A weekly summary of trending news & commentary for busy talent acquisition technology execs and professionals.
China “… is now embarking on an unprecedented effort to master artificial intelligence. Its government is planning to pour hundreds of billions of yuan (tens of billions of dollars) into the technology in coming years, and companies are investing heavily in nurturing and developing AI talent. If this country-wide effort succeeds—and there are many signs it will—China could emerge as a leading force in AI, improving the productivity of its industries and helping it become leader in creating new businesses that leverage the technology. And if, as many believe, AI is the key to future growth, China’s prowess in the field will help fortify its position as the dominant economic power in the world….
China’s AI push includes an extraordinary commitment from the government, which recently announced a sweeping vision for AI ascendancy. The plan calls for homegrown AI to match that developed in the West within three years, for China’s researchers to be making “major breakthroughs” by 2025, and for Chinese AI to be the envy of the world by 2030.”
Will Knight, MIT Technology Review, October 10, 2017
Jobbatical, a Tallinn, Estonia-based international job platform, raised $4m in funding. The round, which brings total funding to $7.9M, was led by Mistletoe Inc with participation from Union Square Ventures, AirTree Ventures and Tera Ventures. The company intends to use the funds to expand efforts with business partners in the Asia-Pacific. Founded in 2014 by CEO Karoli Hindriks, Jobbatical provides a platform that enables skill-based workers in software engineering, marketing and creative roles to work and live in new hubs beyond Silicon Valley, New York, and London in cities like Lisbon, Tokyo, and Tallinn. The company’s open platform has more than 100,000 users from 150+ countries.
Jobbio, an Ireland-based career marketplace, has closed a $15 million round to further its goal of uniting jobseekers with companies looking for talent. Smurfit Kappa Group, Enterprise Ireland, IIU (an investment vehicle of billionaire Dermot Desmond), and Balderton Capital founding partner Barry Maloney all threw money into the pot. The latest cash injection amounts to $10 million, which is in addition to the $5 million that kicked off the company’s series A round last September. Founded out of Dublin in 2015, Jobbio strives to differentiate itself from the myriad hiring platforms that already exist by helping recruiters and candidates connect and “sell” themselves to each other.
Jobcase, a Boston, MA-based social media platform focused on America’s workforce, raised $7m in Series A funding. The round was led by Savano Capital Partners. The company intends to use the funds to hire new people and add up to 40 more employees to its Kendall Square headquarters by summer, 2018. Led by CEO Fred Goff, Jobcase partners with companies to power hiring initiatives on both local and national levels by promoting their local talent brand within the community. The company also partners with non-profits in operating job fairs, career clinics and other training and development initiatives. Jobcase currently has a team of 115 and stands at over 75 million registered members. It is an industry affiliated partner of MIT’s Computer Science and Artificial Intelligence Laboratory, CSAIL.
Jopwell is trying to increase diversity in the workplace and announced funding of $7.5 million for its job recruitment platform, which targets black, Latino/hispanic, and Native American students and professionals. Returning investor Cue Ball Capital led this round, with participation from other existing investors Kapor Capital, Y Combinator, Omidyar Network, and Valar Ventures. New investors include SJF Ventures, Blue Ivy Ventures, and Teneo Ventures.
Sourcing, Matching, Assessing Technology
AcquireTM extends its award-winning hiring platform with the addition of Wonscore® from Wonderlic. Wonscore utilizes the latest technology to measure applicant fit-to-job while drawing upon millions of benchmark data points. AcquireTM’s state of the art talent acquisition solution combines all aspects of hiring, from applicant tracking to onboarding to background screening into one seamless platform.
Checkster Chatbot – a new collective and artificial intelligence solution – starts a new chapter for candidate screening and selection. The information the bot collects for a candidate defies any industry standard in terms of speed and compliance. The Checkster Chatbot was developed from Checkster’s experience serving Fortune 1000 companies and HR services firms and refined with millions of digital reference responses, and today brings the power of AI to allow better and faster talent decisions.
EquitySim, a technology-driven online simulation-based recruiting platform that partners with financial services firms to identify top hidden talent around the world, announced today that it has secured $3.1 million in seed funding led by leading employment tech investor University Ventures, along with Peak Ventures and 500 FinTech.
Jobs2Careers, a recruitment technology company offering data-driven job advertising solutions, announced today the launch of On Demand Talent — recruitment software that uses predictive analytics to help talent acquisition and recruiting professionals fill their open positions more efficiently. Likening the analytics to those of web and social media ads, On Demand Talent enhances Jobs2Careers’ proven record of helping companies find the best talent sources from across the web, including niche sites, associations, blogs, and local interest sites.
Talenya has launched to bring subject matter experts into talent acquisition the way Uber has brought drivers into transportation. Introduced by Gal Almog, the founder and former CEO of RealMatch, it provides recruitment training and the Talenya candidate identification and assessment system to SMEs who agree to spend at least 50% of their time on Talenya. Given its focus on dealing directly with hiring managers, the system is most likely to be used by SMBs that are anxious to cut the cost of using staffing firms and sourcers.
Standards & Best Practices
HR Open Standards Consortium has announced the candidate release of the 4.1 data exchange specifications. This release includes a JSON Assessments specification and JSON Recruiting specification. HR Open is a member-driven not-for-profit organization that provides freely available data exchange standards for the Human Resource industry.
TAprose and The TAtech Global News Bulletin are brought to you by TAtech: The Association for Talent Acquisition Solutions.
Mark Your Calendars! TAtech’s 2018 events include:
• February 12-13, 2018 Scottsdale, Arizona USA: The TAtech Leadership Summit on AI/Machine Learning in Talent Acquisition – the only conference totally focused on the capabilities and impact of AI/ML/NLP in recruitment.
• March 13-14, 2018 Dublin, Ireland: TAtechEurope 2018 – the premier event for recruitment advertising and technology thought & business leaders in Europe, the Middle East and Africa.
• April 18-19, 2018 Las Vegas, Nevada USA: The TAtech Spring Congress & Meetup – a unique conference designed to maximize opportunities for B2B networking, trending topic discussions and the exploration of partnerships and business opportunities.
• June 5-6, 2018 Minneapolis, Minnesota USA: The TAtech Leadership Summit on Programmatic Ad Buying – the only conference totally focused on the technology and applications of programmatic ad buying by both publishers and advertisers.
• September 26-27, 2018 Bourbon Street New Orleans, Louisiana USA: The TAtech Fall Congress & World Job Board Forum – the only conference that brings together the global thought and business leaders of the TA technology industry.