Top 10 Recruiting and hiring software

Latest news about Recruiting and hiring software

2022. HR platform WorkTorch raises $2.2M seed round



WorkTorch, previously known as QuickHire, has recently secured $2.2 million in seed funding. Since its launch in April, the company has amassed a substantial pool of over 40,000 active job seekers within the service industry, facilitating at least 1,000 monthly interviews through its platform. With its rebranding, WorkTorch introduces a career development portal for users to track their professional growth and connect with like-minded individuals. Furthermore, employers gain access to new retention tools, enabling them to analyze national and regional data trends and receive valuable feedback from their employees regarding their current work experiences. These enhancements aim to foster stronger connections and provide valuable insights for both job seekers and employers within the service industry.


2022. Calendly acquires Prelude to drive into the recruitment sector



Calendly has gained recognition for its tools, which are utilized by over 10 million individuals to schedule appointments, coordinate meetings, and plan events involving multiple participants. While competing with industry behemoths like Google and Microsoft, who strive to become the primary platforms for both work and leisure planning, Calendly is now taking steps to accelerate its own progress. The company recently completed the acquisition of Prelude, a specialist in automating scheduling and organization related to job recruitment. This move demonstrates Calendly's focus and strategic direction, as it aims to develop more specialized products tailored to specific industries, starting with HR. This marks a departure for Calendly, as it initially established itself as a scheduling powerhouse by offering a versatile toolkit accessible to all individuals, irrespective of their needs.

2022. Ashby lands $21.5M to automate key aspects of recruiting



Ashby, a newly unveiled recruitment platform, has successfully raised $21.5 million in equity financing. Ashby aims to revolutionize the recruitment process by leveraging advanced algorithms, particularly in the areas of scheduling and profiling. By utilizing AI-powered algorithms, the platform automates the task of finding suitable interview times for both interviewers and candidates. Additionally, it can infer demographic data, such as gender and ethnicity, which clients can utilize for aggregate diversity, equity, and inclusion (DEI) hiring metrics analysis. Ashby streamlines recruitment tools for companies with significant employee numbers, providing automation for tasks like sourcing and scheduling. These features prove particularly beneficial for lean recruiting teams.


2022. Fetcher raises $27M to automate aspects of job candidate sourcing



Fetcher, the talent acquisition platform formerly known as Scout, has successfully concluded a Series B funding round, raising $27 million. Fetcher's platform seamlessly integrates with ATS products, Gmail, and Outlook through a Chrome extension, enabling recruiters to directly source candidates from LinkedIn. By utilizing prebuilt email workflows, Fetcher filters jobseekers and provides analytics on various levels, including progress towards diversity objectives at the individual, team, position, and company levels. The platform also incorporates predictive modeling, automatically assessing the level of interest from job candidates based on their responses. Additionally, Fetcher employs "automated sourcing" in the background, facilitating the progression of applicants through vetting processes via automated emails.


2022. Byteboard nabs $5M seed to change the way engineers get hired



Byteboard, a startup specializing in engineer hiring, has recently announced the successful completion of a $5 million seed round. Byteboard offers a software-based solution that enables companies to replace traditional pre-on-site technical interviews with project-based interviews. This innovative approach facilitates faster and more positive hiring processes, delivering streamlined and practical assessments. Byteboard goes beyond transforming evaluation methods; it also prioritizes minimizing bias by anonymizing the data provided to hiring managers. By focusing solely on skills and abilities, without any knowledge of the candidate's appearance, Byteboard ensures a fairer assessment until an in-person interview is scheduled. With this funding, Byteboard aims to further develop its platform and continue revolutionizing the engineer hiring landscape.


2021. HR tech startup Sense raises $50M



Sense, an HR tech startup that assists some of the world's largest staffing and recruitment agencies in efficiently discovering and hiring talent, has achieved a valuation of $500 million through a recent financing round of $50 million. Sense specializes in serving blue-collar workers and supports companies in effectively managing the entire lifecycle of their workforce. By employing automation, artificial intelligence, and personalized screening processes, this startup has attracted more than 600 customers, including prominent organizations such as Amazon, Sears, Vaco, and Kenny, who rely on the Sense platform to streamline their hiring operations. According to internal data provided by Sense, customers experience a remarkable average increase of 263% in the number of candidates they can screen using the platform, while also reducing the time required to fill roles by up to 81%.


