Curated Intel from the Talent Tech Industry
April 24-30, 2023:
• Scaling up skills-based hiring: CV Wallet raises $1.1M in angel investment in just two weeks;
• Showcasing job seekers: Recruiter.com intros Candidate Pitch to convert resumes into profiles;
• Blasting off in Europe; EuroJobsites acquires Space-Careers to add to its STEM properties;
• Introducing a sign of things to come: Dropbox to cut workforce by 16% to hire new AI talent;
• Enhancing its bona fides: True acquires Jopwell to add a DEI solution to its talent services.
PLUS
• If you’re in the job board or talent technology business and tired of seeing your company treated like a second-class subset of HR Technology, you deserve the recognition and support you’ll receive at TAtech North America & The World Job Board Forum, coming up in Austin, Texas USA on May 22-24, 2023. It is the only conference totally dedicated to your bottom-line success in the North American market. The content and connections it delivers will accelerate your sales, reinforce your brand and give you a sustainable competitive advantage in the market. So, don’t delay; register today.
CV Wallet raises $1.1 million in angel investment
CV Wallet, the skills-based hiring platform that harnesses the latest Web3 and AI technologies, has raised $1.1 million in an angel investment round. This gives the business, known as Resume Wallet in the US, a pre-revenue valuation of over $7 million. The start-up secured the funding in just two weeks, with the oversubscribed round closed early, following overwhelming interest. This is despite a tech funding crisis, which may last into 2024 according to experts. The round has been supported by a small number of angel investors, all of whom had previously invested in ClickIQ, the programmatic recruitment advertising start-up. This was the earlier venture of CV Wallet founders, Richard and Beverly Collins. The duo sold it to Indeed in June 2019 just 800 days after launch. They’re now expanding CV Wallet, which for the first time brings together jobseekers, employers, and assessors, to enable skills-based sourcing at scale in a way that’s fit for purpose in today's world of work. By utilising the latest Web3 and AI technologies, CV Wallet’s mission is to create a fairer, more efficient and trusted hiring ecosystem. Having just brought its team in-house, the plan is to use the funding to further CV Wallet’s jobseeker tools and rapidly develop its employer products and assessment provider partnership program.
Recruiter.com Launches AI-Driven Candidate Pitch Web Application
Recruiter.com Group, Inc. ("Recruiter.com") is excited to announce the beta launch of Candidate Pitch, a groundbreaking app powered by OpenAI's ChatGPT. The app instantly converts resumes into captivating professional career profiles using artificial intelligence ("AI"), streamlining the job search process and enabling job seekers and recruiters to create persuasive text-based summaries that showcase unique skills and experience. Upon uploading a resume to the app, the cutting-edge AI-driven platform rapidly pinpoints vital skills and experience, crafting a tailored professional summary. Users can then effortlessly adjust the tone and voice of their pitch, capturing their personality and accentuating their strengths. The app's job-matching feature empowers users to seamlessly adapt their summary to align with job descriptions, guaranteeing a perfect fit with each position's distinct requirements.
EuroJobsites acquires Space-Careers.com to expand leadership position in European job boards for senior STEM candidates
EuroJobsites, the leader in niche jobsites, is pleased to announce the acquisition of Space-Careers.com to add the leading space-industry niche jobsite to its portfolio of adjacent recruitment solutions in science, technology, and engineering. Being in an ultra-targeted niche, Space-Careers.com (founded by Pierre Oppetit) adds extensive value to EuroJobsites with its audience of highly qualified and experienced candidates. Recruiters using other EuroJobsites properties like EuroEngineerJobs will now be able to access these specialised candidates. Lars Peter Svane, founder and CEO of EuroJobsites, stated that “We have built the EuroJobsites family of quality Europe-wide niche jobsites over the last 20 years, including research science, engineering, and tech. By adding Space-Careers.com, we strengthen our access to niche recruitment in the growing sector of aerospace and space engineering. Pierre’s insider knowledge is reflected in the site’s clear focus. We are proud to be able to continue his work maintaining that focus, while leveraging our candidate reach in the European engineer, tech, and science areas and, of course, adding EuroJobsites' targeted marketing and quality customer service into the mix.”
Dropbox to cut workforce by 16%, hire new talent for AI-powered products
Cloud storage provider Dropbox Inc said on Thursday it would reduce its global workforce by 16% to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. San Francisco, California-based Dropbox is the latest tech company to tap AI as Big Tech players from Microsoft Corp to Facebook-parent Meta Platforms Inc battle for a slice of the fast-growing market with new products and offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pressure on customers, making some of its profitable investments no longer sustainable. At the end of 2022, the company had 3,118 full-time employees, of which 2,583 were located in the United States. The company said it had shifted some employees from one team to another to focus on its AI projects, but would need more talent with a different mix of skill sets, particularly in AI and early-stage product development.
True Acquires First and Leading Diversity & Inclusion Tech Company Jopwell
True, the premiere global platform of innovative talent management products and services, announced today it is acquiring Jopwell, a hiring platform focused on advancing the careers of Black, Latinx and Native American students and early-to-mid-career professionals. Jopwell perfectly complements the executive-level recruitment focus of True Search and sister organization AboveBoard. This holistic offering solidifies True as the leading technology and services firm for advancing diversity, equity and inclusion in leadership. Jopwell CEO Ryan Williams and Executive Chairman Porter Braswell will continue to lead the company as a business unit within True Platform. Jopwell’s 130,000 community members, 96% of which self-identify as Black, Latinx, and/or Native American, can access opportunities from partners across a list of well-known brands including American Express, BlackRock, Bloomberg, Deloitte, Citi, Google, and Johnson & Johnson.
Get the Recognition & Support You Deserve
If you’re in the job board or talent technology business and tired of seeing your company treated like a second-class subset of HR Technology, you deserve the recognition and support you’ll receive at TAtech North America & The World Job Board Forum, coming up in Austin, Texas USA on May 22-24, 2023. It is the only conference totally dedicated to your bottom-line success in the North American market. The content and connections it delivers will accelerate your sales, reinforce your brand and give you a sustainable competitive advantage in the market. Whether your company is a niche or general job board, aggregator, talent marketplace, programmatic platform, conversational AI solution, chatbot, ATS, recruitment marketing solution, recruitment advertising agency, CRM platform, interviewing or assessment system or talent technology consultancy, this event will supercharge your company. So, don’t delay; register today.