- Charleston, South Carolina-based AI-Powered Talent Data and Intelligence platform ENGAGE Talent announced it raised $3.5 million.
- High Alpha Capital and Grand Ventures led this funding round
ENGAGE Talent — a Charleston, South Carolina-based AI-Powered Talent Data and Intelligence platform — announced it has raised $3.5 million to accelerate the innovation and scaling its groundbreaking AI Talent Intelligence technology that powers both the recruitment and retention of key talent.
“Talent data and analytics have become essential competitive differentiators, and will only become more important and valuable over time,” said ENGAGE Talent CEO Joseph Hanna. “They are the lifeblood of the modern talent management organization–one that is able to link talent efforts to business outcomes. We’re committed to providing our customers with the absolute best and most useful talent data, analytics and actionable insights to drive the outstanding recruiting and retention results that they need to thrive.”
High Alpha Capital and Grand Ventures led this round of funding with participation from other existing investors including new strategic investor Engage venture fund and Silicon Valley Bank. These funds came from a mix of equity and debt. Including this round of funding, ENGAGE Talent has raised $10 million total.
“We’re thrilled to support ENGAGE Talent’s continued growth and innovation,” added High Alpha partner Eric Tobias. “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 taps into more than 30,000 data sources and processes more than a billion data points monthly to map and predict people movement. This empowers it to provide unrivaled talent acquisition and retention insights and recommendations. Some of the company’s customers include Allstate, Dell, Transamerica, and Harris Healthcare — which experience quantifiable improvements, such as 200 to 700 percent increases in candidate engagement rates.
“The ENGAGE Talent recruitment and engagement engine gives customers a tremendous advantage in that effort,” explained Grand Ventures partner Tim Streit. “Given what the ENGAGE team has achieved to date, we’re excited to see the coming product innovations that will provide even more value to customers.”
