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Hiretual Raises $13 Million Series B Led By Oceanpine Capital to Build The Next Generation of AI Recruitment Technology

AI-powered recruitment chief proclaims new funding and upcoming plans for enhanced patented expertise and Customer Success packages.

MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–August 13, 2020–

Hiretual, the main AI-powered recruitment software program, as we speak introduced it has raised $13 million in Series B financing led by Oceanpine Capital, bringing its whole funding to $23 million. With over 100,000 recruiters utilizing the platform, Hiretual shall be scaling its industry-leading AI-powered expertise information system to repeatedly remodel expertise acquisition.

Launched in 2015, Hiretual is the pioneer of AI-driven expertise sourcing. By turning the open internet right into a recruiting platform that’s repeatedly enriched with recent information, Hiretual helps companies lower their sourcing time by as a lot as 80%. Through integrations with greater than 90% of ATS suppliers in American and European markets, it’s a expertise information middle that helps companies take advantage of knowledgeable hiring selections whereas shortening the hiring cycle and driving expertise acquisition prices down.

“The recruitment industry is no longer transactional, it is a system that spans across different business platforms to build genuine relationships between companies and the available job market,” stated Hiretual CEO, Steven Jiang. “Businesses as we speak can’t afford to let their recruiters spend all their time on administrative duties that distract them from offering an actual candidate expertise. Hiretual shall be doubling its patented expertise to assist organizations construct a centralized supply of structured candidate information that takes care of itself. “

Hiretual has constructed the world’s largest Talent Knowledge Graph to assist over 700 companies together with 37 Fortune 500 firms. The launch of Hiretual TalentFusion™ this 12 months launched a community of deep two-way ATS integrations with Workday, Oracle Taleo, SAP SuccessComponents, IBM Kenexa and extra to assist high-volume hiring by high enterprises. Through these partnerships, Hiretual’s AI engine creates a loop of candidate information that’s continually aggregated, cleaned and up to date inside the hiring tech stack.

As organizations brace themselves for financial restoration, there may be nonetheless a powerful demand for certified expertise to equip companies for digital transformation and shift shopper habits. Hiretual’s buyer information exhibits a 60% improve of candidates being moved ahead in hiring levels between April and July of this 12 months. Through Hiretual’s AI-powered sourcing, contact-finding and ATS rediscovery capabilities, hiring groups can have extra entry to high quality expertise who can meet enterprise calls for.

“Hiretual is already a leader in the space of AI-driven talent sourcing and they have enhanced their technology tremendously over the past year to build an enterprise-grade system that hiring teams can depend on during economic highs and lows,” stated Dave Chenn, Founding Partner at Oceanpine Capital. “With their Talent Knowledge Graph, they are changing the game to emerge as the top talent data platform for large enterprises and smaller businesses to drive organizational growth.”

To amplify Hiretual’s dedication to serving to firms overcome hiring challenges which might be particular to them, the corporate shall be increasing its Customer Success packages to construct a hiring expertise that’s data-driven with out expertise roadblocks.

About Hiretual

Hiretual is an AI-powered candidate information engine to centralize all recruiting efforts for hiring groups large and small. Experience quick and easy AI Sourcing throughout 750M+ profiles on the open internet, construct customized engagement campaigns with intensive market insights and rediscover previous profiles in your database with clever information enrichment. For extra data, go to hiretual.com.

Winona Rajamohan
(669) 225 3493
[email protected]

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