2021. Maritime recruitment platform Seafair gets $5.7M



The individuals working on shipping vessels play a crucial role in global trade. However, they often encounter outdated and opaque hiring practices, lacking transparency regarding essential aspects such as compensation and working conditions aboard the ships where they may spend months. To address these issues, a maritime recruitment platform called Seafair was developed. Seafair aims to revolutionize the industry by implementing a solution that thoroughly screens seafarers and shipping operators. Leveraging advanced matching algorithms, the platform ensures that crew members are appropriately matched with suitable vessels. By considering factors such as background, skills, and performance, Seafair streamlines the process of filling vacancies, making it more efficient. Additionally, Seafair provides vessel operators with human resources software, facilitating the consolidation of data that is typically dispersed across various ERP platforms and spreadsheets. This integration helps eliminate data silos and enhances operational efficiency. At present, Seafair primarily focuses on senior officer positions, including chief engineers and ship masters. These roles necessitate meticulous tracking of certifications and training, making them a priority for the platform. Through its innovative approach, Seafair seeks to modernize maritime recruitment, fostering greater transparency, efficiency, and reliability within the industry.


2021. Remote hiring startup Deel raises $425M



Deel, a startup specializing in payroll, compliance tools, and related services to facilitate remote hiring for businesses, has experienced an extraordinary surge in demand. Deel asserts that it enables businesses to swiftly hire employees and contractors in under 5 minutes, without requiring a local entity. Moreover, it offers the capability to pay teams in over 120 currencies with a simple click, providing companies with enhanced flexibility and convenience.


2021. Recruiting operations platform ModernLoop lands $3.3M



ModernLoop, an innovative startup dedicated to addressing the challenges of technical recruitment, has recently secured $3.3 million in funding. Traditionally, recruiters have relied on manual processes using spreadsheets to manage the hiring journey. However, ModernLoop revolutionizes this approach by automating numerous repetitive tasks. Additionally, it efficiently schedules and balances the workload of interviews, ensuring the participation of the right individuals while promoting diversity among interviewers. The platform goes beyond automation and also provides interviewer training through shadowing experiences. Furthermore, it facilitates seamless communication and coordination through Slack, ensuring that both the company and candidates have access to all the necessary information for interviews.


2021. Recruiting platform Gem raises $100M



Gem, the company that revolutionizes proactive hiring practices by enabling companies to engage with talent through various methods such as sending targeted emails, hosting events, running branded email campaigns, and investing in ad campaigns, has secured $100 million in Series C funding. Gem has gained significant traction among large enterprises and is now planning to expand internationally into Western Europe and select regions in the Asia Pacific within the next year. The company aims to utilize the new funding to enter new markets and strengthen its sales and marketing efforts. With a customer base exceeding 800, Gem proudly serves over 100 fellow unicorns, including esteemed organizations like Gusto, Sift, and Cockroach Labs. Over the past year, Gem has witnessed remarkable growth, tripling its revenue and doubling its customer base.


2021. CodeSignal secures $50M for its tech hiring platform



Technical assessment company CodeSignal has recently secured $50 million in Series C funding. This funding will enable the company to introduce new features to its platform, further enhancing its ability to assist companies in making data-driven hiring decisions by effectively evaluating and testing engineering talent. CodeSignal, established in 2015, serves as a self-driving interview platform that focuses on directly measuring skills, irrespective of a candidate's background. Similar to how individuals need to pass a driver's test to obtain a license, CodeSignal's technical assessment technology acts as a "flight simulator for developers," providing candidates with a simulated evaluation of their skills and delivering a score along with highlighted strengths. This innovative approach ensures a fair and comprehensive assessment of candidates' technical abilities, empowering companies to make informed hiring choices.


2021. Workstream’s text-based recruitment tool gets a $48M



Workstream, a startup addressing recruitment challenges for hourly workers, has raised $48 million in a Series B funding round. In a competitive landscape of recruitment software, Workstream has distinguished itself by focusing on text-based recruiting. This approach is particularly beneficial for front-line and deskless workers who may not have company-issued email addresses, making them disconnected from traditional communication channels. By leveraging text messaging, Workstream provides real-time updates to workers on the go, improving their engagement throughout the recruitment process. This mobile-centric approach has also proven advantageous for employers, reducing time-to-hire by reaching candidates where they already are.


