Venture Capital and new Hiretual board member. "The tremendous growth experienced by Hiretual over the course of less than a year very clearly validates the market demand for AI-powered HR technology." AboutHiretual Currently trusted and used by more than 80K recruiters from more than 200 companies including Fortune 500 and globally recognized brands, Hiretual is a privately held company headquartered in Mountain View, California and backed by Northern Light Venture Capital. Follow us on Facebook, Twitter and LinkedIn, or learn more at https://www.hiretual.com. All trademarks contained herein are the property of their respective owners.
View original content:http://www.prnewswire.com/news-releases/hiretual-launches-globally-announces-5m-series-a-funding-led-by-northern-light-venture-capital-300711074.html SOURCE Hiretual |