Through the magic of AI, recruitment processes are becoming expediated with improvements on how people are hired with the help of AI-enhanced algorithms to execute time-consuming and boring administrative tasks. Additionally, the technology can determine whether a potential candidate has the personality to fit into the culture of the recruiting company.
Now, although AI and other forms of Deep Tech won’t necessarily replace the human aspect of recruitment, it will certainly augment existing practices and make the whole process — for both recruiter and the recruited — a much better and more pleasant experience.
The Deep Tech Insider will now look at four of the best representatives of this in the industry.
1. Gigster (acquired by Ionic Partners)
Part of Y-Combinator’s Summer 2015 class, Gigster was founded in 2014 by Roger Dickey and Debo Olaosebikan and is based in San Francisco. Gigster’s data-driven platform helps companies develop software applications with the speed of a startup, coupled with the quality and expertise of the most innovative global talent.
In May 2021, Gigster announced that it had been acquired by Ionic Partners, an Austin-based firm that buys and operates enterprise software businesses.
Prior to the acquisition, the startup had received total funding of $32.5 million with backing from the likes of Greylock Partners, Bloomberg Beta, Andreessen Horowitz, and RedPoint Ventures.
Founded by Jon Bischke and John McGrath in 2011, San Francisco-based Entelo offers a SaaS platform used by recruiters and hiring managers to find potential employees by utilizing true source-to-hire automation technology alongside best-in-class managed services for a platform that focuses on results, not just AI.
Entelo has raised a total of $44.7 million in funding over seven rounds.
HireVue is transforming the way organizations discover, engage and hire the best talent. Connecting companies and candidates anytime, anywhere, HireVue’s end-to-end hiring platform features video interviewing, assessments and conversational AI. HireVue has hosted more than 18 million video interviews and 114M chat-based candidate engagements for over 700 customers around the globe.
Founded by Mark Newman in 2004, HireVue is based in South Jordan, Utah, and has raised an impressive $93 million in funding over six rounds.
4. Wade & Wendy (acquired by PandoLogic)
PandoLogic, a provider of programmatic recruitment advertising, acquired AI recruitment chatbot company Wade & Wendy this May. Wade & Wendy, founded by Adrian von der Osten, Drew Austin, Ian Jaffrey, and Joshua Brandoff in 2014, equips companies and people with insights and recommendations to make more informed hiring decisions. Named a Top NYC Startup by Built In NYC, Wade & Wendy has also been featured in Techcrunch, Business Insider, The Washington Post and VentureBeat. Backed by Slack, ffVC, Randstad and others, Wade & Wendy is creating a more engaging and chat-driven hiring experience.
Before PandoLogic acquired the NYC-based startup, Wade & Wendy had raised $11.5 million over four rounds.