Jenina Ibañez · · 1 min readIndian AI-powered recruitment firm bags $4.2m in seed money
India-based BarRaiser, an AI-powered platform focused on hiring and interviewing job candidates, has raised US$4.2 million in a seed funding round led by 021 Capital and Global Founders Capital, with participation from angel investors.
BarRaiser team | Photo credit: BarRaiser
BarRaiser uses AI to speed up hiring by scheduling interviews with one of its 800 “subject matter experts” and offering detailed assessment reports to recruiters. It also offers interview templates, auto-scheduling, and data-backed analytics.
So far, the company has conducted 30,000 technical interviews for more than 250 companies worldwide. Based on these interviews, BarRaiser’s proprietary tech uses more than 200 data points to assess candidates and generate a percentile score based on their skills.
The startup will use the fresh funding to expand its presence and hire more engineers and data scientists to meet the demand for its product.
“This financing round will help us expand our reach and make additional investments in tech that helps close the gap between talent and opportunity,” said Avinash Saxena, co-founder and CEO of BarRaiser.
See also: A list of India’s unicorns and their early investors
Editing by Miguel Cordon and Lorenzo Kyle Subido
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