2021. Dover raises $20M to bring the concept of ‘orchestration’ to recruitment



Dover, an innovative company in the field of recruitment, has successfully raised $20 million. Dover's primary offering is a cutting-edge "recruitment orchestration platform" designed specifically for recruiters. Its platform enables recruiters to effectively manage and consolidate multiple candidate pools, automating the process of sourcing suitable job candidates. Additionally, Dover assists in streamlining outreach efforts by utilizing tools that automatically rewrite job descriptions, as well as generate recruitment and rejection letters. Leveraging the power of artificial intelligence (AI), Dover taps into various platforms such as LinkedIn, Indeed, and Triplebyte (with a primary focus on the tech industry) to identify candidates that align with specific job openings within a company. By combining AI capabilities with an understanding of recruiters' requirements and any additional parameters they set (e.g., diversity screening), Dover ensures the creation of candidate pools that align with a company's inclusion targets.


2021. Localyze raises $12M for a SaaS that supports cross-border hiring and relocation



Localyze has secured $12 million in funding for its SaaS platform that facilitates staff relocations and cross-border hiring. The startup recognizes that the surge in remote working, accelerated by the pandemic, has contributed to increased demand for employee relocations as individuals reassess their preferred physical locations. Localyze's SaaS solution aims to streamline administrative tasks related to immigration, such as visa applications, work permits, residence permits, and registration. Additionally, it offers assistance with housing and banking arrangements in the destination country. Noteworthy companies like Free Now, Trade Republic, Babbel, Thoughtworks, Tier Mobility, DeepL, Forto, and Personio are already among Localyze's esteemed clientele.


2021. Beamery raises $138M for its operating system for recruitment



Beamery, a company that has developed a comprehensive "talent operating system" for managing the entire talent lifecycle, including sourcing, hiring, retention, and talent analysis, has successfully raised $138 million in funding. Beamery's integrated platform, referred to as a "talent graph," offers an end-to-end solution that covers various aspects of talent management. The platform encompasses tools for sourcing candidates, enabling users to create their own job boards to attract potential candidates organically. Additionally, it leverages external job boards, including LinkedIn, the professional networking platform owned by Microsoft, which prominently features "Talent Solutions" as one of its core business offerings. Beamery's solution provides a wide range of services to cater to the diverse needs of organizations in the talent management space.


2021. Canvas (rebranded Jumpstart) lands $20M to help find diverse talents



Jumpstart, a diversity recruitment platform, has expanded its scope and rebranded as Canvas. Additionally, the company has successfully secured a new $20 million funding round. The startup's fresh approach emphasizes that building diverse teams is not solely a matter of corporate social responsibility. In today's business landscape, diversity and inclusion have become a competitive advantage and a strategic priority for all companies. Thus, every company should have a Diversity Recruitment Platform (DRP). Canvas offers a Software-as-a-Service (SaaS) solution that is entirely virtual and relies on self-reported data. According to the startup, approximately 87% of candidates on its platform voluntarily disclose their demographic information, which is seven times higher than the industry standard. Canvas also empowers companies to target specific priority groups and talents by applying filters to more than 75 self-reported candidate data points.


2021. Datapeople raises $8M to make recruiting more equitable



Datapeople, a startup focused on promoting equitable recruiting practices, has announced that it has successfully raised $8 million in funding. The company's flagship product, known as "Language Analytics," analyzes job postings and offers suggested edits to customers, helping them attract a more diverse pool of applicants. In addition, Datapeople is soon launching "Recruiting Analytics," a service that provides a comprehensive overview of a company's overall recruiting efforts. This recruiting-focused software service will track diversity data, such as the rate at which job postings attract women compared to similar positions, and offer other data-driven insights and reporting.


2021. Fetcher raises $6.5M to automate parts of the recruiting process



Fetcher, a startup dedicated to streamlining the recruitment process and promoting candidate diversity, has successfully raised $6.5 million in Series A funding. Fetcher offers automation solutions that simplify recruiters' tasks, particularly in candidate discovery and initial outreach via email. Fetcher's targeted outreach emails have yielded an impressive response rate, as they are tailored to the right candidates. The company follows a "human in the loop" approach where the initial outreach is automated, but the recruiter personally engages in conversations with the candidates who respond. By automating both sourcing and outreach aspects of recruitment, Fetcher significantly reduces the time recruiters spend searching for candidates, enabling them to focus on strategic and impactful activities. Additionally, Fetcher actively contributes to building robust and diverse talent pipelines for companies.


