Top 10: AI-based Recruiting software

Updated: August 01, 2023

AI for recruiting is a transformative approach that leverages artificial intelligence and machine learning technologies to enhance and streamline various aspects of the hiring process. This innovative solution enables recruiters to automate repetitive tasks, such as resume screening, candidate sourcing, and interview scheduling, saving valuable time and resources. AI-powered algorithms can analyze large volumes of candidate data, identify patterns, and assess candidate qualifications to recommend the most suitable candidates for specific roles. Additionally, AI for recruiting can improve candidate experience by providing personalized communication and feedback throughout the hiring journey. By optimizing the recruitment process, AI not only helps organizations identify top talent more efficiently but also ensures fair and unbiased candidate assessments, ultimately leading to better hiring decisions and the creation of diverse and high-performing teams. Some of the most popular AI-based recruiting platforms are listed below.

See also: Top 10 Recruiting software

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.


2021. Turing books $87M to help source, hire and manage engineers remotely



Turing, a company that leverages AI to remotely source, assess, recruit, onboard, and manage engineers, including HR and compliance aspects, through its comprehensive "Talent Cloud" platform, has successfully raised $87 million in Series D funding. Turing's future plans involve expanding into related domains such as project management, laying the foundation for a forthcoming product that enables companies to engage complete teams on the Turing platform, rather than managing individual team members separately.


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. 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).


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. 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. Zoho Recruit got AI assistant



Zoho has introduced the latest version of its recruiting software, Zoho Recruit, which incorporates the AI assistant Zia. Zia recognizes candidates as individuals with career profiles, moving beyond simply analyzing keywords in their resumes. This advanced understanding enables Zia to identify the most suitable candidates for job openings by matching their experiences, skills, and proficiencies with the specific requirements of the position and assigning them appropriate grades. Additionally, Zoho Recruit has introduced a Vendor Portal feature, allowing recruiters to invite third-party recruitment agencies to submit candidates for open positions directly into the database. Recruiters can provide these agencies with self-service access to track the progress of their submitted candidates.


2018. Workday acquired AI-HR-startup Rallyteam



Workday has recently completed the acquisition of Rallyteam, a startup specializing in assisting companies in retaining skilled employees by matching them with more stimulating internal opportunities. Workday's objective is to assimilate the Rallyteam team into its engineering unit, bolstering its machine learning initiatives and leveraging the extensive expertise the startup has accumulated in connecting employees with engaging internal projects. As a provider of a SaaS platform for human resources and finance, Workday finds the Rallyteam approach highly aligned with its business scope and objectives.


2017. Google launched recruiting service Hire


Google has introduced a new service called Google Hire, designed to enhance the internal recruiting process for businesses. Similar to other alternatives, Google Hire offers a comprehensive applicant tracking service that seamlessly integrates with G Suite, enabling businesses to communicate with candidates and effectively monitor their progress throughout the interview process. Earlier this year, Google launched the Google for Jobs initiative, along with a job search feature integrated into Google Search, to assist job seekers in finding suitable employment opportunities. Now, Google is introducing this new tool to aid businesses in managing their candidates. However, the feature that remains absent is the ability for businesses to manage job postings directly, including the option to post them directly to Google's new jobs widget in Search. While Google has developed an AI-powered job search engine, it has chosen to collaborate with major online job boards rather than pursuing this functionality.


2017. Zoho Recruit adds all new Assessments module


The Assessment module is now available as a pre-screening tool in the online recruiting app Zoho Recruit. With this feature, you have the ability to generate pre-screening questions and link them to the candidate application form. This tool facilitates the process of matching specific questions to each candidate based on their desired position.


2016. Hiring service SmartRecruiters raises $30 million



Because the task of managing a large pool of job applicants can be burdensome, SmartRecruiters, an AI-powered recruiting service, believes that its software offers the necessary tools to maintain organization during the candidate search process. Currently, SmartRecruiters has secured an additional $30 million in funding, on top of the $25 million already raised. Noteworthy clients such as Square, Atlassian, and Equinox gyms utilize SmartRecruiters to streamline job postings and facilitate communication regarding potential employees. Despite facing competition from other hiring software platforms like Jobvite and Brassring, the developers of SmartRecruiters are confident that there is ample room for multiple players in the market, given the high demand for hiring assistance among countless companies.


2015. AI-based recruitment service Connectifier raises $6M



A few weeks ago, LinkedIn unveiled a new iteration of its recruitment product, enabling HR teams to identify potential hires who closely align with the profiles of existing employees they admire. However, LinkedIn wasn't the pioneer in leveraging search technology, machine learning, and "entity recognition" to enhance and streamline the hiring process. A relatively smaller startup called Connectifier introduced a similar product earlier this year and has now secured $6 million in funding to further develop its platform. The progress made by Connectifier (with LinkedIn following suit) highlights an evolution not only in recruitment software but also in the broader realm of vertical search.