Home Uncategorized interviewIA raised $ 2m in the seed round to eliminate procurement bias

interviewIA raised $ 2m in the seed round to eliminate procurement bias

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InterviewIA was founded in 2020 to support the changes happening in the world of work. Bring Out Your Person

  • The last week of April was another busy week for investing in HR tech.
  • The latest funding news came from interviewIA.
  • The interviewIA platform will streamline the recruitment process, as well as eliminate bias.

HR tech is clearly hot right now. After a very productive first quarter aggregation and acquisition, has not neglected investment in the space in April.

This week only TravelPerk raised $ 160m in a Series D and CareRev closed a $ 50m Series A, but the latest HR tech company to receive funding last week was new launch, Colorado -based interview.

InterviewIA’s $ 2m seed rotation was led by the Colorado Impact Fund; other investors who participated in the funding included FirstMile Ventures, Rockies Venture Club and Service Provider Capital.

As its name suggests, interviewIA helps companies establish their recruitment game.

Acquiring the workflow platform allows interviewers to deliver a seamless, unbiased experience to job candidates – thus helping to create a truly inclusive future of work.

The interviewiA platform relies on deep amplifying intelligence (IA) technology and behavioral science to reduce errors in the recruitment process due to bias.

COVID-19 and interviewIA

the interviewIA was founded solely on June 2020 and focused on virtual recruitment process. The company says it reduced turnover by 25% and increased talent retention by 60%, thus saving its customers $ 200k.

CEO Joe Thurman commented: “There is no better time for technology, like interviewIA, than post-pandemic and in the midst of a genuine desire for social change around the world.

He added: “We are grateful to have investors who share our vision to develop better solutions and strategies with employees.”

InterviewIA plans to use this funding to fund its own strategic procurement and product development.

Talking about the funding, Colorado co-management partner Ryan Kirkpatrick said: “While hiring accelerates recovery from the pandemic and considers the call for action on Diversity, Equity, and Inclusion after social movements this past summer, we believe a solution to make the interview process more efficient, structured, and unbiased is important and timely. ”

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