2021. SeekOut, a profitable diverse hiring startup, has raised $65M



SeekOut, a startup dedicated to assisting talent acquisition teams in recruiting "hard-to-find and diverse talent," has secured $65 million in funding. SeekOut has developed an AI-powered talent search engine and leverages "deep interactive analytics" to curate a vast database with hundreds of millions of profiles. The platform utilizes natural language processing and machine learning technologies to scour public data and comprehensively understand the expertise of each candidate. This enables SeekOut to construct a complete 360-degree view of each potential employee. To achieve this, SeekOut consolidates information from various sources, including public profiles, GitHub, research papers, patents, employee referrals, alumni networks, and candidates in applicant tracking systems (ATS).


2021. HiPeople picks up $3M seed to automate recruiting reference checks



HiPeople, an HR tech startup headquartered in Berlin, has successfully secured $3 million in seed funding. HiPeople aims to revolutionize the reference checking process through automation. The company focuses on creating a seamless user experience for recruiters and providing "verified, in-depth reference checks" that can be trusted. By leveraging HiPeople's platform, recruiters can collect, on average, twice the amount of references for a candidate in just half the time. Traditionally, reference checks have been underutilized due to their manual nature and limited application mainly reserved for executive hiring. HiPeople is revitalizing the concept of reference checks by reimagining the process, resulting in enhanced talent insights and empowering organizations with a more efficient and effective reference checking solution.


2020. iCIMS acquires video recruiting startup Altru for $60M



Enterprise recruiting company iCIMS has recently made an announcement regarding its acquisition of Altru. iCIMS provides a "talent cloud" utilized by over 4,000 employers for attracting, engaging, and hiring new employees, as well as supporting the career growth of current employees. Altru plays a crucial role in the initial stages of the recruitment process by assisting companies in maintaining connections with highly promising candidates and generating enthusiasm for potential job opportunities.


2020. myInterview raises $5 million for its video-based job recruitment platform



Based in Australia, myInterview aims to revolutionize the recruitment process by integrating videos as a crucial component. Their platform allows candidates to upload video responses to interview questions, offering a dynamic approach to assessing applicants. Additionally, myInterview offers recruiters the option to leverage myInterview Intelligence, a suite of machine learning-based tools that assist in creating shortlists for competitive job openings. With over 2,000 companies utilizing myInterview, its presence is predominantly felt in the United States and the United Kingdom. Prominent clients, including online supermarket Ocado, retailer B&M, and P&O Ferries, have embraced the platform. Companies using myInterview create a dedicated portal, where they present a list of questions and prompts for applicants to respond to via video. Applicants have the flexibility to review and re-record their responses before submitting them. Upon submission, myInterview generates a transcript with tags, enabling recruiters to easily navigate and evaluate the responses.


2020. Willo, a freemium video interview SaaS, scores $320k



Willo, a video interview startup based in Scotland, has secured a seed round of funding totaling £250,000 (~$320k) as the demand for its asynchronous Q&A style video platform surged during the COVID-19 lockdown. Since April, when the UK implemented a nationwide lockdown to curb the spread of the novel coronavirus, the platform has experienced a monthly growth rate of at least 80%. In addition to video interviews, customers have discovered new applications for the product, such as reviews, training, and learning and development, as the pandemic accelerated the adoption of remote working practices. Currently, Willo provides an interface that enables employers to pose questions for candidates or staff members to respond to via recorded video. All videos are stored in a dashboard for convenient review and sharing purposes.


2020. Swyg raises $1.2M to use peer-interviewers and AI to reduce bias in recruitment



Swyg, a startup based in Dublin, has secured $1.2 million in pre-seed funding for its belief in reducing bias in recruitment. The company achieves this by combining a peer-interview process with its own AI. The platform addresses the desire of the majority of job candidates to receive feedback from their time-consuming interviews. Swyg's solution involves putting candidates through an interview process where they interview each other via a series of one-to-one video chats using predefined structured questions. This peer-to-peer approach leverages the knowledge and perspectives of a diverse group of individuals, rather than solely relying on a single recruiter or hiring manager.


