Carv, a recruitment AI company, has recently announced a groundbreaking achievement in securing $10M in seed funding. Following the successful launch of its recruitment platform in March, this significant milestone is a testament to the industry’s recognition of its potential. Notable investors led the funding round, including Global Founders Capital (GFC) and seasoned angel investors with previous backing in companies like Slack, Miro, and Revolut. With this substantial funding, the startup is poised to accelerate its growth and revolutionize the recruitment industry with the expanded capabilities of its platform.
Headquartered in Amsterdam, Carv has developed an AI platform designed to streamline recruitment processes by automating administrative tasks traditionally handled by recruiters. This customizable solution is not a replacement for recruiters, but a tool that empowers them to work more efficiently and effectively. It allows recruiters to focus on building meaningful connections with candidates and clients, enhancing their role in the recruitment process. Driven by a mission to foster synergy between recruiters and artificial intelligence, the firm is revolutionizing the way talent acquisition is approached.
With its platform, Carv addresses one of the most pressing challenges in today’s talent acquisition space: recruitment has become synonymous with administrative work. Industry data shows that anywhere between 20% to 40% of a recruiter’s day-to-day is spent on admin tasks, an unfortunate characteristic of the job that sits at the heart of many other challenges recruiters face. With Carv, these time-consuming admin tasks can now be fully delegated to a personalized AI, freeing up recruiters to focus on what matters most; the candidates they interact with. This shift in workload distribution holds the promise of a more balanced and fulfilling work life for recruiters.
Sharing about the company, Barend Raaff, Co-founder of Carv, said:
We often talk about the future of AI in recruitment on an abstract level. With Carv, we make it tangible. Enabling recruiters to delegate the tasks they shouldn’t spend time on to Carv is a first step towards a reality of integrated AI—one that delivers instant benefits and simultaneously opens the door to the fundamental rethinking of the hiring process in a later stage.
Raaff added:
In the years to come, AI will impact every stage of the hiring cycle. In a human-centric process like recruitment, finding the balance between humans and AI is key.
As it stands, the company can handle whatever administrative work a recruiter needs to do. It is not only speedier in execution but also capable of upholding a higher quality level when the recruiter attends meetings, observes the context, and uses the style and tone of voice that they often employ. Carv can complete tasks in seconds rather than hours, such as composing job descriptions, taking notes during interviews, filling out applicant tracking systems, and producing candidate write-ups. But this is just a first step towards completing the vision the Carv founders have laid out. Once recruiters are accustomed to collaborating with integrated AI, the organization envisions a push for true recruiter-AI synergy to bring the human element back to the forefront of the recruitment process.
