Curated Intel from the Talent Tech Industry
September 20-26, 2021:
• Talenya launches Engagement AI(tm) to automatically source & contact potential candidates;
• Hiration raises $3M in seed funding to put human resume writers out of business;
• Job aggregator Adzuna is reportedly panning an IPO on the London Stock Exchange;
• Brazen launches Sourcing Marketplace to drive more candidates to virtual hiring events;
• Crosschq extends its Series A round to top off at $30M and fuel growth of data-driven hiring.
PLUS
• The TAtech Talent Technology Buyer’s Guide is a one-of-a-kind resource for recruiters. The only database available to talent acquisition teams that features solution providers with both state-of-the-art products and business practices they can count on.
AI leader Talenya Launches Sourcing Tool for Candidate Engagement
Talenya, the provider of the world’s most advanced, AI-powered talent sourcing and diversity solutions, announced the release of Engagement AI(tm): a first-of-its-kind, fully automated talent sourcing solution. It automates candidate sourcing and engagement to increase the interview pipeline for employers by 3X and shorten time-to-hire by 45%. As recruiters and HR teams struggle to find talent in an increasingly competitive market, Engagement AI(tm) saves hours of work by automatically sourcing and contacting potential candidates, allowing more time for interviews and connection. Talenya’s data scientists spent four years developing the GDPR-compliant technology to enable talent acquisition teams to fully automate talent sourcing, with a focus on diverse talent.
Hiration secures nearly USD 3 Million in a funding round
California headquartered, AI-based career platform, Hiration announced that it raised nearly USD 3 Million in a funding round. The funding round was led by Venture Highway, Y Combinator and Prime Venture Partners. The startup plans to use the capital raised in scaling its operation, develop its products in the markets of India and the US. It also plans to hire talented workforces to grow the platform further. Hiration is using AI and ML to help job seekers …create resumes from scratch with little to no human intervention. Not only are these resumes much easier to create, but they are also in fact better than ones authored by humans since they are built for humans and software alike that are evaluating them for hiring positions. Hiration dreams of helping job seekers in all aspects of their job search process. They also have an impressive roster of world-class universities, job boards and companies using their technology,” said Amit Somani, Managing Partner, Prime Venture Partners.
U.K.-based job vertical Adzuna planning $137M IPO
U.K.-based job aggregator Adzuna is planning to list on the London Stock Exchange with a valuation of up to £100 million ($137 million U.S.), according to a report in British newspaper The Telegraph. The AIM listing will be run by global asset manager Investec. The news was reported after a letter went out to 500 crowdfunding investors who invested £2 million in Adzuna in 2015 for 8% of the business. An AIM listing offers companies the chance to raise capital for future growth both at the time of the listing and through further issues at a later date. The Telegraph reports that the letter from equity investment platform Crowdcube states that Adzuna is looking for a valuation of “at least £70 million” and cites sources that suggest the final valuation will be between £80 million and £100 million.
Brazen Launches Sourcing Marketplace to Scale the Power of Virtual Hiring Events
Brazen, the leading virtual event and recruitment platform, announced the release of its new Sourcing Marketplace to help recruiting teams drive more qualified candidates to virtual hiring events. This first-of-its-kind combination will give customers a better way to find and attract qualified candidates and improve recruitment outcomes. Through a diverse network of sourcing partners, Brazen handles the event promotion, delivering new, qualified and engaged sources of talent to register for events. This enables hiring teams to focus on hosting great events without worrying about turnout. Brazen is excited to offer this product to customers as part of its new and growing Marketing Solutions. Brazen's Sourcing Marketplace includes some of the biggest drivers of candidates in the industry, from niche to expansive sources, and from professional to hourly. Because hiring events are marketed specifically as events, not job ads, customers get qualified, engaged candidates who are interested in learning more about their organization – even passive candidates who aren't ready to apply are more likely to register for a virtual event.
Crosschq Secures $30M in Tiger Global Led Series A Financing
Crosschq, pioneers of the Talent Intelligence Cloud(tm) powering a revolution in data-driven hiring and people analytics, announced today an extension to its Series A financing bringing the total round to $30 million. Led by Tiger Global, this $16.5 million expansion included returning investors GGV Capital, Bessemer Venture Partners, SAP.iO, rocketship.vc, and new investors including Jack Altman, current CEO of Lattice. Over the past year, Crosschq’s Talent Intelligence Cloud(tm) has rapidly been adopted by talent leaders across all core sectors. In the last month alone, users of Crosschq’s platform have nearly doubled, up by 86%. In addition to attracting major players in the Enterprise Tech, Fin-Tech, and Media industries including Snowflake, Blend, Hubspot, and Dish Networks, the company has recently expanded solutions in the Life Sciences and Health Care sectors. Adoption by new customers including Carbon Health, CityBlock Health, and Hengrui, China’s largest pharmaceutical company, reflects this growing market segment for the company.
A Talent Technology Buyer’s Guide Recruiters Can Count On
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