2020. Welcome raises $1.4M to streamline the hiring process



Welcome, the platform focused on offer management and closing, has recently announced a successful fundraise of $1.4 million. The company's service aims to provide candidates with a comprehensive understanding of their total compensation, enabling them to make informed decisions when accepting or rejecting offers. Welcome is addressing a significant pain point in the current offer acceptance process, which often involves inefficient methods like emailing PDFs and passing candidates between different departments. The company has witnessed strong initial interest from potential customers, indicating a promising market opportunity. While Welcome's service is currently in a private alpha phase, which has garnered more demand than expected, the company has not yet implemented pricing for its offering. Going forward, Welcome plans to adopt a SaaS model, with pricing determined based on the size of the subscribing companies, a strategy that appears reasonable in the market.


2020. Employment verification startup Truework raises $30M to help you verify person work history



In the current global landscape characterized by increased social distancing, organizations are actively seeking safe and efficient methods to operate their services. Truework, a platform that focuses on securely verifying individuals' work details, has recently secured $30 million in funding. Truework addresses the challenges associated with the cumbersome and often insecure processes traditionally used by organizations to verify employment information. Vital details such as salary, workplace, and job description play a significant role in various financial transactions, including securing mortgages, obtaining financing loans, or renting apartments. Additionally, Truework's services cater to other parties, such as staffing agencies, who require accurate verification of such information for their respective purposes.


2020. Zenjob gets $30M for its digital staffing service



Berlin-based recruitment startup, Zenjob, has successfully concluded a €27 million ($30M) Series C funding round. Zenjob, established in 2015, offers a digital platform that connects students with flexible temporary jobs in various sectors including retail, logistics, and hospitality. The company, now planning its initial expansion into international markets, recognizes an opportunity amidst the coronavirus crisis, as social distancing measures create a demand for additional staff in specific sectors. In addition to facilitating job matching, Zenjob's platform streamlines administrative tasks for employers seeking temporary workers to fill seasonal or short-term vacancies, including handling billing processes.


2020. Mya Systems gets $18.75M to keep scaling its recruitment chatbot



Hiring chatbot Mya Systems has successfully concluded an $18.75 million Series C funding round. Mya Systems utilizes conversational AI to streamline the recruitment process, specifically targeting agencies and large enterprises with high-volume hiring needs in sectors such as retail and warehousing. Through its mobile app, the chatbot engages with applicants, conducting comprehensive screenings and scheduling over 400,000 interviews with "qualified and interested" candidates. Mya Systems has also prioritized seamless integration with various recruitment tools, including CRM, ATS, and HRIS systems. This integration enables compatibility with platforms like Bullhorn, Workday, and SAP SuccessFactors, enhancing the overall recruitment experience.


2019. Jumpstart nabs $8.5M for a recruitment platform that aims to increase diversity



Jumpstart, a platform enabling organizations to access a broader range of carefully curated candidates through its advanced algorithms, has secured $8.5 million in funding. The company's primary focus lies in facilitating the hiring process for entry-level and early-stage "knowledge worker" positions, including engineering internships, junior-level marketing roles, and business analysts. Notably, Jumpstart has successfully connected individuals with renowned companies such as Akamai, Adobe, Twitch, Lyft, Pinterest, and many others. This development aligns with the current landscape of online recruitment, where platforms like Handshake, Jumpstart, and others are seizing the opportunity to leverage the unique dynamics of the industry. Established players like Indeed and LinkedIn, along with emerging giants like Facebook, are utilizing their significant resources to attract qualified applicants, while simultaneously offering applicants access to a diverse range of job opportunities.


2019. Fountain, a platform for recruiting gig and hourly workers, raises $23M



Fountain, a platform dedicated to finding and evaluating candidates for field roles (specifically non-office jobs requiring physical activity), has successfully raised $23 million. This funding will be utilized to further expand the platform, enhance the range of services offered to customers, and extend its geographical reach. Fountain has already achieved considerable scale, currently processing over 1 million candidate applications per month and successfully filling approximately 150,000 job positions. The company's capabilities extend beyond candidate sourcing, as it has developed engines to acquire candidates through various channels, including traditional job boards, social media platforms, a company's own website, and more. Fountain also offers assistance with candidate screening, interview scheduling, background checks (outsourced to third-party providers), candidate communication, paperwork management, and ultimately, the onboarding process.