May 17, 2019
CHICAGO—humanpredictions.io, a machine learning technology company whose product helps recruiting companies and enterprises identify and build relationships with tech talent, today announced a $1.16 million funding round led by Network Ventures with additional investment from Hyde Park Angels, SaaS Ventures, and M25.
This capital will help humanpredictions further grow and invest in its team of engineers and data scientists. The firm says it has a database of more than 44 million profiles of tech workers around the world.
Recruiting for tech roles can be difficult. Because of the competitive nature of tech, it is often challenging for recruiters to find people who both have the right skills the company needs and are ready to pursue a new job opportunity. Once they have identified people of interest, recruiters may struggle to start the conversation in terms that prospects will respond to.
To address those problems, humanpredictions provides organized data-search tools and gathers public data to create profiles of people in the tech industry, specifically Technology Leaders, Software Engineers, DevOps, Data Science, Product, iOS/Android, Designers/UI/UX, and QA. The platform then uses machine learning to predict which individuals are more likely to leave their current roles. In addition, humanpredictions facilitates the conversation with people by indicating when and how to reach out. By accessing these insights, recruiters can better target their outreach, find the right matches more easily, and improve the flow of the interviewing process.
https://recruitingheadlines.com/tech-recruiting-database-secures-1-million-in-funding/
CHARLESTON, S.C.– MAY 15, 2019 — ENGAGE Talent has raised $3.5 million to accelerate the innovation and scaling of its groundbreaking AI Talent Intelligence technology that powers both the recruitment and retention of key talent.
High Alpha Capital and Grand Ventures led the raise, with participation from other existing investors, new strategic investor Engage venture fund, and Silicon Valley Bank. The funds come from a mix of equity and debt. With this recent raise, the total investment in the company has reached $10M.
“We’re thrilled to support ENGAGE Talent’s continued growth and innovation,” High Alpha partner Eric Tobias said. “Employers everywhere know that their ability to recruit and retain talent in today’s extraordinarily competitive labor market directly impacts their ability to be successful as businesses.”
ENGAGE Talent listens to more than 30,000 data sources and processes more than a billion data points monthly to map and predict people movement–empowering it to provide unrivaled talent acquisition and retention insights and recommendations. Customers like Allstate, Dell, Transamerica, and Harris Healthcare experience quantifiable improvements, such as 200 to 700 percent increases in candidate engagement rates.
https://recruitingheadlines.com/engage-talent-raises-3-5m/
SEATTLE, May 15, 2019 — Karat, the leader in conducting technical interviews on behalf of companies, today announced that it has raised $28 million in funding led by Tiger Global Management, with participation from existing investors Norwest Venture Partners and 8VC. Karat will deploy the Series “B” financing to globally to scale its category-defining solution and its community of Interview Engineers. The company will also invest in R&D to leverage its robust body of structured-interview intelligence to continuously improve its highly predictive and fair technical interviews for hiring software engineers.
“Tiger’s investment in Karat is a watershed moment for the profession and science of Interview Engineering,” said Mohit Bhende, co-founder of Karat. “Just like Back-End engineers do Back-End work and Front-End engineers do Front-End work, companies need Interview Engineers who focus on interviewing with consistency, rigor, and empathy.
As every company becomes software-driven, we are seeing the demand for Interview Engineering grow exponentially. Karat is uniquely positioned to address this universal trend and set the gold standard for technical interviewing. In 2019 alone, Karat’s clients will gain over one million engineering hours by accelerating hiring and unlocking developer productivity.”
https://recruitingheadlines.com/technical-interview-platforms-nabs-28-million/
SEATTLE—SeekOut today announced Series A funding of $6 million led by Madrona Venture Group, with participation from existing investor Mayfield.
As the world becomes increasingly digital, companies in every industry have an urgent need to find tech talent to thrive. SeekOut offers companies a competitive edge in hiring tech talent and to support their diversity goals. Launched in early 2018, the company has quickly gained ground with more than 75 enterprise customers spanning multiple industries, including technology, defense, finance, pharma, consumer packaged goods, food & beverage.
Tech talent is hard to find because developers, engineers, and scientists don’t bother to keep an updated profile on sites like LinkedIn. Even worse, these sites provide a very narrow view of a candidate’s skills and abilities. Recruiters who limit themselves to traditional talent pools miss out on millions of quality, untapped candidates. SeekOut significantly expands the talent pool available by scouring public data and using natural-language (NLP) and machine-learning (ML) technologies to understand the expertise of each candidate and build a complete 360-degree view of each potential employee.
SeekOut’s AI-powered search engine gives recruiters the tools to find the best fit matches in the talent pool. By automating the candidate search and understanding past hiring patterns, SeekOut makes every recruiter a search expert and simplifies the task of zeroing in on the right candidate.
https://recruitingheadlines.com/seekout-gets-6-million-for-its-sourcing-platform/
Upwork ($UPWK), the largest freelancing website, today released its newest quarterly index of the hottest skills in the U.S. freelance job market. The Upwork Skills Index ranks the site’s 20 fastest-growing skills in a quarterly series.
It sheds light on new and emerging skills and provides real-time validation of current trends in the labor market and tech industry.
The top 20 fastest-growing skills, Q1 2019:
https://recruitingheadlines.com/upwork-names-the-20-fastest-growing-skills-for-freelancers/