RecruitBot, a San Francisco-based powerful hiring platform that transforms the entire recruiting experience, has recently raised $8.2 million in additional seed funding led by Slow Ventures. The investment round also saw participation from SNR, OCA, Freestyle and Parade. With the funds, the company plans to expand its operations and business reach.
Founded by Jeremy Schiff, RecruitBot aims to empower recruiters by improving talent sourcing and expediting the hiring process through artificial intelligence (AI) and machine learning (ML). Its advanced AI algorithms enable the platform to comprehend recruiter preferences and display increasingly relevant candidates from its qualified database of 600 million profiles. In addition, the startup facilitates personalized, automated email campaigns to candidates on behalf of hiring managers.
An end-to-end sourcing solution, RecruitBot replaces three tools with a single product: a database of candidates, an outreach tool, and a recruiting CRM, all bundled in an intuitive interface. With advanced power filters, including those to help support DEI initiatives, combined with machine learning algorithms, the firm serves up candidates best suited for a role within minutes, not weeks. A CRM for personalized, automated email outreach sequences ensures much higher candidate engagement.
Sharing about the company, Founder & CEO of RecruitBot, Jeremy Schiff, said:
From the great resignation to significant layoffs, the market has now moved towards finding the best candidates, rather than just filling roles as quickly as possible. RecruitBot’s unique combination of machine learning and big data understands what your ideal candidates look like and then maximizes response rates by sending automated drip campaigns to a candidate’s inbox. In today’s economic climate, sourcing and hiring top-quality talent has never been more critical to give companies the competitive edge necessary to survive the harsh economic environment.
Knowing where to find the right candidates and how to approach them best remains a critical challenge for many companies; RecruitBot incorporates sourcing and outreach at scale with analytics in an all-in-one top-of-the-funnel solution to address these pain points. Machine learning allows companies to customize their candidate search by skills, experience and other criteria. By better understanding hiring preferences, companies can easily engage with the candidates at scale. As a result, companies find the right candidates up to 5 times faster with the platform.
Sam Lessin, General Partner, Slow Ventures, added:
RecruitBot’s technology streamlines and optimizes talent acquisition, enabling companies to make data-driven decisions, enhance efficiency, and ultimately build stronger, more diverse teams. By harnessing the power of artificial intelligence, RecruitBot is disrupting the traditional hiring landscape and ushering in a new era of intelligent, inclusive, and impactful workforce development.
The latest financing builds on RecruitBot’s significant growth in 2022 and its previous $3 million pre-seed funding round. Since its launch, the startup has raised $11.2 million to transform the recruiting experience, helping companies find, contact and hire talent faster.