Curated Intel from the Talent Tech Industry
April 3-8, 2023:
• Writing a new chapter for recruiters: SeekOut introduces sourcing solution based on ChatGPT;
• Seeding the cloud with more capability: Radancy acquires advanced CRM solution Ascendify;
• Sitting on the sidelines: VCs pull way back on the pace of their investments in Q1 of 2023;
• Getting more user friendly: German networking platform XING restructures to be more intuitive;
• Connecting employers with diverse candidates: Blavity launches SaaS platform Talent Infusion.
• Making business-building connections in the TAtech Deal Center is a central feature of TAtech North America & The World Job Board Forum, coming up in Austin, Texas USA on May 22-24, 2023. It affords you the unique opportunity to network with others working in job board and talent technology businesses and to explore partnerships and alliances, product integrations and other deals that will help to advance your company’s success. So, don’t delay; register today.
Introducing SeekOut Assist, ChatGPT for Recruiters
SeekOut, the leading Talent Intelligence Platform, today announced the availability of SeekOut Assist, a new generative AI technology based on OpenAI’s GPT that will revolutionize how recruiters find and engage candidates. The new capabilities will empower recruiting teams to go from a job description to initial contact with qualified candidates in a matter of moments. “Our customers are under immense pressure to hire the right candidates quickly,” said Claire Fang, Chief Product Officer at SeekOut. “SeekOut Assist will help recruiters work faster and smarter, with more time to focus on the human side of recruiting.” The initial launch of SeekOut Assist can find qualified candidates for a role based on a job description and create personalized candidate outreach messages.
Radancy Expands Industry-leading Talent Acquisition Platform Offering with Advanced CRM Capabilities
Radancy, the leader in global talent acquisition software, announced today that it has acquired Ascendify, adding value to the Radancy Talent Acquisition Cloud through advanced candidate relationship management (CRM) capabilities. This acquisition enhances Radancy's suite of solutions focused on helping enterprises find the talent they need to strengthen their business. Talent technology has traditionally consisted of individual point solutions involving manual processes and ad hoc tools. The Radancy Talent Acquisition Cloud offers a single, integrated, end-to-end platform that automates the candidate recruitment process to help organizations source, engage and hire qualified talent with more effective and cost-efficient outcomes. The Talent Acquisition Cloud provides a secure and scalable platform, supported by data-driven insights and AI to deliver consistent and optimized experiences across all candidate touchpoints. "In a market of siloed products and processes, we're excited to become a part of the Radancy Talent Acquisition Cloud," said Matt Hendrickson, CEO of Ascendify. "With the acquisition, Radancy adds Ascendify's valuable CRM-based recruiter tools to further enhance its comprehensive platform, including advanced sourcing functionality, workflow automation, interview scheduling and event management to augment its industry-leading platform and candidate marketing capabilities."
Global VC Funding Falls Dramatically Across All Stages In Rocky Q1, Despite Massive OpenAI And Stripe Deals
Venture and growth investors in private companies continued to scale back their investment pace in the first quarter of 2023, Crunchbase data shows. Global funding in the first quarter reached $76 billion — marking a 53% decline year over year from $162 billion in the first quarter of 2022. That’s even including a reported $10 billion investment into OpenAI — largely from Microsoft — and a $6.5 billion round for payments giant Stripe. Without those two large deals, Q1 venture funding would have been down even more dramatically, close to $60 billion. Every funding stage last quarter was down 44%-54% year over year, a clear signal that the slowdown is not confined to late-stage funding. Investors across each stage scaled back as they took time to assess new investment opportunities while guiding existing portfolio companies.
XING restructures to boost user experience
German professional networking platform, XING has launched an updated version of the site to enhance the user experience. Under the strap line ‘Networking made easy!’, the new XING was developed to improve its usability and provide professionals with a more intuitive and effective platform. It features simplified navigation to help users quickly find the contents they are looking for. Stefan Gross-Selbeck, CEO at XING, said: “We’ve completely revamped XING, which now resembles a mobile application. That’s no coincidence – the rapid growth and popularity of mobile apps have had a major impact on the needs of online users. A clear and streamline design is key to meeting these needs, and that’s precisely what the new XING now offers. This allows us to provide our members with a platform where it’s even easier to generate new contacts and get involved in what’s going on.” The restructuring also focused on boosting interaction among users by introducing a new ‘What’s new in your network’ feed as a central pillar of the platform. It also displays a new ‘My XING’ bar that enables users to have direct access to key information such as profile, massages and groups.
Blavity Inc. Launches Talent Infusion, First-of-Its-Kind Diverse Recruiting Tool, Powered by AfroTech
Blavity Inc. - the corporation that builds solutions for Black and multicultural audiences and enterprises who want to reach them - announces the launch of its first-ever software as a service (SaaS) platform, Talent Infusion. Powered by Blavity Inc.'s tentpole AfroTech brand, Talent Infusion builds upon the company's mission to fuel inclusivity across all businesses by connecting employers with a pool of diverse candidates. Talent Infusion helps enterprise organizations find diverse candidates for hard-to-fill roles by increasing the talent pipeline. The automated Diversity, Equity, and Inclusion (DE&I) sourcing tool provides employers with a curated, diverse list of resumes that help match engaged job seekers with potential employers. While access to this talent pool was previously reserved for AfroTech brand partners only, Talent Infusion is now available to all enterprise organizations through an annual subscription.
Doing Deals is at the Center of TAtech North America
The TAtech Deal Center is a central feature of TAtech North America & The World Job Board Forum, coming up in Austin, Texas USA on May 22-24, 2023. The conference provides plenty of worldclass content, of course, but the Deal Center adds a whole additional level of value. It provides conference attendees with a place to meet and talk about partnerships and alliances and product integrations and to explore deals that could accelerate their market growth and profitability. Whether your company is a 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 is specifically designed to advance your bottom-line success. So, don’t miss this unique opportunity to supercharge your company. Register today.