HRTech startup Talview raises $6.75 Mn in Series A funding
Palo Alto based HRTech startup Talview, an AI and ML- enhanced Instahiring platform has raised $6.75M in Series A funding. Backers included Storm Ventures, Inventus Capital, Eileses Capital, and Emergent Ventures.
The startup will use the proceeds to further enhance with AI capabilities and expand globally.
Founded by Sanjoe Jose, Subramanian ‘Mani’ K, and Jobin Jose, the AI recruitment startup provides an AI and ML- enhanced Instahiring platform that allows enterprises to reduce time to hire by allowing recruiters to automate repetitive tasks. The platform combines three techniques: automation of routine recruiter tasks, enabling anytime-anywhere interviewing, and capturing and reusing data across the hiring process. This is made possible by its AI-powered video interviewing, cognitive remote proctoring, and advanced assessment solutions that leverage natural language processing, machine learning, computer vision, and video analytics capabilities.
Sanjoe Jose, CEO Talview stated, “We believe in solving for the customer; time to hire is the North Star hiring metric for enterprises and our mission is to build the fastest hiring platform ever. With this fresh round of funding, we are advancing our Instahiring platform with powerful AI technologies and machine learning models to make recruitment faster than ever before.”
Currently, Talview’s talent acquisition process has been used by global organizations such as Amazon, Deloitte, Swiss Re, Cognizant and Sephora. The company has also signed partnerships with big tech firms like Accenture, IBM, and Microsoft to take its solution to customers across the globe.
The funding comes at a time when the HR Tech space is witnessing a rising surge of investments from investors, especially the startups that are trying to solve for the recruitment space. As per HRWins by LaRocque LLC, venture firms invested $1.741 Bn in HR tech companies in the first quarter of 2019 and $1.448 Bn in the second quarter.