The AI-powered hiring solutions provider, X0PA AI announced $4.2 million in Series A funding. The investment was led by ICCP SBI Venture Partners (ISVP), with additional funding from SEEDS Capital, AI8 Ventures, XCEL NEXT VENTURES, and SASV Investments. Developed on Microsoft Azure, X0PA offers AI-powered products that look to reduce manual recruitment and selection processes with machine learning technologies.
X0PA, a Microsoft partner, plans to use the capital for global expansion beginning with Asian, US, Latin American, and European markets. This will include investments in the company’s go-to- market strategy and teams. Additionally, the newly secured funding will help support product enhancements and innovation to continue to outpace the competition in the maturity of AI models, according to the company.
The new funding comes on the back of the growth into new markets and the launch of hiring solutions. ‘Recruitment and selections can have significant bias, inequity and inefficiencies. We are looking to change the game in equitable hiring and selections by reducing unconscious bias and subjectivity leading to more diverse workplaces and better selection outcomes,' says Nina Alag Suri, Founder and CEO of X0PA AI.
The new round of funding is led by ICCP SBI Venture Partners, a joint fund between two of the oldest operating VC firms in Asia. In its home base in Singapore, X0PA also secured funding from SEEDS Capital, the investment arm of Enterprise Singapore.